Dollar Drops
˘10 In A Week
If you haven't noticed
the US dollar has been
dropping in the exchange
rate against the Costa
Rican Colon.
In the past week the
dollar has dropped from
˘551.52 for the buy and
˘561.27 for the sell to
today's ˘540.99 and
˘550.75, a difference of
˘10.53 and ˘10.52,
respectively, on the
reference rate set by
the Banco Central de
Costa Rica (BCCR) -
Central Bank.
The actual exchange rate
at the various banks
this morning is ˘535 for
the buy and ˘544 for the
sell at Scotiabank; ˘539
and ˘548 at the Banco de
Costa Rica (BCR).
The Banco Nacional (BN)
is offering one of the
best exchange rates,
˘539.5 and ˘549.5.
However, that may change
in the next few hours.
We can only speculate as
to the whys. Central
Bank officials say it is
due to an oversupply of
dollars in the market
and low seasonal demand
for the currency.
For a complete and
updated list of the
exchange rate offered by
all financial
institutions go to:
www.bccr.fi.cr
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