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in Costa Rica

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

by Q COSTARICA Saturday 16 March 2019, 4:34 pm 2k Views

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.
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.
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