Exchange rate starts to decrease

[Gutter Meat]

The US dollar was being bought yesterday at RD$0.50 less than the closing rate last Wednesday according to El Caribe. In the afternoon, it was being bought between RD$29.50 and RD$30.50 in different exchange agencies, while commercial banks closed with a minimum rate of RD$29.75 and a maximum rate of RD$30.25. The US currency was being sold at exchange agencies for RD$31.00 and RD$31.80 and at banks for RD$31.25 and RD$31.40. The decrease is expected to continue according to the president of the Association of Exchange Agents, Augusto Peignand. The announcement that the Dominican Petroleum Refinery will not be purchasing its foreign exchange on the market has influenced the decrease in the rate.
Listin Diario reports that the US dollar dropped by RD$1.50 in both purchase and sale rates. On Thursday afternoon the US currency was being sold at RD$30.50 and bought at RD$29.75.

[Kevy]

Actually Wednesday I got 30.6 at Judy's. It dropped to 29.6 by Friday.

[ErikS]

I got 30.5 on Saturday (17 Sept) on the street in Sosua. I also took 6,000 DR pesos from an ATM in Satiago that same day. Just checked my bank accont and it converted at a rate of 30.42

30.7 today on the street in Sosua. Note that is with negotiation. Never take their first offer.

The Europa Hotel has had a posted rate of 30 to 1 since I arrived on Saturday.

I'm off to M&M massage now for my 500 peso (approx $16.00) one hour GREAT massage.

Not bad!!!!

[JDR]

With the 10,000 layoffs, things may change.

[the_Jayman]

I want 48 to 1 :twisted:

[JDR]

I want 48 to 1 :twisted:

If I can get 500 peso chicas at 35 to 1, I will be very happy.

[Jthomas]

I want 48 to 1 :twisted:

I am with Jayman....48 to 1 is the way to go. It makes my bar bill so much lighter. Drinks for everyone!

[Jthomas]

With the 10,000 layoffs, things may change.

Are you refering to the sugar cane deal??? That is going to have a big impact on this and other neighboring countries.

[WSJ3]

I was just there and received 31-1 in Santiago...

[guttaman]

With the 10,000 layoffs, things may change.

Are you refering to the sugar cane deal??? That is going to have a big impact on this and other neighboring countries.

I think tourism layoffs.

[Jthomas]

With the 10,000 layoffs, things may change.

Are you refering to the sugar cane deal??? That is going to have a big impact on this and other neighboring countries.

I think tourism layoffs.

OH...I had not seen anything on this. There is going to be massive layoffs in the sugar cane industry with the EU not renewing the deal to buy sugar from the Islands. One of the islands already laid everyone off and closed the government operated plant. I know this is going to have a effect on the Dominicans as well.

[guttaman]

Shit, massive layoffs in the La Vega area 1 1/2 months ago with many companies not following labor laws and hiring more than 20% non DR workers. CAFTA coming into play and fuel prices going up. Over building in Punta Cana with all the non labor $ going to foreign investors. I was at a seminar yesterday for an investment in Punta Cana for a friend of mine as a friend only. No monetary gain for me. It was in a big conference room at the Roxbury YMCA. There were going to be 17 other potential investors at this meeting. My friend was the only investor who showwed up with me in tow. The HARD SELL was pitched before we even had our coffee. All they had was a plot plan and wanted him to go to Punta Cana Next week. He had to pay his own way and fly into SDQ. When i told the dudes there was an airport next door they were annoyed. Then they said they will go to Boca Chica afterwards to sign the deal. Booze and whores. At that point i got escorted out of the meeting for i was the only non brother in a 10 block radius ( i left very peacefully ) and must have hit their con dead on. With tourism hurting and and double the estimated holel rooms being built the DR will always be a cheap place to stay ( minus Airfare ) and anyone looking to invest unless they live there 24/7 is better off investing in CMGI in the year 2000. The exchange rate will go to 35 to 1 when a 1 lb pack of Kraft cheese cost 350 pesos.

[Jthomas]

And how much were they trying to nail you for? Was this some kind of time share they were pushing?

[guttaman]

It was a stage 2 of a 7 stage AI, 12 high end units to be divided to 1/4 shares ownwership in each unit. Most looked good until they pulled the after 30 years the units go back to the corporation. Originally it was a life time ownership but turned into a rebuy after the 30. I was doing my buddy a favor. Everything was in Spanish with Dominican Financing. These fucking dudes did not even have the politeness to take out the KY before trying to fuck him in the ass.

[Kevy]

This makes the guys at the beach trying to drag you to the time share hard sell look decent.

[Jthomas]

I hope they at least gave you free booze and food before they threw you out for being to smart.

[Kevy]

No I never went, the guys are there every day hassling you to go in. They get $10 a head.

[JDR]

Everyone is getting Laid-off. It should say increasing not decreasing.

[Kevy]

Plus the gas shortage and the electrical blackouts are getting longer. THis is just like it was in 2004, all we need now in the peso to decrease in value, something like 50-1.

[JDR]

Plus the gas shortage and the electrical blackouts are getting longer. THis is just like it was in 2004, all we need now in the peso to decrease in value, something like 50-1.

Its bad luck, the gas was not his fault, but at the end, DR was meant to be a Monger Paradise.

[psriches]

i got 30.40 this morning in Santiago

[psriches]

33 in various places

[Tonto4]

Rereading this entire thread was interesting. JDR had it right all along. The peso did drop in value.

Best quote "the DR was meant to be a monger paradise" :D Jimmy you got the "vision thing". Thats why you are THE MAN.

Guttaman is a good guy to have on your side! :D What is "CMGI in 2000" refering to, amigo?

BTW I got 34 to 1 at one point last week in a Santo Domingo cambio. Thats a big increase over the 26 or 27 in the spring.

[Cheeno]

Rereading this entire thread was interesting. JDR had it right all along. The peso did drop in value.

Best quote "the DR was meant to be a monger paradise" :D Jimmy you got the "vision thing". Thats why you are THE MAN.

Guttaman is a good guy to have on your side! :D What is "CMGI in 2000" refering to, amigo?

BTW I got 34 to 1 at one point last week in a Santo Domingo cambio. Thats a big increase over the 26 or 27 in the spring.


Jimmy = Economics Advisor for I.S.O.C. 8)

By the way, you got a very good rate (34 to $1). WOO HOO~~~ :grin:

[Jimmydr]

They have to make the peso pretty or the factories will move and the tourists will go elsewhere.

[DEPUTY DAWG]

I got 34 to 1 in sdg on 10/28/05

[Phoenix]

33.35 today, still than the 28 to 1 I got in August

[Cheeno]

So its between 33 to 34. Not bad. But I want more for my dollar. :D

[BrooklynBeas]

33-34 seems easy to calculate when negotiating... 100 pesos- $3 easy enough for me! :D

[Cheeno]

33-34 seems easy to calculate when negotiating... 100 pesos- $3 easy enough for me! :D

Exactly! :grin:

For example, if you exchange 500 dollars.

500 X 33 = 16,500

So 16,500 -15,000 = 1,500 pesos which is an extra ST for us. :D

So 33 is easier than 30 pesos. :evil:

27.8 pesos to the dollar was hard to calculate. :mad:

[gdogg]

I'll take 35!! Calculating is not an issue for me, but value is...come on THIRTY-FIVE!!!

[Phoenix]

Fuck, dropped again! 32.15 today

[BrooklynBeas]

i havent gotten over 30 for a while now so anything over that is good for me... last trip i got 29.90 i tried to negotiate 30 even but the guy said no! :(

[gdogg]

Fuck, dropped again! 32.15 today

Fuck me! Seven more days anyway!!

[BrooklynBeas]

3 hours and 36 minutes till take off...

Beas has 2000USD for 11 days... hope its enough... :D

Exchanging about 1000 when i land in STI today!

[JDR]

3 hours and 36 minutes till take off...

Beas has 2000USD for 11 days... hope its enough... :D

Exchanging about 1000 when i land in STI today!

Hahaha

I pay for pussy and all I need is $350 for 9 days. Getting it free is really expensive. :D

[ErikS]

Down to around 32 today!

[dukes1963]

I was recently in Boca Chica-Nov 8-16 got 3400 at SDQ airport, went down a little each day-bottomed at about 3200

[Mister NYC]

I had some dollars changed at 34.20 recently in POP.

[Pana]

3 hours and 36 minutes till take off...

Beas has 2000USD for 11 days... hope its enough... :D

Exchanging about 1000 when i land in STI today!

Hahaha

I pay for pussy and all I need is $350 for 9 days. Getting it free is really expensive. :D
I had a friend who spent $1000 per day in the DR like it was nothing 8O and it was not all spent on pussy. DR can be expensive on how you want it to be.

[El Drunko]

DAMN !!!! and I thought I spent alot of money down there. That guy is just insane. Walking a fine line between foolish and stupid.

[Pana]

DAMN !!!! and I thought I spent alot of money down there. That guy is just insane. Walking a fine line between foolish and stupid.
El D money is nothing to him believe me I was shocked when I saw 8O on the 2nd day in the afternoon he ran out of money. He bought with him $1500 for 5 days which is more than enough, shit I was going to be in DR for 19 days and I bought $2000 which I did not spend in all of in 19 days.

[El Drunko]

My opinion stands,,, Thats just crazy. I tend to spend foolishly down there and only go through $2500 in 6 days.

[Pana]

My opinion stands,,, Thats just crazy. I tend to spend foolishly down there and only go through $2500 in 6 days.
I know you spend the majority of your money on :eldrunko: , I dont drink that much when I go down there unlike you. On my friend money is nothing to this guy I really mean it, his family back in the States where sending him $1000 US every day through Western Union each day 8O some peole just have it like that. I can hold my own when I go on vacation Im a single guy with no kids :cool: have my own place, car, and a very good job :D with lots of vaction time.

[the_Jayman]

Blowin $1,000 US a day in the DR for an extended period of time ?

That would be a fun ass week or 2 ! !

[Cheeno]

My opinion stands,,, Thats just crazy. I tend to spend foolishly down there and only go through $2500 in 6 days.

Hey El Drunko :)

Are you including the hotel cost? I hope so. 8O

If not, then more alcohol and women for you~~~ 8) :twisted:

[Beads]

Looks like the exchange rate is going back up!

Source: www.dr1.com today!

For-ex rate goes up again
The dollar-peso exchange rate has started to rise again. Yesterday, the US dollar was selling for RD$33.40, one peso higher than the closing rate last Friday. The purchasing price was between RD$32.50 and RD$32.90. Last Friday, the purchasing price was RD$32.07. Exchange agents were selling the US currency between RD$33.45 and RD$33.50 and the purchasing rate was between US$32.50 and RD$32.90. Commercial banks were selling between RD$33.00 and RD$33.50. The price increase is expected to remain stable for the rest of the week. Meanwhile the Euro was being sold for RD$38.50 and RD$39.00, and purchased for RD$36.00 and RD$36.50.

[Jthomas]

So much for my hopes of 50 to 1 :(

[Beads]

Im hoping for close to 35 to 1 when I get there in 2 weeks!

[Cheeno]

So much for my hopes of 50 to 1 :(

I also want 50 to 1!!! :rcry:

[psriches]

What rates are you guys getting down there?

[Escort_King]

The dollar is going up against most currencies right now and is expected to continue through the week.

[Escort_King]

I will be happy if it is 33 or over.... every peso is a 2000 peso swing for what I get to spend....

Couple of free sessions or one overpriced TLD

[Cheeno]

I will be happy if it is 33 or over.... every peso is a 2000 peso swing for what I get to spend....

Couple of free sessions or one overpriced TLD

Very good point. A free LT. :evil:

[Kevy]

I got 32.8 yesterday. Judy's still open.

[Beads]

I see the rate posted on the internet as around 32 or 33 to 1. Anyone have any input from locally on the ground there what and where the best rate currently is?

[hurricanepete]

i'm new to the site and am planning an upcoming trip to DR. being that the rate is somewhere in the low 30's to 1 USD, am i reading right that the rate of 1000-2000 DR for a pop is $35-75 USD? i'm trying to get a handle on what our budget will be for hobbying while in DR. thanks for any assistance.

[whynotme]

thats right
35usd for short time 2to3 hours is an average cost. some get it a lot less some pay a lot more

[hurricanepete]

thanks for the reply whynotme!

[Jimmydr]

Welcome to ISOC and get involved.

[Cheeno]

i'm new to the site and am planning an upcoming trip to DR. being that the rate is somewhere in the low 30's to 1 USD, am i reading right that the rate of 1000-2000 DR for a pop is $35-75 USD? i'm trying to get a handle on what our budget will be for hobbying while in DR. thanks for any assistance.

Welcome to I.S.O.C. :)

Where in the DR will you be visiting?

[Apos]

welcome aboard HP...where have you travelled before?

[Jimmydr]

32.50 in Sosua, Paypal 32.57 :D

[lonesoul]

I got 32.80 yesterday at the place next to City Hall

[whynotme]

thats good for us canadians as well
thats what 26.8 for our dollar

[hurricanepete]

thanks for the welcome everybody. i've been to costa rica twice in the past year, once in jaco and once in tamarindo, but this will be my first trip to DR. we're planning on staying in the puerto plata area with a group of 12. if anyone has any suggestions on rental villas or houses near the beach that don't mind hobbying, i'd appreciate the input. i am definitely in the information gathering stage, but i'm looking forward to the trip in february. thank you for any help you all can lend me.

hurricanepete

[Cheeno]

thanks for the welcome everybody. i've been to costa rica twice in the past year, once in jaco and once in tamarindo, but this will be my first trip to DR. we're planning on staying in the puerto plata area with a group of 12. if anyone has any suggestions on rental villas or houses near the beach that don't mind hobbying, i'd appreciate the input. i am definitely in the information gathering stage, but i'm looking forward to the trip in february. thank you for any help you all can lend me.

hurricanepete

This site is the best site to find info. on the DR. :grin:

So you plan to go in a group of 12?!?!? So it will be you and 11 other girls? :twisted:

[Apos]

http://finance.yahoo.com/currency/convert?amt=1&from=USD&to=CAD&submit=Convert
http://ichart.finance.yahoo.com/1y?usdcad=x
http://finance.yahoo.com/currency/convert?amt=1&from=CAD&to=DOP&submit=Convert
http://ichart.finance.yahoo.com/1y?caddop=x

hmmm...won't show the chart as a pic...wonder why?