The euro was paid at the close to 715.50 Costa Rican colones on average, a 3.64% increase compared to 690.40 Costa Rican colones on average the previous day.
With reference to the profitability of the last seven days, the euro accumulated an increase of 0.37%; on the other hand, in year-on-year terms it still maintains a decline of 3.01%. Compared to earlier dates, he put an end to four sessions of flat trend. As for the volatility of recent days, it is clearly higher than the data obtained for the last year (13.05%), which indicates that it is showing a more unstable behavior.
In the last year, the euro has changed by a high of 741.46 Costa Rican colones on average, while its lowest level has been 686.61 Costa Rican colones on average. The euro is placed closer to its maximum than its 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 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 Before, there were 1 and 2 colones, but these were withdrawn by the Central Bank of Costa Rica and no longer have market value.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, 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 an unemployment rate of 14%.
Agencies
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