DOP information
About Dominican Peso (DOP)
The Dominican Peso (DOP), the official currency of the Dominican Republic, is not just a medium of exchange but a reflection of the nation's vibrant economy, rich history, and diverse culture. It is commonly abbreviated as DOP and represented by the symbol $.
Historical Background
The Dominican Peso was introduced in 1844, coinciding with the country’s declaration of independence. This marked a significant departure from the Haitian Gourde, which was in circulation prior to independence. The establishment of the Peso was a critical step in the Dominican Republic's quest for economic sovereignty and identity.
Design and Symbolism
The design of the Dominican Peso is a tapestry of the country’s history and culture. Banknotes and coins feature prominent national heroes, such as Juan Pablo Duarte, considered the father of Dominican independence. They also showcase landmarks and symbols that represent the nation's natural wonders and cultural richness. This blend of historical and cultural imagery not only facilitates economic transactions but also serves to instill a sense of national pride.
Economic Role
The Dominican Peso is central to the economic fabric of the Dominican Republic. The country boasts a diverse economy with strong sectors in tourism, agriculture, manufacturing, and services. The Peso underpins these economic activities, facilitating local and international trade. The stability and value of the Peso are crucial for economic growth and investor confidence.
Monetary Policy and Exchange Rate
Managed by the Central Bank of the Dominican Republic, the Peso's value is subject to monetary policy and market dynamics. The exchange rate between the Peso and major world currencies, particularly the US Dollar, is a critical economic indicator, influencing everything from tourism to foreign investment.
Y8U to DOP conversion rate trend
Conversion rate comparison of various exchanges
Exchange | Price | Maker / Taker Fee | Tradable |
---|---|---|---|
BitgetBest | $0.9421 | 0.0200% / 0.0320%VIP 7 | |
Gate.io | $0.9406 | 0.1000% / 0.1000% | Yes |
How to buy Y8U
Buy Y8U (or USDT) for DOP (Dominican Peso) offers
Merchants (trades/completion rate) | Price | Amount/limit Low to high | Payment methods | Zero fees Action |
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Sell Y8U (or USDT) for DOP (Dominican Peso) offers
Merchants (trades/completion rate) | Price | Amount/limit High to low | Payment methods | Zero fees Action |
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What factors influence the conversion rate of Y8U to Dominican Peso?
Y8U to Dominican Peso is falling this week.Conversion tables
The exchange rate of Y8U is decreasing.Y8U to DOP
DOP to Y8U
Today vs. 24 hours ago
Amount | 17:21 today | 24 hours ago | 24h change |
---|---|---|---|
0.5 Y8U | $0.007836 | $0.007941 | -1.33% |
1 Y8U | $0.01567 | $0.01588 | -1.33% |
5 Y8U | $0.07836 | $0.07941 | -1.33% |
10 Y8U | $0.1567 | $0.1588 | -1.33% |
50 Y8U | $0.7836 | $0.7941 | -1.33% |
100 Y8U | $1.57 | $1.59 | -1.33% |
500 Y8U | $7.84 | $7.94 | -1.33% |
1000 Y8U | $15.67 | $15.88 | -1.33% |
Today vs. 1 month ago
Amount | 17:21 today | 1 month ago | 1M change |
---|---|---|---|
0.5 Y8U | $0.007836 | $0.009117 | -14.06% |
1 Y8U | $0.01567 | $0.01823 | -14.06% |
5 Y8U | $0.07836 | $0.09117 | -14.06% |
10 Y8U | $0.1567 | $0.1823 | -14.06% |
50 Y8U | $0.7836 | $0.9117 | -14.06% |
100 Y8U | $1.57 | $1.82 | -14.06% |
500 Y8U | $7.84 | $9.12 | -14.06% |
1000 Y8U | $15.67 | $18.23 | -14.06% |
Today vs. 1 year ago
Amount | 17:21 today | 1 year ago | 1Y change |
---|---|---|---|
0.5 Y8U | $0.007836 | $0.{5}2238 | -76.20% |
1 Y8U | $0.01567 | $0.{5}4476 | -76.20% |
5 Y8U | $0.07836 | $0.{4}2238 | -76.20% |
10 Y8U | $0.1567 | $0.{4}4476 | -76.20% |
50 Y8U | $0.7836 | $0.0002238 | -76.20% |
100 Y8U | $1.57 | $0.0004476 | -76.20% |
500 Y8U | $7.84 | $0.002238 | -76.20% |
1000 Y8U | $15.67 | $0.004476 | -76.20% |
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