DOP: Potential For Mild Upside

October 2007 | Currency Forecast

With the peso slowly settling down towards a plateau at DOP33.50/US$, currency stability should remain the order of the day in the Dominican Republic. Modest depreciation has been unsurprising, given the downward pressure imposed by record oil prices and a bout of global market volatility. Despite these dynamics, however, the DOP has performed admirably.

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