Home Tags Monex

Tag: monex

Dollar Tanks, Drops ¢19 This Week

Are We Being Played? The average price of the dollar in the wholesale market dropped ¢19.5 colones this week, while the Central Bank (Banco Central) reserves also continued to fall. The drop in the price of the dollar was influenced by a greater supply of...

Banks Throttle Back Slightly On The Dollar, As Spiral Upwads Continues

It's been a frantic week, a financial rollercoaster for the dollar exchange. In the week, the foreign currency appreciated by ¢18.39, opening last Friday at ¢601.25 and closing yesterday at ¢619.64 in the wholesale market. At some banks we saw a high of ¢630 colones...

Exchange rate pressures would hide end of the year seasonality when the dollar tends to fall

Throughout the year, the dollar exchange market experiences seasonal effects as a result of the demand or supply of the foreign currency. One of those moments would be between November and the beginning of the Christmas season in December. In that period, it is usual...

Dollar Crosses ¢600 Barrier

The dollar exchange  continued its rise this Friday, October 26, reaching above the ¢600 barrier, with the Banco Central (Central Bank) setting the sell rate for today at ¢601.40. The buy rate is ¢594.51. State and private banks were quick to respond. The rate at the Banco...

Price of the dollar continues to rise, already hits ¢600 at banks

The price of the dollar exchange continues to rise and the sale value at state banks close to ¢600, it is above that at some of the private banks. This morning, the Banco Central de Costa Rica (BCCR) - Central Bank - set the sell...

Rise in the Price of the US Dollar in Costa Rica

A rebound in demand for US dollars explains the increase of just over 5.36 colones registered in the price of the foreign currency with respect to the colon from the end of May to date. The price of the dollar in the wholesale Monex market...

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,...

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...

Slow Depreciation of Costa Rica Colon Continues

(QCOSTARICA) The dollar exchange rate in the wholesale Mercado de Monedas Extranjeras (MONEX) market has gone from ¢535.9 per one U.S. dollar in mid-March to ¢553.9 in the first week of September this year. Despite interventions by the Central Bank (Banco Central de Costa Rica...

TRENDING - 10 MOST POPULAR

LATEST