After the opening of the trading session, the US dollar is paid at the opening to 650.24 Costa Rican colones on average, which represented an increase of 2.91% compared to the price of the previous day, which was 631.85 Costa Rican colones on average.
Over the past seven days, the US dollar has increased by 3.61%, so that in year-on-year terms it still accumulates an increase of 6.95%. As for the variations of this day with respect to past dates, it chains two consecutive days in green. As for the volatility of the last few days, it is notoriously higher than that accumulated in the last year, showing itself as an asset with greater changes than usual.
In the annual photo, the US dollar has reached a maximum of 650.24 Costa Rican colones on average, while its lowest level has been 621.72 Costa Rican colones on average.
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 Before, there were 1 and 2 colones, but these were withdrawn by the Central Bank of Costa Rica and no longer have market value.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 an unemployment rate of 14%.
Agencies
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