Rate of exchange - 4/15/04 - 8/31/04.

[Jthomas]

WHAT IS THE CURRENT RATE OF EXCHANGE FROM US DOLLAR?

[Apos]

http://www.oanda.com/convert/classic

[Jimmydr]

WHAT IS THE CURRENT RATE OF EXCHANGE FROM US DOLLAR?

About 44 to the dollar. :)

[Mister NYC]

My chic got 45 pesos to the dollar today.

[nomad]

Out of curiosity, anybody try to BUY DOLLARS lately in the bank?

[Jimmydr]

My chic got 45 pesos to the dollar today.

I got 44.6 @ Judys now. :D

[psienk]

Am I going to get ripped off if I exchange at Blackbeards?

[nomad]

NO.
Most hotels will make 1/2 a peso off you.
Considering the Peso was 20/USD a year 1/2 ago.....whats the differance of 1/2 a peso on $100 USD? 50 pesos............a whole Dollar!
Enjoy the Trip, and don't worry about nickels and dimes.

[psienk]

Thanks ebo

[Jimmydr]

NO.
Most hotels will make 1/2 a peso off you.
Considering the Peso was 20/USD a year 1/2 ago.....whats the differance of 1/2 a peso on $100 USD? 50 pesos............a whole Dollar!
Enjoy the Trip, and don't worry about nickels and dimes.

Today its 43-43.50

[Gutter Meat]

Rate is now up to 45.5 as of May 1st !!!

[Gutter Meat]

It's on the rise again 47.1 =$1 us as of May 14

[tampabukkake]

49 to 1 today, but you will se a fluctuation during the day due to elections. Monte Cristi tommorrow with chica for election weekend. I love this country, Monday is also a national holiday. There is a reason to party here every week. If we conducted elections the way they due here, we would be making love not war! Shit music blasting chicas dancing and brugal a flowing!

[Jthomas]

I GOT 47 IN POP, WAS GOING FOR 45 IN SOSUA

DON'T EXCHANGE AT BLACKBEARDS UNLESS YOU HAVE TO. THEY OF COURSE ARE GOING TO MAKE MONEY ON IT. ABOUT 5 POINTS FROM THE GOING RATE.

[Mister NYC]

Today hit 49 pesos to the dollar.

[Gutter Meat]

Now up to 48.8=$1.00 as of 6/5/04 :D

[Shadow Dweller]

Showing online at 48.1 to 1.

[the_Jayman]

I got 48 to 1 on 6/19 (Saturday) - Looked like it was still 48 to 1 on Monday

[BrooklynBeas]

i took home 9000 pesos last trip with me ... hopefully the rate wont go up much more then 50 till i spend my 9000

i heard rumors that the rate will drop a lil when Leonel takes over officially and then will go back up when the people realize he doesnt fix anything and the country will always be poor and corupt

[Don Tomas]

According to the DR1 thread the rate has dropped from 48 to 46 the last couple days. Any thoughts?

Finance Yahoo has 44.50

[Andy]

Yesterday in Bavaro was 46,0
today in Boca Chica 44...44.5 only

[RickRock]

It always drops on Sundays slightly as well..

[Jimmydr]

Current exchange rate is 45.20 to the dollar.

[Jimmydr]

Current exchange rate is 45.20 to the dollar.

[Andy]

Current exchange rate is 45.20 to the dollar.


45.60 in Boca Chica this morning

[Jimmydr]

The peso was 46.15 at Judys.

[gdogg]

Goodness!! It's going down. I thought it was supposed to be going up for a while.

[JD]

From a source inside the banking industry, within the next few months
the exchange rate will rise to 60-1, then artificially be brought back
down.

Eyes Wide Open

[BrooklynBeas]

how good is this source and when does your source think it will peak and go back down?

[Macky]

I will second what JT says. DO NOT change money at Blackbeard's. David shorted me 7 pesos per dollar.

[Jimmydr]

I was in Jarabacao and they subtract 3 points from the current exchange rate. Its how they do business there.

[Macky]

I wasn't happy about getting 27 pesos when the OANDA rate was 34. I normally wasn't having a problem with that sort of stuff, at the cambio places in Boca and at the Europa in Sosua I got the same rate as OANDA.

[Don Tomas]

Tuesday 3pm, 20 July, Sto Dgo cambio, 45.00 for my USD. Going uupPP!!

[gdogg]

Yeah baby, YEAH!!
:lol: :lol: :lol: :lol: :lol: :lol:

[Babyboy31]

That is good....I was starting to get worried....I only have 1 1/2 to go before my trip.

[Don Tomas]

Here is a place we know better...


Today 10 am at Judys in Sosua 45.20 per US Buckarooski

PS. This was written last night so "today" = Tuesday, but still on an upward trend!

[Magnum]

Don Juan,

You still down there?

Lucky Dog!!

[Don Tomas]

Don Juan,

You still down there?

Lucky Dog!!

No I only wish I was, 43 days and counting. I just read about 10 DR related boards a day. The quote above is from the Exchange Rate thread on DR1.

[Shadow Dweller]

43 Days!! is it really that far away? :cry:

[Magnum]

13 days and counting for me.

I hope it keeps going up up up......

I do not know if they sell it down where you are but I buy some Presidente's to drink to get my fix of the DR.

[Don Tomas]

13 days and counting for me.

I hope it keeps going up up up......

I do not know if they sell it down where you are but I buy some Presidente's to drink to get my fix of the DR.

They sell it for about $10/12 of pequeño Presidentes. Of course I did bring back 4 grandes and a bottle of Brugal extra viejo. Of course that has been drank since I met a nice Dominicana working in one of the local establishments down here in Tampa. Maybe that calls for a trip report...


43 Days!! is it really that far away? :cry:

42 days, 23 hours, 39 mins.
1,031 hours
61,897 minutes
3,713,846 seconds

http://www.timeleft.info/

[BrooklynBeas]

13 days and counting for me.

I hope it keeps going up up up......

I do not know if they sell it down where you are but I buy some Presidente's to drink to get my fix of the DR.

They sell it for about $10/12 of pequeño Presidentes. Of course I did bring back 4 grandes and a bottle of Brugal extra viejo. Of course that has been drank since I met a nice Dominicana working in one of the local establishments down here in Tampa. Maybe that calls for a trip report...


43 Days!! is it really that far away? :cry:

42 days, 23 hours, 39 mins.
1,031 hours
61,897 minutes
3,713,846 seconds

http://www.timeleft.info/



If you fucked her then tell us what happened!!!!

[BrooklynBeas]

In Santiago in a park I received 44.70 on Saturday
In Sosua the rate on the signs in front of the cambios was 43
On the street near PJ's in Sosua the guys were offering 44.40 on Sunday morning..

BkBeas Update

[Gutter Meat]

Well as of 8/22/04 the exchange rate is now 39.5 to $1 us. Maybe the new President is making an impact already. I just hope prices moderate with the exchange rate.

[Summit]

The low dollar to RD$40 and petroleum follows in rise 3:38:00 A.M.
The industralists call to the authorities and the society to reduce to the use of products and goods that depend on petroleum



Santo Domingo. The dollar followed yesterday its tendency towards the loss and its sale in commercial banks and agencies of change was placed in RD$40 by one, a reduction of more than 250 points in only two days.

Nevertheless, this good news is dimmed by the increase that registers the petroleum, whose quotation yielded a little yesterday, when it closed to USS47.86 in the market of New York.

The National Council of the Privada Company (Conep) expressed satisfaction by the reduction of the dollar, and at the same time he suggested to the new authorities and the population in general who initiates a process of reduction of the product consumption that depends on petroleum.

The commercial banks of the country bought the dollar to an average of RD$37.50 by one, whereas the sale made the rounds between RD$39.70 and RD$40.30, for an average of RD$40 by one.

The report of the Central bank indicates that the average of purchase of dollars by the commercial banks and the agencies of change yesterday era of RD$38.48, and the sale to RD$40.45 by one.

"We would have to be thinking about measures of austerity in the consumption of petroleum, simultaneously that we exhorted to all the Dominican ones to that we reduce the consumption of everything what depends on petroleum", it indicates an official notice of the enterprise sector.

The Conep called to eficientizar the transport, to improve the energy provision "so that we do not shoot the petroleum consumption in the country".

Expectations

The economic agents attribute to the stability expectations the reduction of the rate of change, but they stay cautious, because the abrupt reductions of the rate do not stay generally in the long term and soon unexpected rises are registered

[Jimmydr]

It was 37 at Judies and 36 on the street yesterday.

[BrooklynBeas]

That fuckin sucks.... to think i got 49 on Memorial day weekend 44 3 weeks ago and its in the mid 30's now... are the chica prices changing with the rate or no... whats up with the Palace chicas... are they still asking 1500? any change of price in Passions???

[MisterPink]

These girls have no clue about the Peso/USD fluctuation.
It took 2 years for them to go from RD500 - RD 1000 for a ST!

[Sexforless]

These rates changes dramatically ona daily basis. Last Wednesday it was 42 to 1 now it is 35.5 to 1. That is about 20% drop in a week. I am thinking about ending my trip early. This is bullshit. :(

[gdogg]

This is the first week of Leonel's administration. I don't it'll be this crazy for long.

[continentalmike]

how about keeping as fixed dollar price?

[BrooklynBeas]

all i know is i had 9000 pesos left over from my memorial day trip... i spent it all plus more on a weekend trip 3 weeks ago... now i only have about 3000 left over from the past trip... i wish i would have bought more for my next trip in 3 1/2 weeks...

How low do you guys think the rate can drop to before it goes back up?
Of course this is opinion mostly but what do you think?

My guess is around 30 to 1 usd then back up to around 40 in a month or so...

[MisterPink]

Its not going to stay down at these levels.
Don't forget NONE of the electric bills have been paid yet.
The only reason the Peso is down here below 40 is the government has not purchased dollars in a few months to pay ANY bills, hence no power.

It has been said that $RD40/USD may be a realistic longer term goal, certainly not $RD30.

[Jimmydr]

Electric is on about 20 hours a day now for the last few days.

[the_Jayman]

It has been said that $RD40/USD may be a realistic longer term goal, certainly not $RD30.

Boy, I sure hope so. 3 weeks from Saturday and I sure hope I get better then 32 or 34 to one.

[BrooklynBeas]

If i get 40 to 1 on sept 17th ill be happy... it would be great if i can get 45 by the week of thanksgiving... but 40 would be OK for that as well...

[Don Tomas]

Curiously in most markets the Bid price is 36.50 but the Ask is 45. Something is odd.

[continentalmike]

I think the govn is hoarding dollars at a cheap rate to pay of some bills.. you will see a change back to 40-45 imo pretty soon.. this is all speculation!

[the_Jayman]

Jimmy's cranky . . .


. . . but if anyone can get it for 450 pesos, toda al noche, it's him so don't worry ! !

Hell, I bet those chicas at Passions are payin him to take the pictures ! !

GO JIMMY GO ! ! !

[Gutter Meat]

The rate droped again. It seems like everyday it drops 1 peso. I hope prices drop too.

[BrooklynBeas]

The Rate is 38.44 on Oanda.com today and
you can send $$ with a rate of 37 today on Enviosboya.com....

whats the rate in Sosua, Jimmy?

[Jimmydr]

37 pesos to the dollar. :(

[Don Tomas]

37 pesos to the dollar. :(

Have you seen any drop in prices even at restaurants with the prices in ink?

[Don Tomas]

Finance Yahoo is stating a BID price of 38.50 (up 2 points from yesterday), note the ASK is still 45.

[MisterPink]

YAHOO Finance is pretty much useless.
This site is dynamic and usually on the money!
If there are NO dollars for sale , they do not show an offering.


http://www.agentedecambioboya.com/tasas_cambio.asp

[seedGarden]

Hey Guys... I am leaving today, should I just wait till I get there or should I use a wire service at $38?

[MisterPink]

NO WAY!
The rate changes every day.
Just bring exact change $15 USD for a cab and change at Judy's on Calle Ayuntimiento, make a right past SUPER SUPER liquor store when you arrive. have a great trip.

[BrooklynBeas]

Hey Guys... I am leaving today, should I just wait till I get there or should I use a wire service at $38?

Wouldnt you have to pay a Wire fee... even if you dont its not worth the hassle to save 1 peso on a dollar but im sure there is a wire fee... enviosboya.com is like 5 bucks on every 100 sent..

[MisterPink]

KISS = "Keep it simple Stupid."

It will be above 40 by next week!
Why bother wiring money.
Just another thing that can go wrong.

Also who really cares?
It really only matters if you are swapping 5- 10 GRAND $USD.
For a ten day trip Just swap a hundred or two if it is higher.
Worry about how many asses you tap in a day not whether you got 38 or 40 PESOS/USD! Remember it's vacation!

[Don Tomas]

YAHOO Finance is pretty much useless.

True Yahoo doesn't reflect street conditions in the DR but it does tell the real world market rate which you can use to see trends.


Just bring exact change $15 USD for a cab and change at Judy's on Calle Ayuntimiento, make a right past SUPER SUPER liquor store when you arrive. have a great trip.

Actually stop in at Super Super first, they sometimes offer the highest rate based on need, all that American liquor in there is not bought with pesos. :D

[MisterPink]

The Algerian owner likes greenbacks!
He does give a great rate.
Kinda scary that Banco Progeso pays him rent.

[gdogg]

Last week when the rate was 40, he gave me 41.

[Don Tomas]

This afternoon Puerto Plata Rusa today Wed. 39.00 4:30pm.


Time to ride the rollercoaster!

[BrooklynBeas]

Oanda.com - 37.067
Enviousboya.com - 38.5

[Gutter Meat]

Its starting to make a turn for the better 39 to $1 us :D

[Gutter Meat]

I'd like to know what are the main factors effect the exchange rate ?

[BrooklynBeas]

Its starting to make a turn for the better 49 to $1 us :D

HuH? do you mean 39?

Id Like to change 3000 USD right now at a 49 to 1 rate!

[Sexforless]

Does anyone know how I can trade currencylike you do stock on a stock exchange? :twisted:

[MisterPink]

http://fxtrade.oanda.com/

Try the Demo account first!

[Gutter Meat]

it's now at 35 to $1 us. I'd never thought it would drop this fast with the new President. Doesn't anyone know if general prices are dropping too?

[WSJ3]

it's now at 35 to $1 us. I'd never thought it would drop this fast with the new President. Doesn't anyone know if general prices are dropping too?

Well Gutter Meat:

My buddy from just returned from Sousa this past Sunday and since he knows that my trip is next month he gave me the lowdown.

Prices are continuing to rise, and unemployment is a problem (big surprise there) The new President was in office before and based on his previous track record the pesos has strengthen against the dollar.

This is a good thing, because it will promote tourism which in turn will bring money to the country and make the world a better place for everyone.

:twisted:

But seriously, these people need to catch some type of break. I would feel better if the new president improved the economy. Then there would be less mafioso hombres out there snatching our cameras and camcorders in effect ruining our vacations.

[Don Tomas]

Prices are continuing to rise, and unemployment is a problem (big surprise there) The new President was in office before and based on his previous track record the pesos has strengthen against the dollar.

This is a good thing, because it will promote tourism which in turn will bring money to the country and make the world a better place for everyone.

I am not an economist but how would the peso strengthening AND prices rising help promote tourism?

[Jimmydr]

it's now at 35 to $1 us. I'd never thought it would drop this fast with the new President. Doesn't anyone know if general prices are dropping too?

Regular prices were raising last week when I was there.

[WSJ3]

Prices are continuing to rise, and unemployment is a problem (big surprise there) The new President was in office before and based on his previous track record the pesos has strengthen against the dollar.

This is a good thing, because it will promote tourism which in turn will bring money to the country and make the world a better place for everyone.

I am not an economist but how would the peso strengthening AND prices rising help promote tourism?

There is one in every group.

OK Don imagine a country that is stronger and standing on its own two feet financially. Where the populace has employment and the power is not shutting down every 10 minutes.

In a perfect world don't you think that people that want to explore a caribbean island that fits this profile might me more apt to select this utopia as a vacation spot?

Its rhetorical...please don't add your 3 cents.

[Don Tomas]

OK Don imagine a country that is stronger and standing on its own two feet financially. Where the populace has employment and the power is not shutting down every 10 minutes.

In a perfect world don't you think that people that want to explore a caribbean island that fits this profile might me more apt to select this utopia as a vacation spot?

Adding my 2-3 cents anyway, I look at it this way. Most people from the US who go to the Caribbean go to AIs. Face it most Americans consider Europe the 3rd world if the bathroom is down the hall rather then in your room. The only appeal the DR has right now as far as AIs go is the lower cost due to the economy right now. Now if prices and wages go up in the DR why would any average American take his family to the DR when he can pay the same to go to a more established AI resort in say St. Thomas or even the creme de la creme in the Caribbean, Atlantis in the Bahamas?

If you are paying top rate prices then you expect a top rate experience. As for exploring sadly most of the AIs don't ever leave the resort and if they do it's in a bus with 20 other tourists. Heck people here have posted about concerns that Haiti is a neighbor when the fighting was going on, what do you think the typical family of 4 from suburbia is thinking about visiting the DR with Haiti next door?

Sorry but I disagree the improved economy and higher prices will kill tourism in the Dominican Republic.

To top it all off most of the money that the family of 4 from suburbia pays to visit an AI doesn't even stay in the host country, it goes back to the offshore owners.

Read the reports from travel agents on the DR, they don't comment on how beautiful the country is, but rather the low prices.

As for the DR ever standing on it's own two feet sadly there are several factors against that.

1. The Dominican Republic has no major natural resource that can be exported. (Amber doesn't really count and you can only grow so many Avacados) As far as Tobacco goes, besides the fact that smoking is so taxed and looked down upon, if we ever trade with Cuba again I doubt you could even find a DR cigar in the states after that.

2. They have a labor force but after 2006 (or is it 2007) the trade restrictions with China get lifted and the Free Zones in the DR will become ghost towns! Even with shipping the longer distance GAP, Levi's, etc. can make their clothing in China for 60% of the cost vs. the DR. They have already started discussing this upcoming "doom's day" on several boards.

3. Even with the new & improved government there will always be corruption, maybe not at the tourist level but the standard way of doing things the Dominican way will never change.

4. Other outside (close by) resources are shared by many other nations. Such as fishing.

I am a liberal but as I grown older I have become a realist. They are an island with no major natural resource, unless someone find oil in them hills they will have to depend on small resources in & out and tourism. Also as I have mentioned with tourism the DR is late to the starting gate compared to other Caribbean islands and the only saving grace is the prices...

PS. Not sure what you meant with "There is one in every group." but please don't expect a comment like "In a perfect world..." to suffice because we know it ain't perfect. I gave several valid reasons why you can't get something for nothing and how it affects the DR. Maybe in the perfect world you can but again it ain't perfect...

[WSJ3]

We don't have to go back and forth with this Don.

And the one in every group was meant as a good natured jab.

Let's agree to disagree. I could put out my CIA fact finding sheet as well and give you stats that would validate my point of view.

By the way I do have a degree in Economics/Finance.

In my opinion an improved economy would be better for the country overall.

You disagree and that is fine. That's what makes America the great country that it is.

FREEDOM OF SPEECH.

Now that is settled. Let's talk about PUSSY
:twisted:

[Don Tomas]

Fair enough, just for the record.

I do agree with you that a stronger economy would make the Dominican Republic a better place. How it will effect tourism is where we disagree and if the economy will ever recover.

[Don Tomas]

Now that is settled. Let's talk about PUSSY

By the way it's called TOTO here!

I just love to argue ask BB... :twisted:

[MisterPink]

I always think of Dorothy's dog in The Wizard of Oz!

[Don Tomas]

I always think of Dorothy's dog in The Wizard of Oz!

Hence my Avatar, here is the full sized picture unmodified, they sell it on a T-Shirt at http://www.kansasoz.com.

http://www.kansasoz.com/ivantshirt010.jpg

[BrooklynBeas]

I always think of Dorothy's dog in The Wizard of Oz!

Hence my Avatar, here is the full sized picture unmodified, they sell it on a T-Shirt at http://www.kansasoz.com.

http://www.kansasoz.com/ivantshirt010.jpg

Nice to see what the dogs collar says... I never knew it was Toto... but now I know why you have that dog as your avi. It's nice to see Donald arguing with someone else... keep it going guys dont stop now... hehe :D

[WSJ3]

Exchange rate indicators: The following figures are included as a guide to the movements of the Dominican Peso against Sterling and the US Dollar:


Date Nov ’03 Feb ’04 May '04 Aug '04
£1.00= 62.09 90.28 80.91 72.77
$1.00= 37.15 49.60 45.30 39.50


:P

[WSJ3]

As of 9:16 am New York City Eastern Standard Time:

Thursday, September 9, 2004

1 US Dollar = 36.59200 Dominican R. Peso
1 Dominican R. Peso (DOP) = 0.02733 US Dollar (USD)

Median price = 35.39700 / 36.59200 (bid/ask)
Minimum price = 34.27000 / 35.46300
Maximum price = 35.39700 / 36.59200

:!:

[BrooklynBeas]

As of 9:16 am New York City Eastern Standard Time:

Thursday, September 9, 2004

1 US Dollar = 36.59200 Dominican R. Peso
1 Dominican R. Peso (DOP) = 0.02733 US Dollar (USD)

Median price = 35.39700 / 36.59200 (bid/ask)
Minimum price = 34.27000 / 35.46300
Maximum price = 35.39700 / 36.59200

:!:

37.00 today on www.enviosboya.com

[WSJ3]

As of 9:16 am New York City Eastern Standard Time:

Thursday, September 9, 2004

1 US Dollar = 36.59200 Dominican R. Peso
1 Dominican R. Peso (DOP) = 0.02733 US Dollar (USD)

Median price = 35.39700 / 36.59200 (bid/ask)
Minimum price = 34.27000 / 35.46300
Maximum price = 35.39700 / 36.59200

:!:

37.00 today on www.enviosboya.com

Its just a matter of rounding the integer up.
8)

[Don Tomas]

As of 9:16 am New York City Eastern Standard Time:

Thursday, September 9, 2004

1 US Dollar = 36.59200 Dominican R. Peso
1 Dominican R. Peso (DOP) = 0.02733 US Dollar (USD)

Median price = 35.39700 / 36.59200 (bid/ask)
Minimum price = 34.27000 / 35.46300
Maximum price = 35.39700 / 36.59200

:!:

37.00 today on www.enviosboya.com

37.60 in Sosua today, Scotiabank

[BrooklynBeas]

If it happens to get up to 40 on the streets of DR by next Friday im happy... Thats what im hoping for right now

[Don Tomas]

If it happens to get up to 40 on the streets of DR by next Friday im happy... Thats what im hoping for right now

37.70 still going up...Puerto Plata, Rusa, 8am Thursday

[WSJ3]

If it happens to get up to 40 on the streets of DR by next Friday im happy... Thats what im hoping for right now

37.70 still going up...Puerto Plata, Rusa, 8am Thursday


Live mid-market rates as of 2004.09.10 17:37:11 GMT.

1.00 USD United States Dollars =35.6500 DOP

Dominican Republic Pesos 1 USD = 35.6500 DOP
1 DOP = 0.0280505 USD

[MisterPink]

http://www.agentedecambioboya.com/tasas_cambio.asp

http://www.bancentral.gov.do/tasas_cambio/TMC4001.PDF

The top link is an actual Cambio in RD.
The bancentral is The Dominican Federal Reserve site!


$37 as we speak!

[BrooklynBeas]

http://www.agentedecambioboya.com/tasas_cambio.asp

http://www.bancentral.gov.do/tasas_cambio/TMC4001.PDF

The top link is an actual Cambio in RD.
The bancentral is The Dominican Federal Reserve site!


$37 as we speak!


More important then all these sites of different quotes of rates..is the rate that Judy is giving in Sosua at the given time... cause thats where most of us get our cambio at!

[MisterPink]

Add a Quarter point to Envios!
Judy always beats the othe cambios.

Beas, you know you can always change money in Washington Heights if the peso should go to 45 for a day or 2!

[BrooklynBeas]

Add a Quarter point to Envios!
Judy always beats the othe cambios.

Beas, you know you can always change money in Washington Heights if the peso should go to 45 for a day or 2!

Dont tempt me Lechero... I work only about 6 miles from there in Midtown... if I could do it I would...

[Don Tomas]

37.6 for 1US$. Sosua, Cambista Mapello

Not sure why he didn't shop around probably higher at Judy's.

[WSJ3]

Current rate of the peso

Tuesday, September 14, 2004

1 US Dollar = 36.36700 Dominican R. Peso
1 Dominican R. Peso (DOP) = 0.02750 US Dollar (USD)

Median price = 35.19100 / 36.36700 (bid/ask)
Minimum price = 35.19100 / 36.36700
Maximum price = 35.19100 / 36.36700

[Jimmydr]

Version #1 Closed :D :) :( :o