1.00 USD = 35.2145 DOP
I hope it keeps getting better. I remember when 1 dollar was 50 pesos. Ahhh the good old days....
1.00 USD = 35.2145 DOP
I hope it keeps getting better. I remember when 1 dollar was 50 pesos. Ahhh the good old days....
I know but thanks to you I found out about the DR and had the pleasure of taking advantage of a great exchange rate at that time.
I think that the more important exchange rate may be the Dollar v. Euro which is definitely moving in our favor. The rise of the Euro over the past 4-5 years has done more to drive up the price of punani in the countries where we compete with European mongers than the activity of the national currencies of those countries. Buy some Dominican punani in Netherland Antilles or in Geneva, Paris or in Amsterdam vs. buying the same in C.R. or D.R., likewise buy some Colombian poon anywhere you can spend Euros or Guilders vs. actually getting it in South and Central America and you will find a diminished capacity for fun.
I stay at an Italian resort in Santo Domingo and from the very first visit we wondered "where do these old dried up guys get these superstar Chicas from?". The answer lies in the strength of the Euro. This is why the Putas of Santo Domingo can go from $1,500RD - $3,000RD at home to $3,000RD to $7,000RD at "La Punta" where plane loads of Germans, French Italians, etc. flock into PUC every day on direct flights with their pockets full of Euro's and a spending power that they couldn't have enjoyed just 4-5 years ago. As the Euro drops against the Dollar, so will their influence and the price of pussy will follow.
Beer is proof that God loves us and wants us to be happy.
- Benjamin Franklin
I still do not understand why our dollar is up 2 more pesos today when the dollar was stronger last year this time and we only got 33 pesos??
The best thing about an ass, is when it is sitting on my face!!
The peso is more or less tied to the dollar (not formally but in practice) and the dollar/peso rate is very little affected by movement in other currencies. So the fact that the dollar may be very strong or very weak against the euro and other currencies will hardly affect the dollar/peso exchange rate one way or the other.
For some time the peso has been regarded as being kept artifically high for political reasons and on economic factors should be around 38 or 39 to the dollar. Now the election is over perhaps Leonel will let it gradually slide to its true rate. Fear of this is why investment houses and banks in the DR have to offer such high interest rates on peso accounts (typically between 8% and 18% depending upon terms, amounts and periods), so that investors can be at least partially recompensed for future devaluation of the peso.
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