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Dominican peso devaluation trend is on hold

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Dolores

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The US dollar exchange rate experienced a further decline on Wednesday, 2 April 2025 closing at RD$62.68 for buying and RD$63.00 for selling, according to official data from the Central Bank of the Dominican Republic.

This rate reflects a 40-point drop from the previous day, continuing a steady downward trend observed throughout the week, El Dia reports.

Currency consumers have reported being able to purchase dollars without restrictions, indicating a stable market and normal transaction flow.

The Central Bank’s daily reports confirmed the decline, with Tuesday’s closing rates at RD$63.02 for buying and RD$63.41 for selling. This represents an accumulated depreciation of 3.4% for buying and 3.3% for selling compared to the previous day.

El Dia reports that the exchange rates offered by major banks in the system showed slight variations. Banco de Reservas quoted the...
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R

RDKNIGHT

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Totally out of our control ......we should all try mushrooms to get our mind right
 
drstock

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As the US Dollar has fallen in value against currencies like, for example, the UK pound due to the tariffs, the effect may be the same against the DR peso.
 
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fuchs4d

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The USD and the DOP are both falling against bananas and Presidente beer. The DOP used to fall faster, the USD accelerated and now is falling faster than the DOP.

Alexander
 
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josh2203

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drstock said:
As the US Dollar has fallen in value against currencies like, for example, the UK pound due to the tariffs, the effect may be the same against the DR peso.
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Exactly so:

Euro to US Dollar Exchange Rate Chart | Xe

EUR to USD currency chart. XE’s free live currency conversion chart for Euro to US Dollar allows you to pair exchange rate history for up to 10 years.
www.xe.com www.xe.com

Euro to Dominican Peso Exchange Rate Chart | Xe

EUR to DOP currency chart. XE’s free live currency conversion chart for Euro to Dominican Peso allows you to pair exchange rate history for up to 10 years.
www.xe.com www.xe.com

EUR exchange rate was at 67.something a few weeks ago, then it got a bit lower, now it's going up again. Reference points Scotiabanks and WU.
 
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Gadfly

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But the chart shows strong dollar, I understand there’s uncertainty and dire predictions, but the chart?
 

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josh2203

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Gadfly said:
But the chart shows strong dollar, I understand there’s uncertainty and dire predictions, but the chart?
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Sorry, I got it slightly/partially backwards above. Indeed, the USD, just like EUR, are getting stronger against DOP. What I was referring to was this development. USD is just slightly losing value against EUR and EUR getting stronger (just like the USD) against DOP.
 
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cavok

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josh2203 said:
Sorry, I got it slightly/partially backwards above. Indeed, the USD, just like EUR, are getting stronger against DOP. What I was referring to was this development. USD is just slightly losing value against EUR and EUR getting stronger (just like the USD) against DOP.
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If you look at the exchange rate here, the USD has weakened pretty dramatically against the DOP
 
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cavok

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josh2203 said:
You're right on that, I see it has been pretty unstable recently:

US Dollar to Dominican Peso Exchange Rate Chart | Xe

USD to DOP currency chart. XE’s free live currency conversion chart for US Dollar to Dominican Peso allows you to pair exchange rate history for up to 10 years.
www.xe.com www.xe.com
Click to expand...
I don't know where XE gets their rates from, but you can rarely get their published rate down here - not even at Banco Central which sets the official rate.
 
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josh2203

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cavok said:
I don't know where XE gets their rates from, but you can rarely get their published rate down here - not even at Banco Central which sets the official rate.
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No, you don't get those rates but they should correlate with the curve. I don't get those rates but the rate I get here is based on those numbers.
 
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Gadfly

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When I pull dollars from my US bank, the dollar to peso exchange rate my bank uses is approx 1.25 pesos (after fees) below the xe.com posted rate. Pretty consistently
 
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