He US dollars quoted at the end Average 62.62 Dominican pesoswhich marked a change of 0.51% compared to the previous day’s data, when the value was at 62.30 pesos, it said Dow Jones.
Regarding the last seven days, the US dollars recorded an increase of 0.19%, so it is still up year-on-year 0.76%.
Compared to previous days, two consecutive sessions in positive territory were added. Volatility was 7.76%, lower than the annual volatility (10.8%). Therefore, the price is showing less fluctuations than expected these days.
According to official forecasts, this year appears to be one of relative macroeconomic stability for the Dominican Republic.
The Dominican Republic’s central bank predicts that the local currency will barely lose value over the course of 2025, ending the year at 62.3 pesos per dollar.
In addition, gross domestic product (GDP) is expected to grow by up to 5% this year, driven by domestic demand, investment and tourism.
As for inflation, the Central Bank of the Dominican Republic has not provided a forecast, but has indicated that the factors that will influence its behavior include monetary policy, the international environment, fiscal policy and recent price developments.
However, considering that inflation was around 4% last year, this trend is expected to continue.
The Dominican Peso is the official currency of the Dominican Republic, abbreviated as DOP, and was introduced in 1971 after the dissolution of the gold standard. At first it was called “gold peso” or “Dominican gold peso”.
In 2010, the constitution was amended to state that “the national monetary unit is the Dominican peso”; A gradual replacement of the notes and coins with the old inscriptions of Dominican pesos then began in 2017.
The banknotes currently in circulation are 50, 100, 200, 500, 1,000 and 2,000 Pesos Oros. The 5 and 10 peso notes were no longer put into circulation and were replaced by 5, 10 and 25 peso coins, respectively. Meanwhile, the 500 and 2,000 peso gold notes were issued to mark the 500th anniversary of the discovery of America and the beginning of the new millennium.
It should be noted that all bills bear the phrase: “This bill has dispensing force for the payment of all obligations, public or private.”
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