The euro was trading at 60.48 Dominican pesos at the time of opening, an increase of 1.61% compared to 59.52 Dominican pesos the previous day.
Over the past 7 days, the euro has increased by 1.24%. Nevertheless, it is still falling 11.98% compared to the previous year. In relation to the past day, this figure hinders the negative march that we have marked in the last two days.The volatility in the last few days is 11.88%, which is higher than the annual volatility figure (9.64%), so its value undergoes a greater change than the general trend.
In theannual photo, Euro was paid up to 66.04 Dominican pesos, with a minimum level of 59.12 Dominican pesos. The euro is located closer to the minimum value than the maximum value.
Dominican Peso The Dominican Peso
is the official currency of the Dominican Republic, abbreviated as PDO, and dates back to 1971 after violating the gold standard. Initially it was called “gold peso” or “Dominican gold peso”.
In 2010, the Constitution was amended to define that “the unit of national currency is the Dominican peso”. After that, in 2017, the gradual replacement of banknotes and coins began with the old Dominican peso inscription.
Banknotes currently in circulation are 50, 100, 200, 500, 1,000, and 2,000 pesos. The 5- and 10-peso banknotes stopped circulating and were replaced by coins of 5, 10, and 25 pesos, respectively. Meanwhile, the 500 pesos and 2,000 pesos of gold banknotes were issued on the occasion of the 500th anniversary of the discovery of the United States and the arrival of the new millennium.
Onevery banknote there is a phrase: “This banknote has the liberation power to pay all public or private obligations.”
Regarding the economy of the Dominican Republic, the Central Bank announced that its gross domestic product (GDP) in 2021 closed at 12.3%, reflecting the economic recovery. In addition, it reached 4.7% in 2021 compared to 2019, indicating a return to pre-pandemic levels.
On the other hand, the coronavirus pandemic has affected the Dominican Republic when talking about inflation, since it remained at 8.5% at the end of 2021. By 2022, the Central Bank estimates that the GDP of the Dominican Republic will increase between 5.5% and 6.0%.
Agencies
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