The US dollar exchange rate dropped by RD$1.10 yesterday on the foreign exchange market in contrast to Wednesday when it reached a maximum rate of RD$34.00 to one and minimum rate of RD$33.80 to one in the main commercial banks and exchange agents, according to Listin Diario. Yesterday, US currency was being sold at RD$32.90 to RD$33.00 and purchased at between RD$33.00 and RD$32.00. In the opinion of exchange agents, the market is on a downward trend and it seems the dollar will again reach the levels it had before, that is RD$31.00 for purchase and RD$32.00 for sale. On Wednesday, the Euro was being sold at RD$41.00 and yesterday at RD$39.00, a two-peso drop. The purchase price of the Euro dropped from RD$38.50 on Wednesday to RD$37.00 yesterday. Trade leaders Domingo Espinal Collado and Ivan Garcia separately agreed that the fluctuation in the foreign exchange rate was due to a “speculation bubble” and believe the US dollar should be priced between RD$29.00 and RD$31.50.<\/p>\n","protected":false},"excerpt":{"rendered":"
The US dollar exchange rate dropped by RD$1.10 yesterday on the foreign exchange market in contrast to Wednesday when it reached a maximum rate of RD$34.00 to one and minimum rate of RD$33.80 to one in the main commercial banks and exchange agents, according to Listin Diario. Yesterday, US currency was being sold at RD$32.90 … <\/p>\n