Dominican Republic is a country in Caribbean region. Dominican Republic is the largest economy in the Caribbean and Central America region. Remittances and tourism earnings have helped the country build good amount of foreign exchange reserve.
Remittance inflow to Dominican Republic have been growing tremendously year on year. In year 2015, it received $5.19 billion as foreign remittances. Of this the maximum amount of $ 3.86 billion was sent from the United States alone. Dominican Republic receives inward remittances in multiple currencies. You can choose to send Dominican Peso (DOP), US Dollar (USD), Euro (EUR) or Costa Rican Colon (CRC).
When you send money to Dominican Republic, you’ll get multiple money transfer services. You should check the midmarket exchange rate and compare the remittance providers for exchange rate, fees & transfer time. You can leverage ExchangeRateIQ for this. This unified platform will not only help you find the best value to send mon
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