SANTO DOMINGO.- The Central Bank of the Dominican Republic (BCRD) reported yesterday, Wednesday, April 16th of this year, in a statement, that the sale of the dollar was below 60 pesos per unit, highlighting that this appreciation of the Dominican peso improves the purchasing power of households.
The governing body highlighted that this development marks a significant milestone in the country's exchange rate policy. It stated that, according to official data, the average buying rate was 59.55 pesos per dollar , while the selling rate reached 59.83 pesos , representing an appreciation of 2.3% and 2.5% , respectively, compared to the close of December 2024.
In the wholesale market, transactions were reported at around 59.50 pesos per dollar .
The Central Bank highlighted that this appreciation of the Dominican peso improves the purchasing power of households and economic agents who conduct their operations in national currency, by reducing the cost of imports and easing pressures on domestic prices.
He noted that the Dominican peso is currently positioned as the fifth strongest currency in Latin America against the US dollar so far this year.
"This result reflects the confidence of the markets in the Dominican economy and in the monetary policies implemented to maintain exchange rate stability," monetary authorities highlighted.
The Central Bank pointed out that this behavior is even more relevant in an international context characterized by economic uncertainties, high inflation in developed economies and volatility in global financial markets.
