Today the American dollar is initially quoted at 517.99 Costa Rican colones on averageso that it implied a drop of 0.48% compared to 520.47 colones the previous day.
In relation to the profitability of the last seven days, the American dollar notes an increase in 0.37%% and for a year it has still maintained an increase in 0.21%.
In relation to previous days, the meaning of the previous result changes, when an increase of 0.25% was recorded, recently showing an absence of stability in the result. In the last week, the volatility is clearly lower than that accumulated in the last year, showing itself as a value with fewer alterations than expected in recent dates.
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 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. However, it was not until 1986 that the use of the colon as legal currency was determined.
It should be noted that currently 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 called “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 at the time. reverse.
