Saturday 8 May 2021

Majority of Businessmen Believe Dollar Exchange Rate May Be Over ¢560 This Year

Printing US dollar banknotes

QCOSTARICA BUSINESS ( Three quarters (74.1%) of businessmen said that during the year the dollar exchange will go over ¢560 colones, while 25.9% feel it will be lower, according to the latest Encuesta Barómetro de Empresas (Business Barometer Survey) conducted by Deloitte Costa Rica.

Some 31.1% of the respondents said that they believe that within the year the dollar exchange rate will be between ¢560 and ¢570 colones; 17.8% saying they expect the rate to be between ¢570 and ¢580; while 11.1% said they expected it between ¢580 and ¢590.

- Advertisement -

A minority, 7.4%, said that this macroeconomic indicator will be between ¢590 and ¢600, while 6.7% said the exchange rate will be over ¢600.

The survey took in the response of 137 senior executives from national and international companies operating in the country with annual revenues of more than US$10 million dollars. The survey was taken between October 13 and November 7, 2014.

The Superintendent of Financial Institutions (SUGEF), Javier Cascante, said that the financial regulator is evaluating the situation debtors may face with any increase in interest rates and changes in the exchange rate, warning of the risks.


- Advertisement -

“The environment in which the domestic financial system operates there are risks, within which highlights the possible increase in interest rates, both for local reasons such as the fiscal deficit and external causes as the decisions of the US Federal Reserve and behavior of the US economy,” said Cascante on Radio Plancha.

- Advertisement -

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.

"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

Today’s Covid-19 News: New infections continue over 2K daily, despite drop in R rate

QCOSTARICA - The Covid-19 infection rate in Costa Rica dropped, but...

Mexico City reduces restrictions due to sustained decline in cases of covid-19

Q24N - Mexico City will reduce social distancing measures as of...


Improvements begin at Quepos airport

QCOSTARICA - With the objective of boosting connectivity, regional tourism and the economic reactivation of the area, work started this Wednesday on the improvements...

7 out of 10 Costa Ricans accept the coronavirus vaccine; 3 doubt or reject it

QCOSTARICA - Seven out of ten people in Costa Rica accept getting the covid-19 vaccine, while the other three have doubts, reject it or...

The Economist Sees Ortega Clinging to Power

TODAY NICARAGUA (Confidencial) Six months before the general elections in Nicaragua, The Economist Intelligence Unit (EIU) predicts that the regime of Daniel Ortega and Rosario...

Airport Police apprehend American carrying crocodile head

QCOSTARICA - Authorities from the Air Surveillance Service (SVA) - airport police - apprehended an American named Dale, who was in possession of an...

Judiciary compensates teacher taken off a plane by mistake for not paying alimony

QCOSTARICA - A PhysEd teacher managed to get the Judiciary to agree to pay him just over ¢1.2 million colones (US$2,000) for taking him...

San Jose and Central Valley woke up this morning to closures and vehicular restrictions

QCOSTARICA - Due to the increase in covid infections in the middle of the third pandemic wave, the Government ordered the closure of non-essential...

Ousting of El Salvador’s Top Prosecutor Imperils Rule of Law - The decision by legislators aligned with El Salvador’s President Nayib Bukele to oust the country’s top prosecutor may spell the end of...

Today’s Covid News: 2,555 new cases on Wednesday; 1,123 in hospital

QCOSTARICA - Following a drop of new cases of covid-19 over the long weekend, the ugly head of the virus resurfaced on Wednesday with...

Salvadorans take to the streets to stop the start of the Bukele dictatorship

Q24N - The president of El Salvador, Nayib Bukele, announced on Monday the possibility of continuing with the removal of officials, two days after...


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.