Convert United States Dollar to Dominican Peso
Please provide values below to convert United States Dollar [USD] to Dominican Peso [DOP], or Convert Dominican Peso to United States Dollar.
How to Convert United States Dollar to Dominican Peso
1 USD = 0.016569733724379 DOP
Example: convert 15 USD to DOP:
15 USD = 15 × 0.016569733724379 DOP = 0.248546005865686 DOP
United States Dollar to Dominican Peso Conversion Table
| United States Dollar | Dominican Peso |
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United States Dollar
The United States Dollar (USD) is the official currency of the United States of America, used as a standard unit of monetary value and exchange.
History/Origin
The USD was established in 1792 with the Coinage Act, replacing the Continental Congress's Continental Currency. It has since become one of the world's dominant reserve currencies, influenced by the economic growth of the U.S. and global financial markets.
Current Use
The USD is widely used domestically and internationally for trade, investment, and as a reserve currency. It is the most traded currency in the foreign exchange market and is used as the standard currency in many international transactions.
Dominican Peso
The Dominican Peso (DOP) is the official currency of the Dominican Republic, used for everyday transactions and financial exchanges within the country.
History/Origin
The Dominican Peso was introduced in 1947, replacing the Dominican Republic peso at a rate of 1 peso to 1 peso. It has undergone various reforms and decimalization over the years to stabilize the economy and modernize the currency system.
Current Use
Today, the Dominican Peso remains the official currency of the Dominican Republic, widely used in all sectors of the economy, with banknotes and coins circulating throughout the country and in international transactions involving the Dominican Republic.