Closing value of the dollar in Costa Rica this June 19 from USD to CRC

Closing value of the dollar in Costa Rica this June 19 from USD to CRC
Closing value of the dollar in Costa Rica this June 19 from USD to CRC

The high flow of foreign tourism makes the dollar one of the most important currencies in Costa Rica. (Jovani Pérez)

He American dollar quoted at closing 515.23 Costa Rican colones on averageso that it represented an increase of 0.57% compared to the 512.31 colones of the previous session.

In relation to the last week, the American dollar accumulates a decrease in 0.28%%for this reason in the last year it still maintains a decrease in 0.61%.

Regarding the changes of this day compared to previous days, it put an end to two consecutive sessions with a negative trend. In the last week, volatility was clearly lower than that accumulated in the last year, presenting itself as a value with less changes than usual 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 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 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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