The euro traded at the close at 716.11 Costa Rican colones on average, an increase of 3.25% compared to 693.57 Costa Rican colones on average the previous day.
Taking into account last week, the euro marked an increase of 3.07%; however, in the last year it still retains a decline of 3.31%. With regard to past days, he chained three successive days in green. In the last week, volatility showed a clearly higher balance than the volatility reflected in last year's data, which shows that it is going through a phase of instability.
In the annual photo, the euro has even 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 value than to the minimum.
Costa Rican
Colon 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 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 Before, there were 1 and 2 colones, but these were withdrawn by the Central Bank of Costa Rica and no longer have market value.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 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 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%.
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Agencies