Todays exchange rate, 2003-July 2008...archive only - Page 4

GringoCArlos · #31 10-31-2003, 08:43 AM

Went back to Atallah in Sto Dgo at 4 pm on Thur - 37.00 to 1 !!

Ken · #32 10-31-2003, 08:54 AM

Yep, I should have waited.

Rocky · #33 10-31-2003, 11:42 AM

At Eurobank in Sosua

Lurch · #34 10-31-2003, 01:52 PM

You should STILL be waiting. No need to run to exchange this is only the continuation of the devaluation.

I'll be on the island tonight and know more by my return on Sunday.

principe · #35 10-31-2003, 03:31 PM

Ok im a finance major, and i was born in dr unfortunately im unable to understand the reason why there is a myriad of rates for one commodity. What the (fill in blank) is going on. Ok the peso is losing value by the minute, but why is there not one solidified rate, instead of a range of rates. I tried asking my aunt who is an accountant and lives in SD but i wasnt satisfied with her explaination. Please elaborate.

Sincerely,

Dazed and confused in jersey

adrianb · #36 10-31-2003, 03:39 PM

37.5

Friday, PM, Vimenca Santiago

ricktoronto · #37 10-31-2003, 06:21 PM

Quote:

Originally posted by principe
Ok im a finance major, and i was born in dr unfortunately im unable to understand the reason why there is a myriad of rates for one commodity. What the (fill in blank) is going on. Ok the peso is losing value by the minute, but why is there not one solidified rate, instead of a range of rates. I tried asking my aunt who is an accountant and lives in SD but i wasnt satisfied with her explaination. Please elaborate.

Sincerely,

Dazed and confused in jersey

Econ 101? Demand is for US$ so the supply of pesos will accommodate whoever wants the US$ more.

In addition, since you are talking retail and not interbank rates, try this experiment - go to a range of US banks, ask to buy euro or CDN$ cash or even money orders and see if you get EXACTLY the same offered rate from each one in NYC or LA, etc. You won't.

Why should it be different in the DR?

Gringo · #38 10-31-2003, 06:44 PM

This evening 5:30
Rusa 37.60

Gringo

Cleef · #39 10-31-2003, 07:03 PM

Someone mentioned that in December the "bills come due" refering to the government having to pay their bills - presumably the ones they actually do pay (loans, interest).

That would leave one to be even more confident in the rise of the dollar value and the continued depreciation of the peso.

More of a question I guess, to people who are closer to this and with more experience.

GirlieGirl · #40 11-01-2003, 11:31 AM

I was very excited to get 37.5 yesterday at RUSA in PP. I am still not cashing in that much, I have never seen it leap so fast day by day. Even Cabarete is up to 34.5

GG