Tuesday 21 September 2021

Costa Rica Colon The Most Stable Currency In Latin America

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201508092250471.MaMNotacolonQCOSTARICA – 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 least variation have been those of Central America.

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Countries that have suffered major changes are Colombia and Brazil, where, in only 12 months, their currencies have lost more than 50% against the U.S. dollar.

Venezuela is not included given the divergence between the official exchange rate and that of the streets.

 

Costa Rica 545,1 540,8 -0,8%
Guatemala 8,0 7,8 -1,3%
Bolivia 7,1 7,2 1,0%
Nicaragua 26,5 27,5 4,1%
Honduras 21,3 22,3 4,9%
Argentina 8,3 9,2 10,8%
Peru 2,9 3,2 13,4%
Chile 579,4 678,1 17,0%
Uruguay 24,1 29,1 20,8%
Paraguay 4.364,8 5.322,7 21,9%
Mexico 13,2 16,2 23,2%
Brasil 2,3 3,4 51,7%
Colombia 1.890,6 2.911,0 54,0%

From Banco Central ce Costa Rica and OANDA

Source: Larepublica.net – El colón es la moneda más estable de Latinoamérica

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