For anyone currently in the DR

Can you tell me what the current exchange rate is for $1.00 US?
I looked at several currency converters on the web and got from a low of RD15.3 to a high of RD17.2.

Can someone please tell me the correct rate. (No guesses please)

16.60 to 16.75

I just changed a $100 bill US. got 16.9.

The Official exchange rate from Banco Central is now 16.97 - they raised this rate from the prior official rate of 16.66 this month.

The rate I received in my cambio for US cash this week was 17.05.

Bancredito sells pesos for US dollars for 16.80.

Most tourist hotels or all-inclusives will give you about 16.30.

Buena suerte.

As GringoCarlos stated there are three exchange rates in the DR. The Central bank rate which is announced every Tuesday in Listin Diario. The commercial bank rate. Each bank sets it's own rate but this is dominated by some of the larger banks especially Banco Popular. There is then the out of bank rate which is usually the best rate. Included in this are remittance companies like Western Union and foreign exchange bureaus to the guy on the corner.

Would I get a better rate at the airport or a cambio in SD?

I have been told that the best rate of all is at an office of Caribe Tours. The person who told me that had patronized the one in Mao.

I think he said that he got 17.05 a couple of weeks ago.

I find the best rates to be had (that are reputable)to be Western Union, they are very close to the best rates anywhere, and if you are changing less than one Thousand US the difference is very minimal. Forget about the Airports....this has been my experience anyways!

Go to any Casa de Cambio, they are all legal and will give you a receipt. Right now you have to get a tad over 17 if selling dollars and 17.15 if you are buying, Anything much less and you are getting ripped off. Stay away from hotels or Banks for exchanging. If you can find a Banco de Santa Cruz you will get the better deal. Especially if in Santiago.

HB