Expert Advice on Money Exchanging:
Currency exchange in Sosua: Money exchange in the Dominican Republic is always favorable for travelers, because of the big difference in regards to the US Dollar, Canadian Dollar, Euro, Yen, Pound and other foreign currencies. There are many places where money can be exchanged in Sosua, including the local Playero supermarket ( with excellent, updated rates ). All villas for rent in Sosua and Cabarete are paid in US dollars, mostly unaffected by currency fluctuations.
Recently, many money exchange guys standing in the corners were forced off the street and had to open an office because the police would not allow them to operate unregulated. Among the ones that give you the best rate in Sosua there`s Herbon, Domingo Ortiz, Josias and Winston. The rest will give you less for your money, with few exceptions.
EXCHANGE RATES: Last update March 30th, 2016
|PURCHASE RATE||SELLING RATE|
Fluctuations in the past years have driven the economy up and down, the dollar have been steady between 43-44 and the pound between 67-70; the Euro was kept around 50.65 and now has gone down to less than 50 pesos. One piece of advice you should follow at at times: AVOID EXCHANGING MONEY AT THE AIRPORTS. Most travelers are paid too low a rate, to later find out the real deal in Sosua. Villa Rental guests always have the expert assistance of a concierge, so be sure to ask for advice if you`re not familiar with the town and need quick, sound advice.
LOCAL BANKS AND ATMS IN SOSUA:
|BANCO DEL PROGRESO||1-809-571-2450||www.progreso.com.do|