Historical Exchange Rates
Historically, since the first monetary emission in 1948, the peso was worth about the same as a United States dollar.
The exchange rate for U.S. dollar vs. Dominican peso over the last few decades is as follows:
- 1984 $US 1 to RD$ 1.45
- 1993 $US 1 to RD$ 5.00
- 1998 $US 1 to RD$ 8.00
- 2002 $US 1 to RD$ 20.00
- 2003 $US 1 to RD$ 37.50
- 2004 $US 1 to RD$ 41.70
- 2006 $US 1 to RD$ 32.00
- 2007 $US 1 to RD$ 35.29
- 2008 $US 1 to RD$ 34.90
- 2009 $US 1 to RD$ 36.00
In 2004 the peso dramatically plummeted; a single US dollar was worth almost RD$60.00.
Since 2004 the peso has reached a more stable rate of RD$35–39 pesos to 1 U.S. dollar. As of December 2011, there were some RD$50.44 pesos to the euro, or around RD$38.50 pesos to the U.S. dollar.
| Current DOP exchange rates | |
|---|---|
| From Google Finance: | AUD CAD CHF EUR GBP HKD JPY USD |
| From Yahoo! Finance: | AUD CAD CHF EUR GBP HKD JPY USD |
| From XE.com: | AUD CAD CHF EUR GBP HKD JPY USD |
| From OANDA.com: | AUD CAD CHF EUR GBP HKD JPY USD |
| From fxtop.com: | AUD CAD CHF EUR GBP HKD JPY USD |
Read more about this topic: Dominican Peso
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“In the U.S. for instance, the value of a homemaker’s productive work has been imputed mostly when she was maimed or killed and insurance companies and/or the courts had to calculate the amount to pay her family in damages. Even at that, the rates were mostly pink collar and the big number was attributed to the husband’s pain and suffering.”
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