In the last session the American dollar quoted at closing 520.47 Costa Rican colones on averagewhich represented a change of 0.74% when compared to the data from the previous day, when it marked 516.67 colones.
Regarding the last seven days, the American dollar scores a promotion of 2.25%%; On the other hand, in the last year it still maintains a decrease in 1.38%.
If we compare the figure with previous days, it reversed the result of the previous day, where it ended with a decrease of 0.4%, without being able to establish a clear trend in recent dates. The volatility referring to the last week was 13.24%, which is a figure noticeably lower than the annual volatility figure (20.61%), so that in this last phase it is trending less variations than expected.
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 Securitiesforesees that the same central bank of the Central American country will continue absorbing the excessive supply of dollars by 2024 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 positive for the current year, however, there is concern for 2025.
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.
After 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. However, 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.
