How Much Is the Dollar Worth in Dominican Republic?

Understanding the Dominican Republic’s currency system is important for a smooth visit. This guide clarifies the value of the US dollar and provides practical information for managing your money there.

The Dominican Peso and Exchange Rates

The official currency of the Dominican Republic is the Dominican Peso (DOP), abbreviated as “RD$”. It is the primary currency used for goods and services. An exchange rate indicates how many Dominican Pesos you receive for one US dollar.

Exchange rates fluctuate daily based on economic factors. For instance, as of August 20, 2025, one US dollar is approximately worth 61.71 Dominican Pesos. These rates can be checked using reputable online currency converters, bank websites, or financial news sources. It is advisable to check current rates close to your travel dates or prior to any exchange.

While official bank rates represent the market standard, rates offered by different exchange venues can vary. Banks like Banco Popular Dominicano, Banco de Reservas, and Banco BHD Leon provide reliable rates. Online platforms also display current exchange rates, which can be useful for comparison.

Exchanging Currency in the Dominican Republic

Automated Teller Machines (ATMs) are widely accessible in cities and tourist areas. While ATMs typically offer competitive exchange rates, they often come with associated fees from the local ATM operator and your bank. These ATM fees can range from approximately 200 pesos (around $3.25 USD) to 8% to 10% of the withdrawn amount. It is advisable to inform your bank about your travel plans beforehand to prevent any interruptions in card service.

Currency exchange houses, known locally as “casas de cambio,” are prevalent and offer a convenient option for exchanging foreign currency. Comparing rates among a few different establishments can help ensure a more favorable exchange. Major banks also facilitate currency exchange, providing secure transactions at official rates. However, bank branches may have longer wait times or limited operating hours compared to other options.

Exchanging currency at airports or hotels can be convenient upon arrival, but these locations often provide less favorable exchange rates. It is recommended to avoid these venues for larger transactions to maximize the value of your US dollars. Also, avoid unlicensed street vendors for currency exchange for security and to prevent receiving counterfeit bills.

Using US Dollars Directly

While the Dominican Peso is the official currency, US dollars are frequently accepted in specific areas, particularly in major tourist zones, large resorts, and businesses that cater primarily to international visitors. In these settings, prices may be quoted in both Dominican Pesos and US dollars.

Using US dollars directly often has financial implications. When you pay in US dollars, vendors typically provide change in Dominican Pesos. The exchange rate applied by the vendor may be less favorable than rates from banks or exchange houses, resulting in a higher cost for purchases.

For transactions outside of major tourist hubs, such as local markets, small shops, or public transportation, Dominican Pesos are necessary. Many local vendors prefer or only accept the local currency. Relying solely on US dollars outside tourist areas can limit purchasing options and lead to less advantageous exchange rates.