Friday 27 January 2023

Dollar exchange reinforces cyclical behavior with a low in mid-March

Experts say, historically, the month of March shows a downward trend in the dollar exchange.

Paying the bills

Latest

“The Brothers” Revisited

First I want to thank Ricoopinion of Q Costa...

Costa Rica activates advertising campaign in New York, Chicago and Toronto

QCOSTARICA - The millions of vehicle passengers and passersby...

Costa Rica in 2022 recovered 75% of tourists who visited the country prior to the pandemic

QCOSTARICA - Costa Rica closed the year 2022 with...

Costa Rica to normalize consular relations with Venezuela

QCOSTARICA - The government of Rodrigo Chaves will start...

Why do you have to be at airport 3 hours before?

QCOSTARICA - Two hours for a domestic flight and...

In Costa Rica: dollar collapses and prices remain high?

QCOSTARICA - The dollar exchange has fallen ¢32 colones...

Unemployment and cost of living are the main challenges in 2023

QCOSTARICA - The only way to alleviate the rise...

Dollar Exchange

¢556.75 Buy

¢563.87 Sell

27 January 2023 - At The Banks - BCCR

Paying the bills

Share

As it occurred three months ago, the dollar exchange fell this week, dropping ¢11.82 colones in the last several days.

On December 15 last, the buy dropped to ¢593.21 and the sell to ¢598.69 after reaching a high of ¢605 / ¢610.79 weeks earlier.

- Advertisement -

In the weeks to January 15, the exchange rate had recovered to ¢599.81 / ¢606.63, hitting a high of ¢608.51 / ¢616.45 on February 6, then dropping back down to ¢607.17 / ¢612.42 by February 15.

From there, there has been a constant moving up and down a colon here and there until last week, when it started a slide downward, dropping the buy back down to under ¢600 on March 14, when the Banco Central posted a reference rate of ¢599.23 / ¢604.75.

This morning, March 16, the BCCR reference rate is ¢594.28 for the buy and ¢600.62 for the sell.

Will move back up again? Or it will drop even further?

Experts explain, historically, the month of March shows a downward trend in the dollar exchange rate because there is an oversupply of dollars in the market due to one of the important factors, the quarterly payment of corporate income tax.

- Advertisement -
Paying the bills
Avatar photo
Q Costa Rica
Reports by QCR staff

Related Articles

In Costa Rica: dollar collapses and prices remain high?

QCOSTARICA - The dollar exchange has fallen ¢32 colones so far...

Government will take measures against the drop in the dollar exchange rate

QCOSTARICA - Given the behavior of the dollar exchange rate, Costa...

Subscribe to our stories

To be updated with all the latest news, offers and special announcements.