Sunday 11 April 2021

Dollar exchange reaches lowest for the year

Today, the dollar exchange set by the Banco Central (BCCR) is at ¢586.70 for the buy and ¢592.66 for the sell, the lowest in 2019 and a rate that was not seen since last October.

Seasonal effects such as the high season of tourism, which is associated with greater availability of U.S. dollars, and a slump in the commercial sector, which has resulted in fewer imports of goods have influenced the decline in the exchange rate.

- Advertisement -

It is also worth noting the dynamics of both internal and external interest rates that in the most recent months have stimulated investment in the national currency versus the dollar, according to economist Alberto Franco, of Ecoanálisis.

Since the beginning of the year, the dollar had fluctuated between ¢600 and ¢615.

On the possibility that the value of the dollar will continue to decline will depend a lot on the evolution of local and external interest rates in the coming months.

The exchange rate at the banks and financial institutions is also below ¢600 colones for the first time this year.

- Advertisement -

For example, the exchange rate the Banco de Costa Rica (BCR) this morning ¢584 for the buy and ¢587 for the sell; at the Banco Nacional (BN) ¢581.50 and ¢584.50.  Over at the private banks, Scotiabank, the exchange rate this morning is ¢580 and ¢595 and at the BAC Credomatic ¢583 and ¢595. See rates at all banks

- Advertisement -

FACT CHECK:
We strive for accuracy in its reports. But if you see something that doesn’t look right, send us an email. The Q reviews and updates its content regularly to ensure it’s accuracy.

Ricohttp://www.theqmedia.com
"Rico" is the crazy mind behind the Q media websites, a series of online magazines where everything is Q! In these times of new normal, stay at home. Stay safe. Stay healthy.

Related Articles

Costa Rica signs an agreement to become a full member of CAF

(BNamericas) - In order to strengthen the well-being of the population...

Interventions by the Central Bank will be key so that Colon does not depreciate this yea

QCOSTARICA - The notorious influence of the Central Bank (Banco Central)...

MOST READ

Argentina decrees night curfew after spike covid-19 contagion

Q24N (Buenos Aires) Nighttime driving will be prohibited in Argentina as of this Friday and for three weeks, a measure that is applied for...

“Nicaragua is not a Republic, it is a 16th century monarchy”

TODAY NICARAGUA – If he wins the presidency of Nicaragua, the first international trip that presidential candidate Arturo Cruz would make would be to...

Costa Rica Opens Land Borders To Tourists Starting Today

QCOSTARICA - Starting today, Monday, April 5, Costa Rica's land borders with Nicaragua and Panama will be gradually opened. Tourists who do not require an...

What Are The Best Dating Apps to Use in Costa Rica?

Pretty much everyone is looking for love online these days, whether they want a serious relationship or just a casual one. There are plenty...

Top 5 SaaS Cloud Apps To Check Out in 2021

The Software as a Service (SaaS) model isn’t something new at all. There are already several years since SaaS began to gain a lot...

Bolsonaro’s ‘genocidal’ Covid response has led to Brazilian catastrophe, Dilma Rousseff says

Q REPORTS (TheGuardian) Jair Bolsonaro’s perverse and “genocidal” response to one of the world’s deadliest Covid outbreaks has left Brazil “adrift on an ocean...

The Best Mobile Solitaire Games Ranked in 2021

Solitaire is simply the game you need to try in a lifetime. Some people say it’s for narcissists; others say that it’s for depressed...

April 11 Holiday WILL NOT Move To Monday

PURA VIDA - The Ministry of Labor  (Ministerio de Trabajo) reported Tuesday that, for the public and private sectors, the April 11 holiday that...

Daniel Ortega Among “Worst Leaders” During the Pandemic

TODAY NICARAGUA – Calling people into the streets for a festive parade “Love in the Time of Covid-19” earned Daniel Ortega and his wife...

WANT TO STAY UP TO DATE WITH THE LATEST!

Get our daily newsletter with the latest posts directly in your mailbox. Click on the subscribe and fill out the form. It's that simple!

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.