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Is it better to pay in dollars or Dominican pesos?

In tourist areas, especially in hotels, you can easily use cash in dollars or euros. However, if you want to venture outside of your hotel, take public transportation, eat and shop at local stores, it would be ideal to have pesos.



While U.S. Dollars are widely accepted in tourist areas of the Dominican Republic, it is almost always better to pay in Dominican Pesos (DOP) for daily transactions. When you pay in dollars at local shops, "colmados," or for transport, the vendor often uses a highly unfavorable exchange rate (e.g., 50:1 when the official rate is closer to 60:1). Using local currency ensures you pay the actual price and avoids the "tourist tax" hidden in the conversion. However, it is useful to keep some small USD bills ($1s and $5s) for tipping at all-inclusive resorts or for the $10 tourist card fee if not included in your airfare. For the best value, withdraw pesos from a bank ATM (avoiding independent ones in lobbies) and use a credit card with no foreign transaction fees.

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USD$1 will buy you roughly RD$39 Dominican Pesos. A bottled water goes for around RD$10 Pesos (around a Quater of a dollar), in punta cana maybe around 20-25 pesos in the streets. You could have a decent meal for anywhere between 5-15 US bucks. So it depends on your plans.

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1 USD = 56.738943 DOP Aug 11, 2023 02:50 UTC
Check the currency rates against all the world currencies here.

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The currency in the Dominican Republic is the Dominican Peso (DOP). That being said, US Dollars are widely accepted and actually preferred over the peso. Taxis, excursion vendors, and restaurants will all accept USD and usually have the same rate as the bank.

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The total budget of your vacation in the Dominican Republic should be around RD$6,000 per person per day. However, you don't have to take this amount in cash. You can regularly pay with a credit card and withdraw money at ATMs. Therefore, it is recommended to take around 200 to 300 dollars per person for your vacation.

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The average cost for a meal at a mid-range restaurant is $15 to $20, and for drinks, it is $4 to $5. If you prefer cheaper options like street food, it can cost around $5 to $10 per meal. Therefore, you should expect to spend around $30 to $40 per day on food and drinks, which totals around $210 to $280 for a week.

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It is recommended that all travelers bring Mexican pesos as well as their credit and/or debit cards to minimize any inconvenience the exchange cap at banks may cause.

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Departure tax to leave the Dominican Republic is US$20. Scheduled airlines include this charge in the price of the tickets.

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In regards to how much to tip, it will be at your discretion, but if it helps, in the Caribbean it is common to leave a 15% to 25% tip for exceptional service. However, all gratuities are well received, from $1 per service to $20 or more at the end of your stay.

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It's always a good idea to carry around some cash for small expenses, like cab rides, or for that rare occasion when a restaurant or small shop doesn't take plastic, which can happen if you're dining at a neighborhood joint or buying from a small vendor. U.S. dollars are accepted everywhere.

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