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Thread: Exchange Rate In DR: May 2005

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    Exchange Rate In DR: May 2005

    The rate is 28.7 today, this is the highest I have seen in a while, hope it continues to go up.

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    Yeah October is a long way off ,I hope it hits 50 again!

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    Quote Originally Posted by onedazz
    Yeah October is a long way off ,I hope it hits 50 again!
    Not gonna happen unless Leonel gets assassinated... Im just hopin for 35-1 like it was supposed to be around this time...
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    Quote Originally Posted by BrooklynBeas
    Quote Originally Posted by onedazz
    Yeah October is a long way off ,I hope it hits 50 again!
    Not gonna happen unless Leonel gets assassinated... Im just hopin for 35-1 like it was supposed to be around this time...
    35/1 does sound good right bout now.....We have been in the 20's way too long

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    Quote Originally Posted by BigTrick
    Quote Originally Posted by BrooklynBeas
    Quote Originally Posted by onedazz
    Yeah October is a long way off ,I hope it hits 50 again!
    Not gonna happen unless Leonel gets assassinated... Im just hopin for 35-1 like it was supposed to be around this time...
    35/1 does sound good right bout now.....We have been in the 20's way too long
    yeah it needs to be a simple conversion too... Like 33-1 would be OK then i know 100 pesos is $3 USD... simple.... that means 1000- $30 for TLN!

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    Quote Originally Posted by BrooklynBeas
    Quote Originally Posted by BigTrick
    Quote Originally Posted by BrooklynBeas
    Quote Originally Posted by onedazz
    Yeah October is a long way off ,I hope it hits 50 again!
    Not gonna happen unless Leonel gets assassinated... Im just hopin for 35-1 like it was supposed to be around this time...
    35/1 does sound good right bout now.....We have been in the 20's way too long
    yeah it needs to be a simple conversion too... Like 33-1 would be OK then i know 100 pesos is $3 USD... simple.... that means 1000- $30 for TLN!
    The simplest conversion is 50/1

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    Expect the 27:1 +- 10% to continue for a while...

    The Central Bank is sitting on a lot of pesos right now; they won't flood the economy with them as the long-term plan to curb inflation is beginning to work.

    The banks are not renewing CDS's in US$ at the former high rates (24+%). Up to this point, a business would have to earn a ROI of that % or more to consider re-investing in their business (i.e.: a business has US$100,000 in retained earnings. If he bought a simple CD, he'd make US$ 2,000 per month; what internal investment could he make for that kind of return? Not many). With inflation in check and cash deposits no longer making really high returns, businesses will have much greater incentive to re-invest earnings, therefore growing the entire economy (assuming normal or increased currency velocities). That, in turn, will create increased demand on US$, perhaps creating upward pressure on currency exchange rates.

    You gotta be patient. What is good for the DR economy will be good for us long term.

    Just saying what the rates "should" be based on nothing is just pissing into the wind hoping you don't get wet.

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    Quote Originally Posted by BigTrick
    Quote Originally Posted by BrooklynBeas
    Quote Originally Posted by BigTrick
    Quote Originally Posted by BrooklynBeas
    Quote Originally Posted by onedazz
    Yeah October is a long way off ,I hope it hits 50 again!
    Not gonna happen unless Leonel gets assassinated... Im just hopin for 35-1 like it was supposed to be around this time...
    35/1 does sound good right bout now.....We have been in the 20's way too long
    yeah it needs to be a simple conversion too... Like 33-1 would be OK then i know 100 pesos is $3 USD... simple.... that means 1000- $30 for TLN!
    The simplest conversion is 50/1
    Oh i know but im just being realistic.... $2 haircuts and $10 Short times are great! but ill settle for $3 and $15 respectively

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    Where did you guys get 28.7? I got 28.3 at Judy's yesterday, maybe in Santiago you can get teh higher rate.

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    Quote Originally Posted by kevyboy
    Where did you guys get 28.7? I got 28.3 at Judy's yesterday, maybe in Santiago you can get teh higher rate.
    i always get at least 1/2 a peso more to the dollar in STI

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    Quote Originally Posted by BrooklynBeas
    Quote Originally Posted by kevyboy
    Where did you guys get 28.7? I got 28.3 at Judy's yesterday, maybe in Santiago you can get teh higher rate.
    i always get at least 1/2 a peso more to the dollar in STI
    Where in STI...the airport?

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    Quote Originally Posted by BigTrick
    Quote Originally Posted by BrooklynBeas
    Quote Originally Posted by kevyboy
    Where did you guys get 28.7? I got 28.3 at Judy's yesterday, maybe in Santiago you can get teh higher rate.
    i always get at least 1/2 a peso more to the dollar in STI
    Where in STI...the airport?
    Nah my friend takes me to some park... Some guys sit out there and he has a desk peso's and a gun...

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    Quote Originally Posted by BrooklynBeas
    Quote Originally Posted by BigTrick
    Quote Originally Posted by BrooklynBeas
    Quote Originally Posted by kevyboy
    Where did you guys get 28.7? I got 28.3 at Judy's yesterday, maybe in Santiago you can get teh higher rate.
    i always get at least 1/2 a peso more to the dollar in STI
    Where in STI...the airport?
    Nah my friend takes me to some park... Some guys sit out there and he has a desk peso's and a gun...
    What park? I always go to San Luis for the street changers.
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    i wish i knew the name but i dont... I actually have no clue how to get there either but i would know i was there if you took me ... sorry

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    Not to go off-topic or nuthin . . . but

    mention of my 1, 2 3 post (to up my count) was brought up recently (wsj) . . . . how is this any fuckin different ? ? ? and I see it 50 times a day . . .

    Quote Originally Posted by BrooklynBeas
    i wish i knew the name but i dont... I actually have no clue how to get there either but i would know i was there if you took me ... sorry
    must you answer every fuckin post ? ? ? and if you must . . . then must you delete mine ? ?

    (yeah I'm drinkin and the lawyer called me today . . . ) = cranky
    Who me ? ? ?
    nahhhh . . . move along, move along . . .

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    Quote Originally Posted by the_Jayman
    Not to go off-topic or nuthin . . . but

    mention of my 1, 2 3 post (to up my count) was brought up recently (wsj) . . . . how is this any fuckin different ? ? ? and I see it 50 times a day . . .
    Yeah I mentioned it but you are still my HERO Jayman...

    Look at it this way you were probably drunk when you were doing that...


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    Quote Originally Posted by the_Jayman
    Not to go off-topic or nuthin . . . but

    mention of my 1, 2 3 post (to up my count) was brought up recently (wsj) . . . . how is this any fuckin different ? ? ? and I see it 50 times a day . . .

    Quote Originally Posted by BrooklynBeas
    i wish i knew the name but i dont... I actually have no clue how to get there either but i would know i was there if you took me ... sorry
    must you answer every fuckin post ? ? ? and if you must . . . then must you delete mine ? ?

    (yeah I'm drinkin and the lawyer called me today . . . ) = cranky
    im confused... Who deleted your post?

  20. #18
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    Quote Originally Posted by the_Jayman
    Not to go off-topic or nuthin . . . but

    mention of my 1, 2 3 post (to up my count) was brought up recently (wsj) . . . . how is this any fuckin different ? ? ? and I see it 50 times a day . . .

    Quote Originally Posted by BrooklynBeas
    i wish i knew the name but i dont... I actually have no clue how to get there either but i would know i was there if you took me ... sorry
    must you answer every fuckin post ? ? ? and if you must . . . then must you delete mine ? ?

    (yeah I'm drinkin and the lawyer called me today . . . ) = cranky
    AN APOLOGY TO BEAS AND THIS BOARD

    I was gonna do this in a PM but thought I should put it out for all to see, my embarrassment . . .

    I was cranky and drinkin and snapped at Thailand Beas . . . (I do that from time to time)

    Sorry man I was WAY out of line . . .

    you know I'll make it up to you at the BJ bar on Soi 6

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    Quote Originally Posted by the_Jayman
    Quote Originally Posted by the_Jayman
    Not to go off-topic or nuthin . . . but

    mention of my 1, 2 3 post (to up my count) was brought up recently (wsj) . . . . how is this any fuckin different ? ? ? and I see it 50 times a day . . .

    Quote Originally Posted by BrooklynBeas
    i wish i knew the name but i dont... I actually have no clue how to get there either but i would know i was there if you took me ... sorry
    must you answer every fuckin post ? ? ? and if you must . . . then must you delete mine ? ?

    (yeah I'm drinkin and the lawyer called me today . . . ) = cranky
    AN APOLOGY TO BEAS AND THIS BOARD

    I was gonna do this in a PM but thought I should put it out for all to see, my embarrassment . . .

    I was cranky and drinkin and snapped at Thailand Beas . . . (I do that from time to time)

    Sorry man I was WAY out of line . . .

    you know I'll make it up to you at the BJ bar on Soi 6
    Im not goin to Thialand... Your gonna have to make it up to me in BB's at the party we have planned tonight! NOVEMBER... Cumming soon!

  22. #20
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    THEN BLACK BEARDS BEAS IT IS ! !


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