On the last day the euro quoted at closing 549.89 Costa Rican colones on averageso that it represented a change of 1.84% when compared to the data from the previous day, which was 539.94 colones.
In the last seven days, the euro accumulates an increase of 2.19%; On the contrary, for a year now it has still maintained a drop in 3.28%.
Analyzing this data with that of previous days, accumulated three consecutive days of positive numbers. The volatility for the last week was 18.42%, which is a figure visibly higher than the annual volatility figure (10.05%), so the value experiences greater changes than the general trend.
He National Bank of Costa Rica (BCCR) It is expected that by 2024 the “abundance of liquidity” of the foreign currency will be maintained and it is unlikely to observe marked upward pressure on the exchange rate.
Javier Cortesinvestment strategist BN Securitiespredicts that the same central bank of the Central American country will continue absorbing the excessive supply of dollars for this year and for this reason the appreciation of the national economy should be moderate.
In a global context that is marked by the moderation of inflation and the increase in interest ratesthe outlook in economic terms is good for the current year, however, there is concern for next year.
Emmanuel Agüero Quesada, member of the International Center for Economic Policy for Sustainable Development of the National University (CINPE-UNA) assured the Semanario Universidad that there is optimism due to the economic growth that will occur USA in 2023.
He Costa Rican Colonnamed in honor of the figure of Christopher Columbus, is the legal currency in Costa Rica, which is also divided into 100 equal parts called centimos.
Upon its independence, in 1821, the country abandoned the use of the Spanish currency and began to use the real and then opted for the peso. It was not until 1986 that the use of the colon as legal currency was determined.
It should be noted that today the coins in circulation are those of 5, 10, 25, 50, 100 and 500 colones. Before there were 1 and 2 colones, but these were removed by the Central Bank of Costa Rica and they no longer have value in the market. As for the bills, there are 1,000, 2,000, 5,000, 10,000, 20,000 and 50,000.
In Costa Rica, the 100 colone coins are also known as “una teja”, the 1000 bills are known as “a red” and the 5000 colones bill is known as “a toucan”, this is due to the images that were previously printed on the money. on the reverse.
