Costa Rica Coffee Guide

Value of U.S. Dollar Again Dips Below ¢500

October 18, 2010

The devaluing U.S. dollar continues to drive an increase in the value of the colón. As of Monday, $1 U.S. could buy ¢498, a 60¢ drop since its ¢558 value on Jan.1.

The buy value typically drops around the middle and beginning of each month due to an increased demand for the colón for salary payments. However, as the end of the year draws near, it appears economists’ predictions of an improved dollar value (TT May 4) are unfounded.

Since 2000, the colón has depreciated an average of ¢20 against the U.S. dollar. In 2010, the U.S. dollar has depreciated nearly 11 percent against the value of the colón.

You may be interested

Slothy Sunday: Meet the sloth moms, released and thriving
Sloth Sundays
1764 views
Sloth Sundays
1764 views

Slothy Sunday: Meet the sloth moms, released and thriving

Rachael Griffiths / Toucan Rescue Ranch - September 27, 2020

This Sloth Sunday is dedicated to the released two-fingered sloth moms that have been prospering since being in Toucan Rescue Ranch’s…

Costa Rica reopens to key tourism market as it welcomes Mexican visitors
Costa Rica
1129 views
Costa Rica
1129 views

Costa Rica reopens to key tourism market as it welcomes Mexican visitors

Alejandro Zúñiga - September 26, 2020

Costa Rica will open its doors to the arrival of tourists from Mexico, after considering a drop in reported Covid-19…

Costa Rica tourism: What states might be allowed next? [updated]
Costa Rica
2290 views
Costa Rica
2290 views

Costa Rica tourism: What states might be allowed next? [updated]

Alejandro Zúñiga - September 26, 2020

Since September 1, Costa Rica has welcomed tourists from a growing number of U.S. states. According to Gustavo Segura, Costa…