Insidecostarica.com | Costa Rica Daily News and Information

Dollar May Hit ¢550 Plus By Week's End

Will the dollar exchange hit ¢550 or higher in the coming days or week? One group, INS Valores, seems to think so.

Experts say the rise of almost ¢20 colones the past week is expected to continue and the dollar exchange should hit ¢550 if the momentum continues.

It is not clear why the dollar exchange is gaining ground, though the consensus of the majority is "speculation".

On Friday (May 7) the sell for the dollar hit ¢532.78 and the sell ¢544.43, that from a low of ¢503.29 (buy) and ¢513.17 (sell) on Tuesday (May 3).

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