Closing value of the dollar in Costa Rica on May 16 from the US dollar to the CRC

he American dollar Paid at closing for 505.84 Costa Rican Colons on averageso it means a change of 1.31% compared to 499.28 colones the previous day.

If we look at last week’s data,… American dollar Accumulates an increase of 1.39%; But for a year it still accumulates a decline in 3.28%.

Compared to the previous days, this value has crossed the negative line it was on in the previous three days. The volatility figure showed a lower performance than the volatility shown in last year’s data, which indicates that its price is showing less changes than the general trend indicates in recent days.

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 in interest ratesThe economic outlook is positive for the current year, but there is concern for 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.

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 known as “una teja”, 1,000-colone bills are known as “reds” and 5,000-colone bills are known as “toucans”, due to the images previously printed on the money.