STRONG dollar. How hard will it hit the DR??

[Yourmaninvegas]

I am confused...

If the exchange rate USD/DOP was 1 to 58
And now the USD/DOP is 1 to 54

As a man everyone knows is not very knowledgable about things financial...
Does that mean the DOP has gained strength against the USD?

 

[Tarheel]

I am confused...

If the exchange rate USD/DOP was 1 to 58
And now the USD/DOP is 1 to 54

As a man everyone knows is not very knowledgable about things financial...
Does that mean the DOP has gained strength against the USD?

Yes.

 

[Yourmaninvegas]

Yes.

Interesting. And thank your for your answer and educating me just a bit more.

 

[johne]

I am confused...

If the exchange rate USD/DOP was 1 to 58
And now the USD/DOP is 1 to 54

As a man everyone knows is not very knowledgable about things financial...
Does that mean the DOP has gained strength against the USD?

As a man that knows for sure you are very knowlegable about things financial I am confused as to why you asked this question.(LOL).

 

[Yourmaninvegas]

As a man that knows for sure you are very knowlegable about things financial I am confused as to why you asked this question.(LOL).

Thank you my man.
Just having a little fun with those who might need a reminder of that. 🤪

Anybody have any guess as where the peso is going ?

Ever wonder why the interest rate in Dollars is less than 1% and rate with pesos is 7-10 % higher................. AH, but there have been, and alway will be, millions of people that can't figure that out. They follow the rules of investment called "Greed 101".

dr1.com

Post number #45 & #46

I thought revisiting the subject might be appropriate at this time.
The thread I quoted was closed.
But the discussion of the USD/DOP exchange rate rages on.