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CD RATES IN US DOLLARS IN DR BANKS Who has the highest rate . ?????
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08-25-2012, 09:23 AM
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fapourfasiark
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Oct 2005
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i got a 1 year 3.65% with banreservas in june 2011
Well if the dollar goes up in value by 7% or more against the D.R. peso during that time then you have a gain of 10.65% if you put it back into pesos. But if the dollar goes down against the D.R. peso by 7% during the life of the CD then you have lost 3.35% if you bring it back into pesos at the end of the CD. Hope the dollar ended going up for you.
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