If your planning a trip to the Caribbean you are likely hoping to get a good exchange rate on your money. The peso exchange rate from US Dollars to Dominican Pesos has varied between 35 pesos to the dollar to about 37 pesos to the dollar.

Right now (11/16/2011) you can exchange your dollars for pesos at 38.9 pesos for the US dollar. If you are currently living in the DR or if you are planning a longer vacation that extra couple pesos can add up, so this is a pretty good time to get some money converted.

If you’re not too sure on how you want to bring money over from the US to the DR you might want to check out our page on Getting Money In the DR for a few tips on how much money to bring in cash, travelers checks etc.

One of the questions people have when visiting a foreign country is how to access their money. Should you bring cash, travelers checks, or rely on ATMs? Can you pay for things by credit card? Where can you use Travelers Checks? Can I pay in US Dollars? How do you exchange foreign money? All important questions that can greatly affect your vacation.

Travelers Checks: While it might be good to have some, very few places accept traveler’s checks in the DR. That means you’re going to have to get them cashed and converted. There are occasional money exchange locations that will take travelers Checks but most will not. Likely you will have to go to a bank and get them cashed and converted. That is a bit of a hassle.
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