With exchange houses buying the US dollar at RD$28-29, visiting tourists are finding the DR to be a great bargain. While certain items for sale in the Dominican Republic have been pegged to the US currency for years, most have not and those with US dollars or euros can benefit.
That is, while the record decline of the peso has meant price adjustments, in most cases, these have not being carried out in the same proportion to the devaluation. The simple reason for this is that the income of those living the DR is mostly derived in Dominican pesos and wages are not automatically indexed for inflation or depreciation. Most products have an inelastic demand, and thus vendors run the risk of losing all their clients if the pricing of their products is not right. Meanwhile, those who have dollars today are benefiting from a clearance sale of the DR.