The US dollar is trading at the opening at 644.73 Costa Rican colones on average, representing an increase of 0.38% compared to the previous day's figure of 642.28 Costa Rican colones on average.
Compared to last week, the US dollar recorded a rise of 1.64%, so in the last year it still accumulated an increase of 6.05%. Compared to previous days, it adds two consecutive climb sessions. The volatility figure is clearly higher than that accumulated in the last year, therefore it shows greater variations 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 on average, while its lowest level has been 621.72 Costa Rican colones on average. The US dollar is 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 Before, there were 1 and 2 colones, but these were withdrawn by the Central Bank of Costa Rica and no longer have market value.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 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 unemployment of 14%.
Agencies
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