Saturday, 26 September 2020

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.

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.

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.

- paying the bills -

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.

- paying the bills -
- paying the bills -
Q Costa Rica
Q Costa Rica
Reports by QCR staff

Related Articles

Do not be alarmed by dollar exchange at ¢600, it is a cyclical behavior

(QCOSTARICA) The behavior of the dollar exchange in recent weeks has...

Sinpe Móvil transfers grow by leaps and bounds in 2020

(QCOSTARICA) Money transfers in Costa Rica through the SINPE Móvil by...

MOST READ

Bolivia descends into chaos ahead of elections

(Q24N) With roughly one month to go until the Bolivian general election, the country is descending into violent political strife. On September 20, for...

Costa Rica extends tourist visas until March 2, 2021

(QCOSTARICA) Costa Rica's immigration service, the Dirección General de Migración y Extranjería Costa Rica (DGME) announced today, Monday, September 21, the extension of tourist...

10 points to Costa Rica’s migratory situation in the face of COVID-19

(QCOSTARICA) Since last March 6, when the first case of positive case for Coronavirus was reported in Costa Rica, unleashed was a series of...

What are the symptoms of COVID-19?

Some people infected with the virus have no symptoms. When the virus does cause symptoms, common ones include fever, body ache, dry cough, fatigue,...

12 years in jail for minor for participating in murder of Karolay Serrano

(QCOSTARICA) The cry for justice for the murder of Karolay Serrano Cordero, 26, was heard Monday afternoon, September 21, in the courts of Heredia,...

Chirripó Park once again welcomes tourists in search of fresh air and cleansing the mind

(QCOSTARICA) Starting in October, the Chirripó National Park will once again receive tourists who await landscapes of starry skies, silent mountain sunrises and fresh...

Let's Keep This Going!

To be updated with all the latest news and information about Costa Rica and Latin America.

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.