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U.S. Dollar and Euro Rise Slightly in the Dominican Republic
The U.S. dollar and the euro both gained six centavos against the Dominican peso on Friday, while West Texas Intermediate (WTI) crude oil traded lower despite maintaining strong monthly gains.
The Central Bank of the Dominican Republic (BCRD) set Friday’s official exchange rates with the U.S. dollar trading at RD$58.11 for buying and RD$58.72 for selling, representing an increase of six centavos in the selling rate compared with the previous session.
The euro also advanced by six centavos. The European currency was quoted at RD$65.69 for buying and RD$68.74 for selling in the Dominican market.
WTI Crude Oil Trades Lower
Meanwhile, West Texas Intermediate (WTI) crude oil traded in a range of approximately $82.09 to $84.17 per barrel. Oil prices were down about 1.8% on the day, although they remained nearly 20% higher for the month overall.
Movements in international oil prices are closely monitored in the Dominican Republic, where fuel costs can influence transportation expenses, inflation, and the broader economy.
