Dollar: opening price today, May 24, in Costa Rica

he American dollar Paid at the beginning of the session 512.37 Costa Rican Colons on averagewhich means a change of 2.45% compared to 500.11 colones the day before.

Regarding last week, American dollar Record an increase in 1.36%%; However, on an annual basis, there is still a decline in 5.04%.

Compared to previous days, it witnessed four consecutive sessions in the green. The volatility figure is 19.94%, which is slightly lower than the annual volatility figure (20.86%), and shows itself as a value with smaller variations than expected recently.

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

Javier CortesInvestment strategist BN SecuritiesThe Central American country’s same central bank is expected to continue absorbing the excess supply of dollars by 2024, 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 for the current year is positive, but there is concern for the coming year.

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.

Upon its independence, in 1821, the country abandoned the use of the Spanish currency and began using the real and then opted for the peso. The use of 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.