Just curious if any have an opinion of what (if any) effect the elections will have on the Exchange rate.
I have been watching the DR1 thread and saw $47.20 at Banco Santo Cruz today. And it has been rising steadily over the past weeks.
I remember during my week down there in April it stayed constant at 43 plus change, Judy in Sosua told me it will stay that way until the elections. Well even with her connections/dealings I guess she doesn't know everything.
I also saw a post on WSG that said:
Yahoo Finance has 45.30 listed and my bank is holding at 42 since Monday.BTW, has anyone been monitoring the election? I understand that Hipolito Mejia is trailing by better than 20% of likely voters to former president Leonel Fernandez. My question is, how is Mejia and his cronies and his considerable assets and connections going to swallow this one? I hope Fernandez wins and I hope the country maintains order afterwards.
The peso is about 47 RDP to 1 USD right now, I think a Fernandez victory will knock it down under 40-1 again. Still good for us travelers and at least a little better for the Dominican people.
So does anyone else have an opinion, just thinking about positioning myself before my trip in July.
Thanks
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