Costa Rica Coffee Guide

Dollar exchange rate shows downtrend this week

January 8, 2013

Although in December the dollar exchange rate reached its highest point in the last nine months (₡514), this week saw the beginning of a downward trend. On Tuesday, the sell price in the wholesale market was ₡508 per dollar.

Most banks in Costa Rica were closed for the holidays, resulting in few dollar transactions and the intervention of the Central Bank to defend the band floor (₡500) was unnecessary.

With the reopening of banks this week, the exchange rate is showing a downward trend in the wholesale market, and it is possible that the Central Bank will buy dollars to protect the lower band.

Experts expect the dollar price to drop further in coming days, but they do not recommend taking out loans in that currency, since the rate may increase soon.

You may be interested

Costa Rica coronavirus updates for Friday, September 25
Costa Rica
5537 views
Costa Rica
5537 views

Costa Rica coronavirus updates for Friday, September 25

Alejandro Zúñiga - September 25, 2020

Costa Rica announced 17 new coronavirus-related deaths over the last day for a total of 812, according to official data…

Authorities tell Ponderosa Adventure Park to stop animal reproduction, feeding tours, selfies
Animal welfare
16 views
Animal welfare
16 views

Authorities tell Ponderosa Adventure Park to stop animal reproduction, feeding tours, selfies

Alejandro Zúñiga - September 25, 2020

The National System of Conservation Areas, part of the Environment Ministry, has informed Ponderosa Adventure Park in Guanacaste that it…

FIFA suspends Trinidad and Tobago
FIFA
2596 views
FIFA
2596 views

FIFA suspends Trinidad and Tobago

The Tico Times - September 25, 2020

FIFA suspended Trinidad and Tobago on Thursday for "grave violations" of its statutes following a local court challenge to its…