Convert 5 Dominican Peso (DOP) to Canadian Dollar (CAD)
Exchange rates used for currency conversion updated on November 23rd 2024 ( 11/23/2024 )
Below you will find the latest exchange rates for exchanging Dominican Peso (DOP) to Canadian Dollar (CAD) , a table containing most common conversions and a chart with the pair's evolution.
The Dominican Peso (DOP) to Canadian Dollar (CAD) rates are updated every minute using our advanced technology for live forex currency conversion. Check back in a few days for things to buy with this amount and information about where exactly you can exchange currencies online and offline.
The currency exchange rate, calculated between Dominican Peso and Canadian Dollar on 11/23/2024 is 1 DOP = 0.0231 CAD - AVERAGE intraday quotes were used for this currency conversion.
The Dominican peso also called the peso oro is symbolized with the "$" sign and known in currency trading by the code DOP. It is controlled by the Central Bank of the Dominican Republic and it is the only enforceable legal tender within the Dominican Republic.
The DOP is subdivided into 100 units, each known as a centavo. The coins in circulation are valued at $1, $5, $10, and $25 with current banknotes in circulation valued at $20, $50, $100, $200, $500, $1000, and $2000.
About Canadian Dollar (CAD)
The Bank of Canada manges the circulation and monetary policy of the floating yet highly dependent currency. The Canadian dollar (CAD) is heavily intertwined with economic developments in the United States and the USD this is compounded with the high trade dependence Canada shares with the US and is only mitigated by the price of commodities such as oil in which Canada is a net exporter and therefore can leverage these exports to support the CAD independent of the USD. The Bank of Canada follows its mandate of promoting the economic well being of the nation in juxtaposition to the mandate of many central banks as price stability.
