i've been reading all i can- but with 4 days till i leave i'm not going to teach myself spanish. no sense kidding myself. if i was computer literate i could probably find old listings explaining this--- how do i handle my money. i know not to use us currency, but i don't want to hold out my money and simply ask how much. -any hints would be appreciated-rugby
- Thread starter rugby.1
- Start date
money use in sosua--how???
Get a Spanish phrase book it has numbers in there this is the one i bought Learn Spanish For Your Costa Blanca Holiday
Get a few peso at the airport when you arrive or the cambio in the hotel you stay at for taxis etc. US $ is accepted in most tourist locations, and your change will be in peso.......other than changing your money twice, you lose twice. Hummmm
Look at the current exchange rate......1 US equals X in peso, pretty simple.
Forget American Express or travelers checks.
Look at the current exchange rate......1 US equals X in peso, pretty simple.
Forget American Express or travelers checks.
1 dollar = 35 pesos more or less
3 dollars = 100 pesos more or less
15 dollars =500 pesos more or less
30 dollars=1000 pesos more or less
hope that helps
3 dollars = 100 pesos more or less
15 dollars =500 pesos more or less
30 dollars=1000 pesos more or less
hope that helps
The airport and your hotel are perhaps the worst places to change money, The OP can pay for a taxi in USD and buy RD Pesos at a cambio near his hotel. I do not recommend using USD for anything in Sosua other than a tourist taxi.
tambo's .02
It's all good....
Not looking for the better rate, I said a "few" peso. I have always used US all over the DR other than interior, and peso for change. Never have a problem changing back on your return trip either. I suppose you could go the Banco and change ALL your money. If not travel savy, could be harder to keep track of your money for some. The easiest way looks the best for the OP here...
Different strokes for different folks.
Not looking for the better rate, I said a "few" peso. I have always used US all over the DR other than interior, and peso for change. Never have a problem changing back on your return trip either. I suppose you could go the Banco and change ALL your money. If not travel savy, could be harder to keep track of your money for some. The easiest way looks the best for the OP here...
Different strokes for different folks.
The only place that gives you a fare tasa for USD and change in RD pesos is Playero. Why would you change any money at the airport at RD32/USD when the rate is 35.40 on the street? You are doing others a diservice by posting your opinions as facts.
It's your money!
tambo'
It's your money!
tambo'
A
apostropheman
Guest
As Tambo says your opinion makes no sense!
The only place you need USD for is the tourist taxi to and from the airport, and you can pay in pesos returning to the airport.
Whatever your home currency it IS to your advantage to change to USD and then to psos when in the DR.
For example changing CAD to USD and then to pseos can save you 5-6% over bringing CAD and changing directly to pesos. Also choosing wisely where you change to pesos can have a huge afect as well.
You are not helping anyone posting bogus info so please go back to lurking until you have something useful to contribute.
irate:
The only place you need USD for is the tourist taxi to and from the airport, and you can pay in pesos returning to the airport.
Whatever your home currency it IS to your advantage to change to USD and then to psos when in the DR.
For example changing CAD to USD and then to pseos can save you 5-6% over bringing CAD and changing directly to pesos. Also choosing wisely where you change to pesos can have a huge afect as well.
You are not helping anyone posting bogus info so please go back to lurking until you have something useful to contribute.
irate:Hummm, I'm guessing you must live in Sosua and maybe retired. Living there and visiting for a week are 2 different things. Myself, I wouldn't bother to worry about the 2 peso diff and guess I wouldn't change on the street anymore than walk around without my head screwed on backwards....lol
In Santiago I have to admitt I did change a considerable amount for a street rate at a jewelery shop run by chinese.
Have a nice day, hopefully my incorrect opinion won't cost the OP the shirt off his back....hehe
In Santiago I have to admitt I did change a considerable amount for a street rate at a jewelery shop run by chinese.
Have a nice day, hopefully my incorrect opinion won't cost the OP the shirt off his back....hehe
Can you explain where you get the 5-6% apostropheman???
Using today's Royal Bank exchange rate, it would cost me $127.56Cdn. to buy $100US. So, then below is the calculation for the peso amounts I would receive. The difference is not too much. But if I am missing something then please inform me, so all can benefit.
So, doing the math:
$100US X 35.6 = $3560.00RD
$127.56 X 27.56 = $3516.00RD
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A
apostropheman
Guest
Maybe you can afford to be wasteful but I choose not to be.
Some time ago Rocky did the calculation but I guess the spread has changed some for the better since then, however:
$100 CAD = 79.85 USD
Currency Converter for 164 Currencies
$79.85 USD in Sosua will get you 2843 pesos.
$100 CAD in Sosua will get you 2756 pesos or only 96.9%
http://www.dr1.com/forums/728565-post147.html
So at this time you would lose 3.1% by not converting to USD first.
Perhaps not as dramatic as 5-6% but costly none the less.
I easily spend $1500 USD in a week including hotel but excluding airfare, and that's about $1878 CAD. 3.1% is $87. At 3 or 4 trips a year it adds up fast covering food and drink or a nice condo for a week!
Some time ago Rocky did the calculation but I guess the spread has changed some for the better since then, however:
$100 CAD = 79.85 USD
Currency Converter for 164 Currencies
$79.85 USD in Sosua will get you 2843 pesos.
$100 CAD in Sosua will get you 2756 pesos or only 96.9%
http://www.dr1.com/forums/728565-post147.html
So at this time you would lose 3.1% by not converting to USD first.
Perhaps not as dramatic as 5-6% but costly none the less.
I easily spend $1500 USD in a week including hotel but excluding airfare, and that's about $1878 CAD. 3.1% is $87. At 3 or 4 trips a year it adds up fast covering food and drink or a nice condo for a week!
A
apostropheman
Guest
Regardless of the actual numbers, which often change, the principle is the same. You will get more pesos changing USD than with any of the other major currencies. Whether the spread is enough for you to bother is a different story.
:
If the percentage I stated is wrong it is my mistake, NOT Rocky's.
I didn't bother to redo the math as I have seen the savings to myself many times over.
I generally don't take much cash and use ATMs as I get an excellent rate and don't have to worry about having too much cash on hand....but perhaps that's another topic :cheeky::bunny::bunny:
DISCLAIMER
:If the percentage I stated is wrong it is my mistake, NOT Rocky's.
I didn't bother to redo the math as I have seen the savings to myself many times over.
I generally don't take much cash and use ATMs as I get an excellent rate and don't have to worry about having too much cash on hand....but perhaps that's another topic :cheeky::bunny::bunny:
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I doubt one can get the Dominican Central Bank rate for CDN$ at cambios in the DR so I believe the 5-6% is accurate, and that is at a good cambio like Victor's.
Some cambios will give 24-26 for CDN$.
Hey,
using 500 US as an exmaple, you are roughly throwing away 40-42 US dollars.
it's not a ton of money,but why throw it away?
tx
rugby.1
i think i started an arguement. didn't mean to. i was not so much worried about the rate when i started the thread, but to the actual physics of paying for things. my memory does not work as such that i'm gonna learn to count in spanish in the next week. i wondered if the normal store operator would know my hundred, thousand etc... instead of the spanish. i don't want to hold my hands out and say take what ya need-rugby
i think i started an arguement. didn't mean to. i was not so much worried about the rate when i started the thread, but to the actual physics of paying for things. my memory does not work as such that i'm gonna learn to count in spanish in the next week. i wondered if the normal store operator would know my hundred, thousand etc... instead of the spanish. i don't want to hold my hands out and say take what ya need-rugby
If you don't think you can handle learning a few numbers, then the best thing to do is carry a little note pad and a pen and have them write it down for you.
"Cuanto cuesta?" means "How much does it cost?" It's pronounced pretty much how you would in English. Then hand them the pad and pen.
Learning the numbers in denominations of 10/100/1000 is really simple. Just say so if you want it spelled out for you, or better yet just google "Spanish numbers"
"Cuanto cuesta?" means "How much does it cost?" It's pronounced pretty much how you would in English. Then hand them the pad and pen.
Learning the numbers in denominations of 10/100/1000 is really simple. Just say so if you want it spelled out for you, or better yet just google "Spanish numbers"
It's the same in Canada as it is in the D.R. the worst place to exchange $$ is in a bank.