After the opening of the session, the euro is trading at the opening at 716.53 Costa Rican colones on average, which represented an increase of 3.31% compared to 693.57 Costa Rican colones on average the previous day.
If we consider the data for the last week, the euro accumulated a 3.13% increase; however, for a year it has still been falling by 3.25%. If we compare the value with past days, add three successive rising dates. The volatility of the last seven days shows a visibly higher balance than the volatility shown in the last year's data, so it shows greater changes than the general trend in value.
In the last year, 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 closer to its maximum than its low.
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, 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 Before, there were 1 and 2 colones, but these were withdrawn by the Central Bank of Costa Rica and no longer have market value.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 an unemployment rate of 14%.
Agencies
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