Dominican peso gained value against the dollar on December 27, according to economic summary

The Ministry of Economy, Planning and Development published a summary of the most relevant information about the main national and international economic indicators of interest to the Dominican Republic as of December 28, 2021.

The publication, prepared by the Directorate of Macroeconomic Analysis (DAM) of the Vice Ministry of Economic and Social Analysis (VAES) indicates that, in the week of December 25 to 31, the selling price of the main fuels remained unchanged with respect to the previous week.

It explains that, as of December 27, the price of WTI oil increased by 2.75% with respect to the previous day, trading at US$ 75.82 per barrel. The prices of gold (0.05%), corn (1.44%), soybean oil (2.40%) and soybeans (2.93%) also registered increases.

On the other hand, cocoa (-0.12%), wheat (-1.10%) and coffee (-1.77%) prices declined from the previous day. The price of nickel (0.00%) was also unchanged compared to the previous day.

It points out that, to December 22, the weighted average lending interest rate was 10.07%, while the weighted average deposit interest rate was 1.69%, registering a variation regarding the previous day of 0.55 p.p. and -0.40 p.p. respectively.

The summary adds that, as of December 27, the stock market indicators in general registered increases between 0.89% and 1.39%. It indicates that the NASDAQ registered a variation of 1.39% compared to the previous day. Likewise, the S&P 500 registered a variation of 1.38% compared to the previous day.

In addition, the DOW 30 registered a variation of 0.98% compared to the previous day. Likewise, the RUSSELL 2000 registered a variation of 0.89% compared to the previous day.

The Dominican peso appreciated (gained value) against the US dollar (-0.29%), the euro (-0.39%), the Chinese yuan (-0.25%), the Canadian dollar (-0.05%) and the Japanese yen (-0.42%) as of December 27 compared to the previous day.

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