US dollar today, August 12: official rate holds steady at RD$58.19

The Central Bank of the Dominican Republic set the dollar reference rate this Wednesday, August 12, at RD$58.19 for buying and RD$58.54 for selling, keeping the local foreign exchange market stable.

A market that does not move

The official rate is virtually unchanged from the previous session, in a context of abundant foreign currency thanks to the record inflows projected for the year: tourism, remittances and exports sustain the supply of dollars in the system.

What it means for your pocket

For those receiving remittances or earning in dollars, the stable rate protects the purchasing power of their income. For importers, exchange rate predictability eases cost planning, a key factor in domestic price formation.

Why it matters

The exchange rate is one of the most-watched variables for Dominicans. Its stability, amid global volatility from Middle East tensions, is a sign of the relative strength of the national economy.

The key figure

RD$58.19. Today’s official buying reference for the dollar: the number millions of Dominicans check every morning.