The Dominican peso is the official currency of the Dominican Republic since 1844. A peso is divided into 100 cents since 1877 and its symbol is “RD $” and its ISO code 4217 is “DOP”.
Currently, the exchange rate of the euro with respect to the peso (see below), stands at 57 pesos per euro (1 EUR = 57 DOP).
History of the Dominican peso
On the website of the Central Bank of the Dominican Republic you have a detailed history of the country’s currency. We summarize it here.
La Española (Hispaniola), as the Dominican was known in the colonial period, was one of the first American colonies where coins circulated. In 1505 the kings of Spain sent to mint maravedíes to send them to the island for their on-site coinage In 1542 a Mint is created on the island (in Mexico it dates from 1535) to coin silver and fleece.
With the Independence of the Dominican Republic from Spain in 1844, Dominican coins called “”cuarto de real” (fourth part of the real coin) began to circulate, which in turn was a Spanish currency and were manufactured in the United States. It is said that the phrase “fourth” used in popular slang to refer to money comes from these origins.
The Dominican Republic decimalized its currency in 1877, dividing the peso into 100 cents. After the economic crisis of 1880 the currency lost value and a second currency circulated around the country, the Dominican franc.
In 1905, the peso was replaced by the US dollar, at a rate of 5 pesos per dollar. The gold peso was reintroduced in 1937 on a par with the US dollar, although the dollar continued to be used along with the gold peso until 1947.
Dominican peso coins in circulation
Currently, peso currencies with the following denominations are handled in the Dominican Republic: 1, 5, 10 and 25 RD $. The currencies are issued, as are the notes of the Central Bank of the Dominican Republic that dedicates a section of its website to DOP bills and coins.
1.- Legend: Central Bank of the Dominican Republic
2.- Edge: Smooth
3.- Singing: Striated thick and interrupted
4.- Exergo: Year of Coinage 2005
5.- Central Figure: The effigy of the patrician Matías Ramón Mella
6.- Field: The part that is completely smooth in the coin
Reverse of the coin:
1.-Legend: Dominican Republic
7.-Value of the Denomination: RD $ 10.00
8.-Figure: National Shield
Dominican peso banknotes in circulation
Currently there are peso bills with denominations of 50, 100, 200, 500, 1,000 and 2,000 RD $. In 2011, a new issuance of banknotes became known as “Dominican pesos” instead of “gold pesos”.
Sixth family of Dominican peso banknotes
Since October 2014, a new issuance of peso bills circulates in the Dominican Republic with the same denominations as in 2011 but a renewed aspect and security measures: 50, 100, 200, 500, 1,000 and 2,000 RD $.
All these banknotes incorporate the 2014 YEAR of issue and the rose of Bayahibe, which is the national flower of the Dominican Republic thanks to Law 146-11 of the National Congress of the country. The rose of Bayahibe (pereskia quisqueyana) is a cactus with leaves that can measure up to 6 meters high, discovered in 1977 and in danger of extinction, for which it was declared a Dominican national flower.
All the bills of the Dominican Republic carry the phrase: “This note has a liberating force for the payment of all public or private obligations”. “Este billete tiene fuerza liberatoria para el pago de todas las obligaciones públicas o privadas”.
50 pesos banknote (50 RD$)
The 50 peso bill is bright purple. It dates from 2014 and on the obverse shows the Primada de América Cathedral, Santa María la Menor. Also known as the Cathedral of Santo Domingo, it was declared in 1546 the first New World cathedral by Pope Paul III, at the request of Emperor Charles V of Spain and Germany.
The reverse shows the Basilica Nuestra Señora de la Altagracia (Basilica of Higüey). This cathedral is of modern construction (1970) and is located in the city of Salvaleón de Higüey.
The countervaluation in euros of this 50-peso bill is about 0.82 euro cents today in currency providers in Spain.
100 pesos banknote (100 RD$)
The 100 Dominican pesos bill is orange and dates from 2014. On the obverse it shows the effigies of the three Fathers of the Dominican Homeland, Juan Palo Duarte y Díez, Francisco del Rosario Sánchez and Matías Ramón Mella Castillo.
Juan Pablo Duarte (1813-1876), was a professor, military, politician and Dominican liberal activist. Francisco del Rosario (1817-1861) was a lawyer, politician and Dominican activist. And Matías Ramón Mella (1816-1864) was a Dominican military and politician.
The reverse shows the Puerta del Conde, inside the Baluarte del Conde located in the Colonial City of Santo Domingo. The appellation of “Count” is due to the Count of Peñalba, former General Captain of Santo Domingo, who in 1655 successfully repelled a British invasion. The door is an emblematic place of the Dominican Republic because on February 27, 1844, Francisco del Rosario Sánchez declared the independence of the nation while raising the Dominican flag in this place.
The countervaluation in euros of this 50-peso bill is about 1.64 euros today in currency providers in Spain.
200 pesos banknote (200 RD$)
The 200 Dominican peso bill is pink and dates back to 2014. On the obverse it shows the portraits of the Mirabal sisters (Patria, Minerva and María Teresa) who were killed on November 25, 1960 after their hard opposition to the dictatorship of Rafael Leónidas Trujillo. On the reverse you can see the monument to the Mirabal Sisters in Salcedo.
The countervaluation in euros of this 50-peso bill is about 3.2 euros today in currency providers in Spain.
500 pesos banknote (500 RD$)
The 200 Dominican peso bill is turquoise and has two versions, the original 2014 and a special edition in 2017 on the occasion of the 70th anniversary of the Central Bank of the Dominican Republic, which has improved security measures over the 2014 edition ( see below).
On the obverse it shows the effigies of Salomé Ureña Díaz de Henríquez and Pedro Henríquez Ureña. Salomé Ureña (1850-1897) one of the nineteenth-century Dominican poetry flag poets and defender of the education of Dominican women. For his part, Pedro Henríquez (1884-1946) was an intellectual, philosopher, critic and Dominican writer. The reverse shows the Central Bank Square.
The countervaluation in euros of this 50-peso bill is about 8.2 euros today in currency providers in Spain.
Here we put the same 500-peso bill in its 2017 edition (70th anniversary of the Central Bank):
1.000 pesos banknote (1000 RD$)
The 1,000 Dominican peso bill is reddish and dates back to 2014. The obverse shows the front of the National Palace of the Dominican Republic, official residence of the President of the Republic and headquarters of the Executive Branch.
On the reverse is the Alcazar of Diego Colón y Perestrelo (1479-1526), son and successor of Christopher Columbus in the admiralty, viceroyalty and government of the Indies, based in Santo Domingo.
The countervaluation in euros of this 50-peso bill is about 16.4 euros today in currency providers in Spain.
2.000 pesos banknote (2.000 RD$)
The 1,000 Dominican peso bill is blue and dates from 2014. The obverse shows the effigies of José Reyes and Emilio Prud’Homme. José Rufino Reyes Siancas (1835-1905) was a composer of the music of the national anthem of the Dominican Republic whose lyrics contributed, Emilio Prud’Homme y Maduro (1856-1931), Dominican lawyer, considered one of the great contributors of the national identity Dominican
On the reverse you can see the Eduardo Brito National Theater, one of the most emblematic buildings in the Republic, opened in 1973.
The countervaluation in euros of this 50-peso bill is about 32.8 euros today in currency providers in Spain.
Euro to Dominican peso exchange rate
The change of the euro with respect to the peso oscillates at all times. If you search on Google for “Dominican euro exchange rate” you will find dozens of websites like Oanda (called “currency converters”) that offer a “rate” of the day, even with the rates of Google Finance.
Something like that (December 28, 2019):
As you can see, the exchange rates last year have ranged between 56 and 59 pesos per euro, but keep in mind that this graph represents the value of the “currency” Dominican peso against the euro, and not that of the real paper currency, that is lower. In fact, in the currency suppliers in Spain you can buy “Dominicans” at an exchange rate between 47 and 51 DOPs, for every euro. Nothing to do with the euro to peso currency exchange.
So, when you see these values in Google and other currency converters with your mobile, keep this in mind:
-This is an unofficial price, and therefore, unreliable. That is, if you click on the “Disclaimer” link, you get this Google Finance warning: “Google cannot guarantee the accuracy of the exchange rates shown. Confirm the current rates before making a transaction that may be affected by changes in exchange rates. ”
-These rates you see are usually wholesale prices of the Dominican peso currency against the euro currency;
-This rates can only be accessed by banks operating with each other. That is, it is impossible to get them as individuals;
If you need pesos in banknotes you will have to go through the retail banknote market (bank or exchange provider). This market means that Dominican pesos have had to be “transported” by someone so that you can enjoy them (or bought from travelers coming from the Dominican Republic, passing through Spain previously). In other words, moving paper money from one place to another has logistic costs that will make their selling price more expensive (the exchange rate that will be applied to you by the seller).
-The Dominican peso is a currency not very common or abundant in Spain, so it is not so easy to find it available for sale. Therefore it is good to anticipate the purchase and order it online to get a better price.
Where to change Dominican pesos in Spain
The 3 most popular places to change DOP in Spain are banks, exchange houses and the airport.
Of these, the least recommended place to buy are airports and any business that charges you a commission in addition to a “margin of exchange” (difference between the price for which you paid the currency and the price for which you sell it).
Euro to Dominican peso rate today in Spain today
To know the Dominican euro-peso exchange rate, the best thing you can do is use our currency comparator.
- Euro to Dominican pesos exchange rate (EUR-DOP)
- Dominican pesos to euro exchange rate (DOP-EUR)
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