Todays exchange rate

[Criss Colon]

It shows that the exchange rate has exactly "Doubled" in the last 12 months!!! All those "Financial Wizards" who tell us about the high interest rates they are recieving here in the DR,could have made 100% on every dollar they left in the USA,and brought down now to exchange,Like I did!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

PS,35.5 to 1 here in Santo Domingo today!37 in the streets of "Los Mina"!!!!!!

The "Rate" has been starting lower on Mondays,and climbing till Friday afternoon.I was "changing when the rate topped 35 to 1,but now I will TRY to hold out for 36,or 37,to 1!!!!!!!!!!!!!

[Escott]

Originally posted by Criss Colon
It shows that the exchange rate has exactly "Doubled" in the last 12 months!!! All those "Financial Wizards" who tell us about the high interest rates they are recieving here in the DR,could have made 100% on every dollar they left in the USA,and brought down now to exchange,Like I did!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

PS,35.5 to 1 here in Santo Domingo today!37 in the streets of "Los Mina"!!!!!!

Yo Bucko, before you get yourself all in a tither, please remember that some of us KEEP our monies in US$ and still get a decent rate of return.

Some like to think that they do better in Pesos but not all of US brudda.

So I don't get 36% but I do get 15% and happily

Scott

[Criss Colon]

Who has a working relationship with what may be the only honest Dominican in the "Financero" business! Cris

And I Hope to see him in November at "Thanksgiving"!!!

[Escott]

I have taken pride in finding the needle under a haystack

He will be there for turkey!

I get in next week. I will give you a call.

Scott

[adrianb]

Are the rates posted here:

http://www.bancentral.gov.do/tasa_cambio.html

reflective of what people are getting on the street?

[Rocky]

Hi Adrian,
I use that website all the time to monitor if I'm getting a fair exchange here in Sosua.
I have found that I can usually get a few points higher than the "agentes de cambio" column, under "efectivo"
Right now it shows 35.78 and we are getting 36.30 at the Eurobank near Eddy's.
Marco.

[Island Treats]

36.50 TO THE $1----VIMENCA--

[GringoCArlos]

Sto Dgo - 36.70 Atallah - Thur am

[Ken]

36.80 at 1pm at Vimenca in Sosua today Thursday.

Thought about waiting to see what tomorrow brings, but then decided I might not like it as well as today's rate.

[Criss Colon]

Hope it gets there tomorrow!!!

Won't this post seem funny next April when we are getting 50 to 1!!!At this rate my US Dollar pension is reaching the point in pesos, where I have no reason to keep working here!!!CC