June 23, 2024

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Dollar: opening price today, May 30, in Costa Rica

Dollar: opening price today, May 30, in Costa Rica

The high influx of foreign tourism makes the dollar one of the most important currencies in Costa Rica. (Giovanni Perez)

he American dollar It is negotiated at the beginning of the sessions 520.35 Costa Rican Colons on averageWhich represents a change of 3.59% compared to 502.33 colones the previous day.

And last week, American dollar represents an increase in 4.1%% Although, on the contrary, a year ago it still accumulates a decline in 1.2%.

Regarding the differences of this day compared to the previous days, it brings together three consecutive sessions of positive values. Last week, volatility was clearly higher than the figures achieved last year (20.96%), showing itself as an asset with larger than usual variations.

he National Bank of Costa Rica (BCCR) It is expected that by 2024 the “liquidity abundance” of foreign currency will be maintained and we are unlikely to observe significant upward pressure on the exchange rate.

Javier CortesInvestment strategist BN SecuritiesThe same central bank in the Central American country is expected to continue absorbing the excess supply of dollars for this year, which is why the assessment of the national economy should be moderate.

In a global context characterized by moderation Economic inflation And the Increase interest ratesThe economic outlook is good for the current year, but there is concern about 2025.

Emmanuel Aguero Quesada, member of the International Center for Economic Policy for Sustainable Development of the National University (CINPE-UNA), told Semanario University that there is optimism due to the economic growth that will occur. United State In 2023.

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he Costa Rican colonNamed after the character of Christopher Columbus, the legal tender in Costa Rica is also divided into 100 equal parts called centimos.

After its independence in 1821, the country abandoned the use of the Spanish currency and began using the real and then opted for the peso. However, the use of the colon as legal tender was not established until 1986.

It should be noted that the coins in circulation today are in denominations of 5, 10, 25, 50, 100 and 500 colones. Previously there were 1 and 2 colons, but they were removed by Central Bank of Costa Rica They no longer have value in the market. As for bills, there are 1000, 2000, 5000, 10000, 20000 and 50000.

In Costa Rica, 100-colone coins are also called “una teja”, 1000-colone notes are known as “red” and 5000-colone notes are known as “toucans”, due to the images that were previously printed on the money in it. Time is the opposite.