Wednesday, 21 October 2020
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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...

Greater Stability in Dollar Exchange Expected

During 2019, the price of the dollar in Costa Rica registered multiple fluctuations; however, for this 2020, such abrupt variations are not expected, as the Banco Central de Costa Rica (BCCR) - Central Bank - starts the year with reserves close to US$9 billion. Data...

Do not be alarmed by the exchange rate

During the last week, there have been important movements in the exchange operations of the Non-Banking Public Sector (SPNB), which has raised the concerns of Costa Ricans about the possible effects that this could have on the exchange rate. Experts agree that the purchases made...

U.S. Dollar Exchange Falls ¢16

Official figures from the Banco Central de Costa Rica (BCCR) - Central Bank  - show a downward trend in the dollar exchange in recent weeks, due to the growing supply of dollars in the local market, which is explained in part by the revenue...

Dollar Exchange Increases

After the dollar exchange rate closed on August 23 at ¢565.88 per U.S. dollar in the MONEX wholesale market, an upward trend has been reported since then, the bigged changes occurring in the past several days, reaching ¢581.33 on Friday. Figures from the Banco Central...

Dollar In A Tailspin! Drops To May 2018 Exchange

The dollar exchange continues to drop, the official exchange rate this morning by the Central Bank set at ¢561.75 for the buy and ¢568.45 for the sell. The rate is the lowest since May 2018, according to data from the Central Bank. “The downward adjustment that...

Dollar Exchange Takes A Nose Dive!!!

The dollar exchange dropped almost ¢5 colones overnight, going from ¢578.21 for the sell and ¢589.05 for the buy on Monday, to ¢572.15 and ¢578.29, respectively, this Tuesday. On the Monex market, the dollar traded at ¢575.55 on Monday, ¢3.32 lower than Friday's close, almost...

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

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...

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...

Banks Throttle Back Slightly On The Dollar, As Spiral Upwads Continues

It's been a frantic week, a financial rollercoaster for the dollar exchange. In the week, the foreign currency appreciated by ¢18.39, opening last Friday at ¢601.25 and closing yesterday at ¢619.64 in the wholesale market. At some banks we saw a high of ¢630 colones...

Exchange rate pressures would hide end of the year seasonality when the dollar tends to fall

Throughout the year, the dollar exchange market experiences seasonal effects as a result of the demand or supply of the foreign currency. One of those moments would be between November and the beginning of the Christmas season in December. In that period, it is usual...

Dollar Crosses ¢600 Barrier

The dollar exchange  continued its rise this Friday, October 26, reaching above the ¢600 barrier, with the Banco Central (Central Bank) setting the sell rate for today at ¢601.40. The buy rate is ¢594.51. State and private banks were quick to respond. The rate at the Banco...

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...

Rise in the Price of the US Dollar in Costa Rica

A rebound in demand for US dollars explains the increase of just over 5.36 colones registered in the price of the foreign currency with respect to the colon from the end of May to date. The price of the dollar in the wholesale Monex market...

Central Bank’s Intervention to Stabilize Exchange Rate

Q MONEY - In the last several weeks we've seen the Dollar exchange rate go from 545/558 colones to one US Dollar in December to 555/568 to the beginning of this month and then in the last few days drop to today's 552/565. But why,...

Error In Wholesale Currency Exchange System Allowed Someone To Purchase U.S. Dollars At ¢5.555 colones

Q COSTA RICA NEWS - How would you like to buy one U.S. dollar at the rate of ¢5.555 colones? Someone(s) did this week, due to an error in the system in the first transaction of the day of the Monex wholesale currency market. The Mercado...

Slow Depreciation of Costa Rica Colon Continues

(QCOSTARICA) The dollar exchange rate in the wholesale Mercado de Monedas Extranjeras (MONEX) market has gone from ¢535.9 per one U.S. dollar in mid-March to ¢553.9 in the first week of September this year. Despite interventions by the Central Bank (Banco Central de Costa Rica...

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