MAGAIBA to DOP Converter and calculator


Conversion rates
Convert MAGAIBA to DOP
Convert DOP to MAGAIBA
MAGAIBA to DOP chart
MAGAIBA to DOP conversion data: Volatility and price changes of Magaiba in DOP
Last 24 hours | Last 7 days | Last 30 days | Last 90 days | |
---|---|---|---|---|
High | 0.004660 DOP | 0.004885 DOP | 0.006789 DOP | 0.01230 DOP |
Low | 0.004596 DOP | 0.004616 DOP | 0.003667 DOP | 0.003667 DOP |
Average | 0 DOP | 0 DOP | 0 DOP | 0 DOP |
Volatility | % | % | % | % |
Change | +1.38% | -8.23% | +17.05% | -48.11% |
Magaiba information
MAGAIBA to DOP market statistics
Current MAGAIBA to DOP exchange rate
Magaiba to Dominican Peso is falling this week.More info about Magaiba on Bitget
Dominican Peso information
About Dominican Peso (DOP)
The Dominican Peso (DOP), the official currency of the Dominican Republic, is not just a medium of exchange but a reflection of the nation's vibrant economy, rich history, and diverse culture. It is commonly abbreviated as DOP and represented by the symbol $.
Historical Background
The Dominican Peso was introduced in 1844, coinciding with the country’s declaration of independence. This marked a significant departure from the Haitian Gourde, which was in circulation prior to independence. The establishment of the Peso was a critical step in the Dominican Republic's quest for economic sovereignty and identity.
Design and Symbolism
The design of the Dominican Peso is a tapestry of the country’s history and culture. Banknotes and coins feature prominent national heroes, such as Juan Pablo Duarte, considered the father of Dominican independence. They also showcase landmarks and symbols that represent the nation's natural wonders and cultural richness. This blend of historical and cultural imagery not only facilitates economic transactions but also serves to instill a sense of national pride.
Economic Role
The Dominican Peso is central to the economic fabric of the Dominican Republic. The country boasts a diverse economy with strong sectors in tourism, agriculture, manufacturing, and services. The Peso underpins these economic activities, facilitating local and international trade. The stability and value of the Peso are crucial for economic growth and investor confidence.
Monetary Policy and Exchange Rate
Managed by the Central Bank of the Dominican Republic, the Peso's value is subject to monetary policy and market dynamics. The exchange rate between the Peso and major world currencies, particularly the US Dollar, is a critical economic indicator, influencing everything from tourism to foreign investment.
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How to convert MAGAIBA to DOP



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MAGAIBA to DOP Conversion tables
Amount | 13:07 today | 24 hours ago | 24h change |
---|---|---|---|
0.5 MAGAIBA | RD$0.002329 | RD$0.002297 | +1.38% |
1 MAGAIBA | RD$0.004657 | RD$0.004594 | +1.38% |
5 MAGAIBA | RD$0.02329 | RD$0.02297 | +1.38% |
10 MAGAIBA | RD$0.04657 | RD$0.04594 | +1.38% |
50 MAGAIBA | RD$0.2329 | RD$0.2297 | +1.38% |
100 MAGAIBA | RD$0.4657 | RD$0.4594 | +1.38% |
500 MAGAIBA | RD$2.33 | RD$2.3 | +1.38% |
1000 MAGAIBA | RD$4.66 | RD$4.59 | +1.38% |
MAGAIBA to DOP FAQ
What factors influence the conversion rate of MAGAIBA to DOP?
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