On the last day, the euro traded at 715.49 Costa Rican colones at the close, an average increase of 3.26% compared to 692.89 Costa Rican colones on average the previous day.
Over the past seven days, the euro has risen by 2.07%; however, in the last year it still has a 3.43% decline. Comparing this data with that of previous days, he added two consecutive sessions in positive digits. In reference to the volatility of the last week, it is clearly higher than the numbers achieved for the last year (12.99%), which shows that the value undergoes greater changes than the general trend.
In the annual photo, the euro has reached a maximum of 741.46 Costa Rican colones on average, while its lowest level has been 686.61 Costa Rican colones on average. The euro is positioned closer to its maximum than its low.
The Costa Rican currency
The Costa Rican colón, 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 Before, there were 1 and 2 colones, but these were withdrawn by the Central Bank of Costa Rica and no longer have market value.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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