Opening value of the euro in Costa Rica this June 17 from EUR to CRC

Opening value of the euro in Costa Rica this June 17 from EUR to CRC
Opening value of the euro in Costa Rica this June 17 from EUR to CRC

The European currency is of great importance in Costa Rica due to the flow of tourism originating from the Old Continent. (Infobae)

After the stock market opening euro is negotiated today 555.25 Costa Rican colones on averageso that it implied a change of 0.36% when compared to the value of the previous day, which was 557.25 colones.

In relation to the profitability of the last week, the euro accumulates a decrease in 0.05%%; On the other hand, for a year now it has still maintained an increase in 0.56%.

Regarding the changes of this day with respect to past days, it reverses the result of the previous day, where it ended with a rise of 0.93%, without being able to establish a clear trend recently. In the last week, the volatility is lower than the numbers achieved for the last year (11.32%), which indicates that its price is presenting less alterations than the general trend indicates lately.

He National Bank of Costa Rica (BCCR) It is expected that by 2024 the “abundance of liquidity” of the dollar 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 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.

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 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.

 
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