The dollar rose by ȼ6 in the last week

The dollar rose by ȼ6 in the last week
The dollar rose by ȼ6 in the last week

The price of dollar with respect to colón rose ȼ6 in the last week, from ȼ528 to ȼ534.

This may be happening because there is a significant reduction in the amount traded in the Foreign Exchange Market.

Read more: Dollar price rises after reaching historic lows

In May, the fall was accentuated, reaching $27.5 million per day, in contrast to the $46.8 million daily average of the previous month and the $58.2 million daily average of March, said Silvia Jiménez, manager of Investments of the Securities Market Financial Group.

Read more: Dollar price rises after reaching historic lows

He added that individuals and companies must keep themselves informed about the fluctuations in the exchange market, accepting that currently the exchange rate is determined by supply and demand factors, and therefore volatility is an inherent element.

“It is important that they consider making a financial plan according to their flows, evaluating whether their expenses are in dollars and their income in colones, or vice versa, to look for investment alternatives that adapt to their needs,” said the economist.

 
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