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View Full Version : Exchange Rate July 31 , 2005


ajax718
07-31-2005, 12:06 PM
The exchange rate posted at the Jaragua Hotel in Santo Domingo is

27.5
guttaman
07-31-2005, 12:08 PM
Go to a cambio. Hotels are a rip off
gdogg
07-31-2005, 12:15 PM
Envios Boya currently has it at 28.10.
guttaman
07-31-2005, 12:21 PM
The street might get you an extra point or wait until monday morning. 27.5 is terrible.
Reel Deal
07-31-2005, 02:49 PM
The street might get you an extra point or wait until monday morning. 27.5 is terrible.get used to it; it's not very likely to exceed or be lower than that # by more than 10%...
guttaman
07-31-2005, 03:06 PM
RD, i am going to open a Bank account in the DR. Peso account has a better rate but US money account seems to hedge better when the peso goes loco. You have the most knowledge on economics and the DR. I like to gamble but have been told to open a dollar account at Scocia bank for it is the safest. Any wisdom on this subject?
Reel Deal
07-31-2005, 05:01 PM
RD, i am going to open a Bank account in the DR. Peso account has a better rate but US money account seems to hedge better when the peso goes loco. You have the most knowledge on economics and the DR. I like to gamble but have been told to open a dollar account at Scocia bank for it is the safest. Any wisdom on this subject?Use a bank with a US/Canadian alliance.

If you open a dollar account, you can more easily play the exchange rate game.

With the peso stable, you might consider putting some pesos in a CD; the rate is higher than the dollar CD's.

If I chose to open DR bank accounts, I'd split my money into something like 65% in dollar CD's, 35% in peso CD's. That makes a good diluted, hedged mix.

Just keep in mind DR banks are NOT as safe as US banks.

Caveat Emptor
gmalet
07-31-2005, 08:54 PM
I'm glad I hung on to a few thousand pesos on my last trip. I got them at 32. Since last November I have not seen the Peso go above 30. Hopefully the price of pussy goes down.
Jimmydr
07-31-2005, 09:29 PM
I'm glad I hung on to a few thousand pesos on my last trip. I got them at 32. Since last November I have not seen the Peso go above 30. Hopefully the price of pussy goes down.

Hell yea, it dived. :D
gmalet
08-01-2005, 07:56 AM
Thats good. Then it don't matter. I could care less about buying anything else.