The US dollar traded at the close at 637.66 Costa Rican colones, up 0.33% against 635.53 Costa Rican colones the day before.
Compared to the last seven days, the US dollar marked an increase of 0.2%, so that in year-on-year terms it still accumulates a rise of 5.35%. As for the changes of this day compared to past dates, it turned the data from the previous day where it experienced a decrease of 1.86%, without being able to establish a clear trend recently. With reference to the volatility of the last week, it presented a balance that was clearly higher than the volatility shown in the last year's data, which shows that it shows greater changes than the general trend in value.
In the annual photo, the US dollar has even changed by a high 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, however, it was until 1986 that the use of the colón as a legal currency was determined.
It should be noted that currently the coins in circulation are 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 Before, there were 1 and 2 colones, but these were withdrawn by the Central Bank of Costa Rica and no longer have market value.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 the coins of 100 colones are also called “a tile”, the 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 agency also expects production in Costa Rica to show improvements of 5.4 percent by 2022. However, the country will also have to deal with poverty of 23% and an unemployment rate of 14%.
Agencies
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