Updated
1. Pesos vs dollars
The Dominican peso is the local currency and usually gives you the best value, especially for tips and small purchases. US dollars are accepted across tourist areas, but vendors often apply an unfavorable exchange rate when you pay in dollars.
A practical approach: use pesos for everyday spending and tips, and keep some small US bills as a convenient backup.
2. Carry small bills
Small denominations matter more than the currency. Peso notes of 50, 100, and 200 and US ones and fives are ideal because many businesses cannot break large notes.
Never rely on 50 or 100 dollar bills for tips or small purchases. Nobody can break them, and you will struggle to use them.
3. Cards and ATMs
Cards are widely accepted at resorts, larger restaurants, and shops, and many transfer drivers and tour operators take cards too. For street vendors, beach sellers, and tips, you need cash.
If you withdraw pesos from an ATM, you will usually get a fairer rate than paying in dollars at the till. Watch for ATM and foreign-transaction fees.
Frequently asked questions
- Should I exchange money before I travel?
- A small amount of pesos for arrival is handy, but withdrawing pesos from an ATM in the country, or paying with cards where accepted, usually gives a fairer rate than exchanging large sums in advance.
- Can I pay for everything in US dollars?
- Mostly yes in tourist areas, but you will often get a poor exchange rate. Pesos are better for value, especially for tips and small purchases.
- What bills should I carry?
- Small ones: pesos of 50, 100, and 200, plus US ones and fives. Avoid large bills nobody can break.