Dominican peso strengthens against US dollar following Central Bank intervention

Dolores

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Feb 20, 2019
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The Dominican peso has retaken somewhat the pace of depreciation estimated by the Central Bank for 2025. The Central Bank of the Dominican Republic (BCRD) recorded the exchange rate at 61.32 pesos to the US dollar at the close of December 2024. But in the first months of the year, the peso began a steep depreciation to the US dollar. For 2025, Central projections anticipate the exchange rate will average 63.11 pesos per dollar, reflecting an expected year-over-year depreciation of 5.5%.

The Central Bank announced on 17 April 2025, that the exchange rate had fallen below RD$60.00 to the US dollar, signaling a notable appreciation of the national currency.

According to the Central Bank’s report on the same date, the weighted average exchange rates for buying and selling US dollars in the market stood at RD$59.55/US$ and RD$59.83/US$, respectively. These figures represent...

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