Dollar Today in the Dominican Republic: Where to Exchange and Where to Sell
The dollar holds steady at banks, but differences between institutions can make a real difference in your pocket. Here's where it pays to exchange today.
Key points
- Bank average: buying at RD$58.54 and selling at RD$61.41, unchanged from yesterday.
- Best buying rate for those selling dollars: RM, at RD$60.60 per dollar.
- Cheapest selling rate for those buying dollars: Cambio Extranjero, at RD$61.10.
The dollar remains unchanged from the previous day in the average rate across banks in the Dominican Republic, with a buying rate of RD$58.54 and a selling rate of RD$61.41. Those looking to sell dollars and receive pesos will find better terms at some exchange agents than at traditional banks.
For those who need to buy dollars, the most favorable offer is at Cambio Extranjero, with a selling rate of RD$61.10. On the buying side, RM pays RD$60.60, the highest figure among the institutions consulted, while Caribe Express, a remittance company, offers RD$59.75 to buy.
Among the banks, Bonanza Banco pays RD$59.50 per dollar to buy and charges RD$61.40 to sell, while Banco BHD and Banesco have the lowest buying rate on the list, at RD$57.95. The savings and loan associations show mid-range figures, such as La Nacional, at RD$59.40 to buy and RD$61.45 to sell.
For consumers, the key is not to settle for the first rate you see. A difference of just a few centavos per dollar can add up when dealing with large amounts, such as remittances or payments abroad.
Why it matters
If you're exchanging dollars for pesos or the reverse, comparing banks, exchange agents, and remittance companies can mean a real difference. Check the rate at the institution where you plan to exchange before you do.