Historical Exchange Rates per U.S. Government

Jan 9, 2004
9,068
374
83
With the perceived good news that the country may soon re-open for tourism, the decline of the value of the peso is slowing.....at least for the moment.

When the reality hits, that tourism, when it does return, will look nothing like it did pre-pandemic in terms of numbers and revenue, the peso will likely drift downward.......albeit slower..........but 63:1..........absent some major boost in revenue.........still appears to be the target for the end of December.


Respectfully,
Playacaribe2
 

slowmo

Active member
Aug 1, 2016
473
139
43
The only reason the peso has stabilized against the US dollar in the last few days is that the US dollar has been dropping worldwide.
 
Jan 9, 2004
9,068
374
83
The only reason the peso has stabilized against the US dollar in the last few days is that the US dollar has been dropping worldwide.
The only major currency gaining meaningfully against the dollar is the Euro (Yen is actually falling)..........after the ECB finally adopted a whatever it takes attitude to save their industries and economy. The 10 billion bailout of Lufthansa and the bonds being issued to save the southern European countries comes to mind.

USD/EURO has little effect on USD/PESO.........

And the peso has not stabilized.......its downward trajectory has merely slowed.


Respectfully,
Playacaribe2
 
Jan 9, 2004
9,068
374
83
Another good reason not to "invest" in peso certificates.........or for those who already have..........when the maturity date arrives........time to look elsewhere;


The peso weakened rapidly in the first quarter, stabilized a bit in the second, and now looks to begin to weaken again............as the realities of Covid-19 on the national budget and also on tourism not returning to anywhere pre-Covid-19 levels for at least the next 18 months..........finally sets in.

And as an observation, when government coffers begin to run dry.................new or increased taxes are not far behind.


Respectfully,
Playacaribe2
 
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irsav

Well-known member
Jan 26, 2019
546
28
48
Strong dollar is a bad thing for locals but a WONDERFUL thing for expats and American visitors. Weak dollar is a wonderful thing for locals but HORRIBLE news for expats and American visitors. When dollar is weak and peso high visitors are better to reschedule and postpone their trips. It is a common knowledge.
 
Jan 9, 2004
9,068
374
83
Strong dollar is a bad thing for locals but a WONDERFUL thing for expats and American visitors. Weak dollar is a wonderful thing for locals but HORRIBLE news for expats and American visitors. When dollar is weak and peso high visitors are better to reschedule and postpone their trips. It is a common knowledge.
And that has happened exactly once over the last twenty years.........and only for a brief period.............off season..........wit little effect on tourism..........

The peso is slowly and consistently weakening year over year. From 1:1 parity with the dollar..........and despite a surging market in tourism since the late 1990's.......corrupt inept governments have all but insured it is headed to 100:1 in the not to distant future.

Respectfully,
Playacaribe2
 
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irsav

Well-known member
Jan 26, 2019
546
28
48
And that has happened exactly once over the last twenty years.........and only for a brief period.............off season..........wit little effect on tourism..........

The peso is slowly and consistently weakening year over year. From 1:1 parity with the dollar..........and despite a surging market in tourism since the late 1990's.......corrupt inept governments have all but insured it is headed to 100:1 in the not to distant future.

Respectfully,
Playacaribe2
I must agree. Corruption in all Third World banana republics always has been horrendous. Including our beloved Dominican Republic. God forbid to have any other activity here except enjoying the beach during the beautiful Dominican day and chasing chicas after the wonderful Dominican sunset. Just GOD FORBID!
 

El Rey de Mangu

Open your chakras!
Sep 22, 2009
2,538
1,119
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I must agree. Corruption in all Third World banana republics always has been horrendous. Including our beloved Dominican Republic. God forbid to have any other activity here except enjoying the beach during the beautiful Dominican day and chasing chicas after the wonderful Dominican sunset. Just GOD FORBID!
Haloperidol. That's what you're looking for.
 
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