The Dominican Republic has one of the largest economies in the Caribbean and Central America region. It receives most of its money from remittances and tourism earnings which has helped the country in building a good amount of foreign exchange reserves. Besides, the country allows remittances in multiple currencies including Dominican Peso (DOP), Costa Rican Colon (CRC), USD Dollar (USD) and Euro (EUR).
The Dominican Republic receives billion of money every year and the largest sender is the USA. From the USA, people approximately send 3-4 billion every year. So many companies are providing their services in the Dominican Republic, but if you want to know the cheapest way to send money to the Dominican Republic, compare the money transfer companies on the basis of exchange rates, transfer fees, transfer time, refund and cancellation process etc. This will help you to get the best rates and also saves your time, energy as well as money.
All you can do this at Exchange Rate IQ, which is a unified platform provides all top money transfer companies at one place. You will also find the independent review of all the companies and along with that, you will get to know what the experiences of customers are. Other than this, you will also find promo codes and coupons which will reduce your transfer fee and offer cashbacks.