The US dollar is trading at the opening at 639.90 Costa Rican colones, which meant a decrease of 0.54% from 643.37 Costa Rican colones the previous day.
Compared to last week, the US dollar accumulated a rise of 0.5%, so that for a year it has still accumulated an increase of 5.52%. As for the changes of this day from past dates, it adds two consecutive sessions in negative values. The volatility for the last week is 13.72%, which is significantly higher than the annual volatility figure (9.68%), which shows that it shows greater changes than the general trend in value.
In the annual photo, the US dollar has reached a maximum of 647.60 Costa Rican colones, while its lowest level has been 621.72 Costa Rican colones. The US dollar is positioned closer to its value than to the minimum.
The Costa Rican currency
The Costa Rican colon, named after the figure of Christopher Columbus, is the legal tender in Costa Rica that is also divided into 100 equal parts called cents.
After its independence, in 1821, the country abandoned the use of the Spanish currency and switched to using the real and then opting for the peso, it was not until 1986 that the use of the colón as a legal currency was determined.
It should be noted that today the coins in circulation are those of 5, 10, 25, 50, 100 and 500 colones. Before, there were 1 and 2 colones, but these were withdrawn by the Central Bank of Costa Rica and no longer have market value. As for banknotes, there are 1 000, 2 000, 5 000, 10 000, 20 000 and 50 000.
In Costa Rica, 100 colones coins are also known as “a tile”, 1000 banknotes are known as “a red” and the 5000 colones as “a toucan”, this due to the images that were previously printed on the money on the back.
According to the Central Bank, the economy closed 2021 with growth of 7.6 percent, becoming the highest rate of increase since 2008. It was also placed above all forecasts.
On the other hand, the organization also expects Costa Rican production to show improvements of 5.4 percent by 2022. However, the country will also have to deal with poverty of 23% and unemployment of 14%.
Agencies
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