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 institutions are buying dollars between RD$60.70 and RD$61.00, while selling them in the range of RD$62.50 to RD$62.90.
In its latest monetary policy report, the Central Bank emphasized its close monitoring of the exchange market and reiterated its possession of the necessary tools to maintain relative exchange rate stability.
The current trend offers a reprieve for both importers and consumers, as exchange rate stability helps to curb inflationary pressures.
The exchange rate is a key indicator closely watched by economic stakeholders due to its direct impact on the prices of goods and services, particularly imports.
El Dia reports that expectations are for the exchange market to maintain a degree of stability in the coming weeks. However, its future trajectory is likely to depend on the flow of foreign currency and the international context, especially the monetary policy decisions of the US Federal Reserve. The US is the country’s main source of tourists, trade, remittances and foreign investment.
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El Dia
10 April 2025