Currency Rate
Dominican Peso to USD
Our Currency Rate DOP latest updates allow you to track real-time exchange rates effortlessly. By accessing and analyzing accurate and current data, you'll stay informed on the DOP. We provide comprehensive information to meet all your financial needs effectively.
Buying rate
DOP 0.015787
Selling rate
DOP0.018773
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The Dominican peso (symbol: $; code: DOP) is the official currency of the Dominican Republic.
Currency Details
- Country code DO
- Symbol DOP
- ISO Code DOP
- Subunits 1 Peso = 100 Centavos
Coins
- 1 peso
- 5 pesos
- 10 pesos
- 25 pesos
Banknotes
- 20 pesos
- 50 pesos
- 100 pesos
- 200 pesos
- 500 pesos
- 1000 pesos
- 2000 pesos
The Dominican Peso, commonly abbreviated as DOP, is the official currency of the Dominican Republic. Known locally as the "peso," the DOP is symbolized as "RD$" or "RD$." Introduced in 1844, the Dominican peso replaced the Haitian gourde and has since been the country's primary currency.
History and Background
The Dominican Peso was introduced in 1844 after the Dominican Republic gained independence from Haiti. It has undergone several reforms and changes throughout its history to maintain economic stability.
Economic Significance
The DOP is integral to the Dominican Republic's economy, facilitating trade, investment, and economic development. The country has a diverse economy, with key sectors including tourism, agriculture (particularly sugar and tobacco), manufacturing, and services. The Dominican peso's value is influenced by various factors, including tourism revenues, remittances, and global market conditions.
Usage and Exchange
The DOP is widely accepted across the Dominican Republic for all transactions, from everyday purchases to significant business deals. For visitors and expatriates, exchanging foreign currency for Dominican pesos is straightforward, with numerous exchange bureaus, banks, and ATMs available throughout the country. Major credit cards are also widely accepted, ensuring convenience for international travelers.
Conclusion
The Dominican Peso is more than just a currency; it is a symbol of the Dominican Republic's economic vitality, cultural richness, and national pride. Understanding the DOP is essential for anyone engaging with the Dominican Republic's dynamic economy, whether you are a resident or a visitor. The peso's stability and accessibility play a crucial role in the country's economic resilience and growth.
History and Background
The Dominican Peso was introduced in 1844 after the Dominican Republic gained independence from Haiti. It has undergone several reforms and changes throughout its history to maintain economic stability.
Economic Significance
The DOP is integral to the Dominican Republic's economy, facilitating trade, investment, and economic development. The country has a diverse economy, with key sectors including tourism, agriculture (particularly sugar and tobacco), manufacturing, and services. The Dominican peso's value is influenced by various factors, including tourism revenues, remittances, and global market conditions.
Usage and Exchange
The DOP is widely accepted across the Dominican Republic for all transactions, from everyday purchases to significant business deals. For visitors and expatriates, exchanging foreign currency for Dominican pesos is straightforward, with numerous exchange bureaus, banks, and ATMs available throughout the country. Major credit cards are also widely accepted, ensuring convenience for international travelers.
Conclusion
The Dominican Peso is more than just a currency; it is a symbol of the Dominican Republic's economic vitality, cultural richness, and national pride. Understanding the DOP is essential for anyone engaging with the Dominican Republic's dynamic economy, whether you are a resident or a visitor. The peso's stability and accessibility play a crucial role in the country's economic resilience and growth.