The exchange rate posted at the Jaragua Hotel in Santo Domingo is
27.5
The exchange rate posted at the Jaragua Hotel in Santo Domingo is
27.5
Go to a cambio. Hotels are a rip off
Envios Boya currently has it at 28.10.
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%...Originally Posted by guttaman
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.Originally Posted by guttaman
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
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.Originally Posted by gmalet
You want access to trip reports?
Google Wallet
JDRent97@gmail.com
Thats good. Then it don't matter. I could care less about buying anything else.
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