Understanding the Dominican Republic Exchange Rate
Traveling to Punta Cana, Santo Domingo, or doing business in the Dominican Republic requires a clear understanding of the local currency, the Dominican Peso (DOP). This Dominican Republic Exchange Rate Calculator helps you accurately convert your home currency (USD, EUR, CAD) into local Pesos, or vice versa, ensuring you know exactly how much you are spending or sending.
How This Calculator Works
The exchange rate varies daily based on market conditions, bank policies, and exchange house (Casa de Cambio) rates. This tool allows you to input the specific rate offered to you—whether by a bank or a street vendor—to see the final conversion.
The formula changes depending on the direction of your transaction:
- Buying Pesos (Foreign Currency → DOP): Multiply your amount by the exchange rate.
Example: $100 USD × 59.50 Rate = RD$ 5,950. - Buying Foreign Currency (DOP → Foreign Currency): Divide your Peso amount by the selling rate.
Example: RD$ 6,000 ÷ 60.00 Rate = $100 USD.
Typical Exchange Rate Margins
When exchanging money in the Dominican Republic, you will encounter two rates: the Buy Rate (Compra) and the Sell Rate (Venta).
- Compra: The rate the bank pays you for your dollars/euros. This is usually lower than the spot market rate.
- Venta: The rate the bank charges you to buy dollars/euros. This is higher than the Compra rate.
Pro Tip: Airport exchange booths often offer significantly worse rates than local banks (Banco Popular, Banreservas, BHD) or established "Casas de Cambio" in city centers.
Using US Dollars in the Dominican Republic
While the US Dollar is widely accepted in tourist areas like Punta Cana and La Romana, paying in dollars often results in a poor exchange rate ("Tourist Rate"). Merchants may round up prices or calculate the exchange at 50:1 when the bank rate is near 60:1. It is almost always more cost-effective to withdraw Pesos from an ATM or exchange cash at a bank and pay in the local currency.
Common Currency Denominations
The Dominican Peso uses the symbol RD$. Common banknotes include:
- RD$ 2,000: The largest bill (use sparingly for small purchases).
- RD$ 1,000 & RD$ 500: The most useful notes for dining and shopping.
- RD$ 200, RD$ 100, RD$ 50: Essential for tipping and small transport fares.