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Costa Rica Dollar Exchange Rate Continues to Rise

The US dollar exchange rate closed at ¢572.04 on Thursday, the highest since January 2010.

Q COSTA RICA – In the first four months of the year the price of the dollar in the Monex wholesale market increased by almost 2%.

At the beginning of the year the exchange reference rate set by the Banco Central (Central Bank) was ¢548.18 colones to one U.S. dollar and closed Thursday (May 2) at ¢559.43 for the buy.

The sell rate at the beginning of 2017 was ¢561.60 and closed on Thursday at ¢572.04.

Related: Banco Central Proposes Change in Method for Calculating Exchange Rate

In the last 12 months devaluation accumulated 5.16%, according to the price in the wholesale market.

The Central Bank has insisted that it allows market forces to manifest themselves in the exchange rate, although it intervenes in order to avoid violent fluctuations.

Thursday’s closing is the highest since January 9, 2010 when the buy was ¢572.06 and sell ¢582.21 for one U.S dollar.

What the dollar exchange was at on this day in the past several years:

May 5, 2016 – buy: ¢531.20  / sell:¢543.71
May 5, 2015 – buy:¢526.27   / sell:¢538.16
May 5, 2014 – buy:¢544.82   / sell:¢559.63
May 5, 2013 – buy:¢493.51   / sell:¢504.68
May 5, 2012 – buy:¢502.10   / sell:¢512.97
May 5, 2011 – buy:¢496.79   / sell:¢507.45
May 5, 2010 – buy:¢505.94   / sell:¢515.99

Click here for the Central Bank’s historical record of the exchange reference rate dating back to 1983.

QTip: Use the date picker at the bottom of the page and “exportar” to download the data. Or “ir” and navigation to scroll through the pages of data.