The US dollar was paid at the close to 643.37 Costa Rican colones, which meant a decrease of 0.65% compared to the previous day's price, when it was 647.60 Costa Rican colones.
Over the past seven days, the US dollar marked an increase of 2.1% and in the last year it still accumulated a rise of 6.06%. Comparing this figure with that of previous days, he reversed the result of the previous day where he experienced a rise of 1.76%, being unable to establish a recent defined trend. In the last week, volatility is clearly higher than the figure achieved for the last year (9.73%), so it shows greater changes than the general trend in value.
In the annual photo, the US dollar has reached a maximum of 647.60 Costa Rican colones, while its lowest level has been 621.72 Costa Rican colones. The US dollar is placed closer to its value than to the minimum.
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 Before, there were 1 and 2 colones, but these were withdrawn by the Central Bank of Costa Rica and no longer have market value.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 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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