• Costa Rica Real Estate

Holiday brings jump in dollar exchange rate at Costa Rica banks

December 23, 2014

After a long period of stability the U.S. dollar exchange rate this week showed an upward trend at both public and private banks in the country.

Last week, the exchange rate remained stable at ₡538 for sell and ₡526 for buy. On Monday, however, the price of the U.S. currency began climbing, and on Tuesday, the country’s banks registered rapid increases of ₡4 to ₡8 per dollar.

Costa Rica’s Central Bank on Tuesday reported the official exchange rates at ₡542.47 for selling and at ₡530.47 for buying.

The sell price at state-owned banks remained stable at ₡545, while buy prices varied from ₡532 to ₡535. At private banks, dollar sales reached almost ₡546, and buying ranged from ₡532 to ₡535.

The presence of dollars in the local market generally increases in December as companies in the early days of the month exchange dollar investements into colones to pay taxes, Christmas bonuses and other obligations.

Usually the rate drops once businesses have complied with these transactions.

Facebook Comments

You may be interested

A road trip down Costa Rica’s Costanera
Southern Zone
27 views
Southern Zone
27 views

A road trip down Costa Rica’s Costanera

Alejandro Zúñiga - August 16, 2019

Route 34, better known as the Costanera, is a two-lane highway on Costa Rica's Pacific Coast. Not fully completed until…

Tico Talk for expats and tourists: Part 7
Arts & Culture
10457 views
Arts & Culture
10457 views

Tico Talk for expats and tourists: Part 7

Christopher Howard - August 16, 2019

You can’t call yourself fluent in Costa Rican Spanish unless you understand its slang. Over the past several weeks, we…

Costa Rica celebrates Mother’s Day
Mother's Day
66 views
Mother's Day
66 views

Costa Rica celebrates Mother’s Day

The Tico Times - August 15, 2019

Happy Mother's Day from all of us at The Tico Times! Día de la Madre is a national holiday and…

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