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dollar exchange

More Ticos Than Ever Are Travelling Abroad, Survey Reveals

More Ticos Than Ever Are Travelling Abroad, Survey Reveals

Q COSTA RICA – The numbers are in, low airfares, the arrival of low-cost airlines and stable dollar exchange rate, has resulted in more Costa Ricans (Ticos) are travelling abroad. According to the information provided by the Instituto Costarricense de Turismo (ICT) – the Costa Rican Tourism Board, and the Dirección General de Migración y […]

Central Bank’s Intervention to Stabilize Exchange Rate

Central Bank’s Intervention to Stabilize Exchange Rate

Q MONEY – In the last several weeks we’ve seen the Dollar exchange rate go from 545/558 colones to one US Dollar in December to 555/568 to the beginning of this month and then in the last few days drop to today’s 552/565. But why, without asking why hasn’t the Colon/Dollar exchange shifter similar to […]

Error In Wholesale Currency Exchange System Allowed Someone To Purchase U.S. Dollars At ¢5.555 colones

Error In Wholesale Currency Exchange System Allowed Someone To Purchase U.S. Dollars At ¢5.555 colones

Q COSTA RICA NEWS – How would you like to buy one U.S. dollar at the rate of ¢5.555 colones? Someone(s) did this week, due to an error in the system in the first transaction of the day of the Monex wholesale currency market. The Mercado de Monedas Extranjeras (MONEX), since 2006, is the Central Bank’s […]

Dollar Exchange in Costa Rica

Dollar Exchange in Costa Rica

QCOSTARICA – After more than two years of virtual immobility, the dollar started a rise (more than 5 colones since Monday) this week, which has been linked to changes in external variables, accompanied by a concentration of credit in the US currency. Accompanying this depreciation of the local currency is an increase in the benchmark […]

Costa Rica Colon The Most Stable Currency In Latin America

Costa Rica Colon The Most Stable Currency In Latin America

QCOSTARICA – While devaluations are occurring all around, the Costa Rica Colon, the country’s currency, remains stable with the least variation against the U.S. dollar in the last 12 months. In August (10) last year, the dollar exchange was ¢545, while today it is ¢541, less than 1% difference. In general, the countries with the […]