Property prices in the Dominican Republic are typically listed in US dollars, even though the local currency is the Dominican peso (DOP). This is standard practice for international real-estate transactions on the north coast.
When you're budgeting for a purchase, remember that everyday expenses — groceries, restaurants, utilities, local labor — are paid in pesos. The exchange rate fluctuates, but has remained relatively stable at 55–60 pesos per dollar over the past five years.
Key currency facts for buyers:
- Real-estate transactions close in USD or the equivalent in DOP at the day's rate.
- Wire transfers from US and Canadian banks arrive in USD.
- Dominican banks offer peso accounts for local expenses.
- ATMs dispense pesos; daily withdrawal limits are typically RD$10,000–RD$20,000 (~USD $170–$340).
- Credit cards are widely accepted in Cabrera, Sosúa, and Cabarete.