• Costa Rica Real Estate

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.

Facebook Comments

You may be interested

Liberia airport improvements nearly complete, government says
Costa Rica
8 views
Costa Rica
8 views

Liberia airport improvements nearly complete, government says

Alejandro Zúñiga - October 16, 2019

Improvements to the runway at Daniel Oduber Quirós International Airport (LIR) in Liberia, Guanacaste are expected to be completed by…

CNE evaluating damages after heavy rains in Guanacaste
Costa Rica
17 views
Costa Rica
17 views

CNE evaluating damages after heavy rains in Guanacaste

Alejandro Zúñiga - October 16, 2019

The National Emergency Commission (CNE) has begun evaluating damages after heavy rainfall damaged infrastructure and forced some evacuations in northern…

Experts urge action to reduce inequalities of black Latin American population
Costa Rica
32 views
Costa Rica
32 views

Experts urge action to reduce inequalities of black Latin American population

AFP and The Tico Times - October 15, 2019

Latin American authorities and specialists urged Tuesday in Costa Rica for countries to adopt strategies to eliminate the inequalities that…

Do NOT follow this link or you will be banned from the site!