NewsWhore
03-30-2009, 05:40 PM
The dollar-peso exchange rate has seen a steady and gradual increase during the last two months, registering RD$35.90 to 1 last Friday. This news raises concerns about the devaluation of the peso, taking into account that the exchange rate was RD$35.64 at the end of February. The greatest jump in the exchange rate occurred between 2 and 27 March when it went from RD$35.70 to RD$35.90. Observers explain that the government developed its budget based on an exchange rate of RD$37.50 and fear that the exchange rate could balloon to RD$40.00 by the end of the year.
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More... (http://www.dr1.com/index.html#9)