The reversed peso depreciation trend

[Dolores]

The exchange rate of the US dollar against the Dominican peso has shown a noticeable downward trend over the past two weeks, retreating from its mid-March peak of nearly RD$64 per dollar. This shift is evident at commercial bank windows across the country, El Dia reports.

This decline is attributed to a combination of seasonal increases in foreign currency inflows from remittances and tourism, coupled with proactive measures by the Central Bank to manage the exchange rate. This development offers potential relief from inflationary pressures for consumers and businesses alike.

In the wholesale exchange market, the US dollar is currently trading at RD$61.46 for sale and RD$61.32 for purchase as of Monday, 7 April 2025, marking a decrease of 200 basis points during this period.

This downward movement is also reflected in the retail rates offered by major commercial banks. These...

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[Jumbo]

Hopefully we won’t be heading back to 20 years ago. That was one hell of a money grab for those with inside information. I know CC would be buying pesos like crazy at this rate. Just hope it doesn’t drop much more unless I will no longer be a member of the Dominican million peso club.

 

[drstock]

It's not such bad news for me. Many months ago I started a Certificate in pesos because of the high interest offered, but the rate of exchange meant that in dollar terms it became worth less than when I started. The lower peso rate makes it much better!

 

[Jumbo]

It's not such bad news for me. Many months ago I started a Certificate in pesos because of the high interest offered, but the rate of exchange meant that in dollar terms it became worth less than when I started. The lower peso rate makes it much better!

Living here year round it’s a great move. I have A peso account ive been adding to but need to hide it from the wife. Bad clothes shopping addiction. And I still sub contract in the states so interest income gets tricky. Looking into fast tract citizenship but unfortunately there is no 5 million dollar gold card here………….

 

[cavok]

When you're changing your dollars or euros for pesos and prices are going up, the revaluation of the peso is anything but good for those of us living here.

 

[josh2203]

When you're changing your dollars or euros for pesos and prices are going up, the revaluation of the peso is anything but good for those of us living here.

We withdrew cash on Wednesday, and were charged 3 EUR more for 10k pesos than the week before. Definitely not good.

 

[johne]

We withdrew cash on Wednesday, and were charged 3 EUR more for 10k pesos than the week before. Definitely not good.

wow! Every penny counts for the expats living off the misery of a stronger currency of their host country. Hang thuff guys.

 

[Gadfly]

at least we can spell tough

 

[josh2203]

wow! Every penny counts for the expats living off the misery of a stronger currency of their host country. Hang thuff guys.

I wonder why this whole thread exists and why is it so popular with its 99 pages:

https://dr1.com/forums/threads/us-exchange-rate.66042/page-99

And the changes there are often much smaller than what I reported, yet many people somehow appear to have interest in those... Why don't you comment there as well?

I'm happy for you if you're that wealthy so that things like this don't matter. I'm unfortunately not (yet)...

 

[AlterEgo]

I wonder why this whole thread exists and why is it so popular with its 99 pages:

https://dr1.com/forums/threads/us-exchange-rate.66042/page-99

And the changes there are often much smaller than what I reported, yet many people somehow appear to have interest in those... Why don't you comment there as well?

I'm happy for you if you're that wealthy so that things like this don't matter. I'm unfortunately not (yet)...

The other thread you’re referencing is for rates only, no comments/discussion permitted.

We all need a thick skin here, I know how hard it is sometimes, trust me 😬

 

[josh2203]

The other thread you’re referencing is for rates only, no comments/discussion permitted.

Thanks AE I know it's only rates, no comments. My point was that if changes (no matter how small or large) did would not matter to people, people would not post there. That thread would not have so many pages if the topic was uninteresting, which it's obviously not.

 

[AlterEgo]

Thanks AE I know it's only rates, no comments. My point was that if changes (no matter how small or large) did would not matter to people, people would not post there. That thread would not have so many pages if the topic was uninteresting, which it's obviously not.

True. Without that thread, most of us wouldn’t know instantly when exchange rates are moving up or down. When we landed in January, we needed to exchange $2,000. First guy offered 60, I told Mr AE no, because someone here had gotten 61.9. He went to next place and got 62. To some that’s peanuts, to others it’s the principle.

 

[keepcoming]

True. Without that thread, most of us wouldn’t know instantly when exchange rates are moving up or down. When we landed in January, we needed to exchange $2,000. First guy offered 60, I told Mr AE no, because someone here had gotten 61.9. He went to next place and got 62. To some that’s peanuts, to others it’s the principle.

I always said DR1 helps so many of us, even with the smallest of things

 

[josh2203]

When we landed in January, we needed to exchange $2,000. First guy offered 60, I told Mr AE no, because someone here had gotten 61.9. He went to next place and got 62. To some that’s peanuts, to others it’s the principle.

So that's a 4,000 DOP difference with the amount you exchanged. At least for us that's not peanuts, we can get basic groceries for about 3-4 days (prices are ridiculously high in the DR) with that...

 

[cavok]

True. Without that thread, most of us wouldn’t know instantly when exchange rates are moving up or down. When we landed in January, we needed to exchange $2,000. First guy offered 60, I told Mr AE no, because someone here had gotten 61.9. He went to next place and got 62. To some that’s peanuts, to others it’s the principle.

That's a 4000 pesos difference. Maybe to some people here that's just chump change and not worth their time, but I would have definitely gone to another cambio also for an extra 4000 pesos. And that's only on $2000 dollars. A lot of people change more than that monthly.

 

[AlterEgo]

That's a 4000 pesos difference. Maybe to some people here that's just chump change and not worth their time, but I would have definitely gone to another cambio also for an extra 4000 pesos. And that's only on $2000 dollars. A lot of people change more than that monthly.

True, and I wanted to mention that sometimes cambios will give you more than the going rate if you’re exchanging a larger amount.

Mr AE went into Caribe Express in San Cristobal (Sirena) and didn’t see the rates posted so he walked up to front of line just to ask what they were paying for dollars. She answered then asked how much he was changing. When he answered, she said she’d give him another 10 points. He went back to the line and a minute later she called him up to the front.

 

[CristoRey]

True. Without that thread, most of us wouldn’t know instantly when exchange rates are moving up or down. When we landed in January, we needed to exchange $2,000. First guy offered 60, I told Mr AE no, because someone here had gotten 61.9. He went to next place and got 62. To some that’s peanuts, to others it’s the principle.

Live exchange rates

Currency Exchange Rates and International Money Transfers

Get the best currency exchange rates for international money transfers to 200 countries in 100 foreign currencies. Send and receive money with best forex rates.

www.xe.com

 

[AlterEgo]

Currency Exchange Rates and International Money Transfers

Get the best currency exchange rates for international money transfers to 200 countries in 100 foreign currencies. Send and receive money with best forex rates.

www.xe.com

True, but sometimes it varies between cities and locations/cambios. I like first person info. 😊

 

[CristoRey]

True, but sometimes it varies between cities and locations/cambios. I like first person info. 😊

Agreed.

 

[JD Jones]

An acquaintance of mine told me a few days ago that if I was going to exchange some dollars now was the time to do it.

I decided to exchange some and got 62 as well. I'm surprised lightning struck me twice.