Tag: dollar
Banco Central faces 2021 with less room to intervene in the exchange market
QCOSTARICA - After spending about one billion dollars last year, the Banco Central de Costa Rica (BCCR) - Central Bank of Costa Rica - starts 2021 with less room for maneuver than it had at the beginning of 2020 to intervene in the exchange...
Colon will not depreciate in 2021, according to specialists
QCOSTARICA - What will happen to the dollar exchange rate in 2021? Will there be turbulence and uncertainty, or will there be relative calm?
Investors, exporters, debtors, and wage earners would enjoy a stable dollar, close to ¢600 colones, according to analysts consulted by La...
Dollar exchange now two and a half months above ¢600
QCOSTARICA - Since September 18, the price of the dollar exchange has remained above ¢600 and analysts do not expect a significant drop for the remainder of the year.
This week the average exchange in the Monex market fell ¢4.88 and ended on Friday, December...
Dollar drops ¢10 this week due to year-end seasonality
QCOSTARICA - The dollar exchange fell ¢10.38 this week as a result of the traditional sales of foreign currency made by companies to pay bonuses and other end-of-year commitments.
This is how two economists consider it: Noberto Zúñiga, from Ecoanálisis and the Academia de Centroamérica,...
Dollar exchange stable for two weeks
QCOSTARICA - The dollar exchange rate against the colon fulfilled two weeks of stability this Monday, after several weeks of increases.
The exchange closed this Monday, October 19, at ¢603.49, in the Foreign Currency Market (Monex), administered by the Central Bank of Costa Rica (BCCR).
The...
BCCR injected almost US$54 million in two weeks to avoid a further escalation of the dollar price
QCOSTARICA - The Central Bank of Costa Rica (BCCR) sold US$53.6 million in the wholesale market, in the last 14 days, to avoid a further escalation in the dollar exchange price.
Prior to these two weeks, the Central Bank had only provided liquidity for US$17.4...
Fiscal uncertainty and seasonality influence an increase in the dollar exchange
(QCOSTARICA) The dollar exchange rate has maintained an upward trend for the past two weeks, since September 14, increasing ¢9.11 colones.
Between the 14th and the 28th of this month, the average exchange in the Monex market increased reached ¢604.52 on September 28, while the...
Do you need to buy dollars? Exchange rate has fallen since November 5
The end of November could be a likely good time to buy dollars, specifically if you take into account the value of the currency since the beginning of the month.
The price of the U.S. dollar in the Foreign Currency Market (Monex) registered a decline...
Savers Inclined To Save In Dollars
Savers in Costa Rica maintain a preference for saving their money in dollars, above doing so in colones, the national currency.
Saving in colones has not only become less attractive but also stopped growing. According to Banco Central, the inclination towards foreign currency (dollars) is...
Dollar Tanks, Drops ¢19 This Week
Are We Being Played? The average price of the dollar in the wholesale market dropped ¢19.5 colones this week, while the Central Bank (Banco Central) reserves also continued to fall.
The drop in the price of the dollar was influenced by a greater supply of...
Hello, Devaluation! Central Bank ‘Got Tired’ Of Spending Reserves To Curb Rise In The Dollar
On Wednesday, October 31, 2018, the dollar exchange moved from one to the next in a way it has never done before, up ¢10 colones in the wholesale market (Monex) and ¢15 in the retail market (banks).
The dollar exchange reference rate posted this morning...
Strong Demand Pushes Up US Dollar Exchange
The strong demand for the US dollar that remains in the foreign exchange market, compared to the available supply, raised this Tuesday, October 30, again, the average price of the dollar in the wholesale market, up to ¢609.90, a rise in ¢4.84 compared to...
Price of the dollar continues to rise, already hits ¢600 at banks
The price of the dollar exchange continues to rise and the sale value at state banks close to ¢600, it is above that at some of the private banks.
This morning, the Banco Central de Costa Rica (BCCR) - Central Bank - set the sell...
Colombia peso boosted by weak dollar and rising oil prices
The US dollar has lost more than 5% of its value against Colombia’s peso over the past month, partly because of an increase in price of Colombia’s primary export product, oil.
The peso has not just increased in value against the dollar. The Colombian currency...
Public Demanded More Dollars in Banks in First Week of Managed Float
COSTA RICA BUSINESS NEWS - In the first week of the managed float, Central Bank (Banco Central de Costa Rica - BCCR) authorities observed a varied behaviour in the exchange market: participants trading only with financial institutions, were demanding more dollars, while participants in...
