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 an appreciation of 2.3% and 2.5% for the Dominican peso compared to the close of 2024. Notably, wholesale market transactions were reported to be around RD$59.50.
From the viewpoint of local consumers, the strengthening of the Dominican peso reflects a positive trend for the national economy, potentially enhancing local purchasing power of those conducting transactions in the local currency.
The peso’s appreciation follows measures implemented by the Monetary Board and the Central Bank after the peso had significantly dropped to RD$63.48 on 27 March 2025. By 31 March, the peso began to recover, reaching levels now in line with the Central Bank’s projections for 2025.
During the first two months of 2025, exports total were up 10%, and remittances were up 8%. Foreign Investment has also kept strong. Tourism also maintains a steady flow.
There is concern that the Dominican Republic will not post a 5% growth in 2025, given the uncertainty created by disruptions brought about by recent decisions of the Trump administration. The DR economy depends heavily on the welfare of the US economy, given that the US is the country’s leading source of tourism, trade, remittances and foreign investment, as well as where the largest expat community resides. For instance, New York City is regarded as the second largest city in Dominican population.
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Central Bank
Central Bank historic peso levels
Central Bank remittances
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21 April 2025