Dollar Exchange Continues Down Trend
• Good for dollar loans, not so good for dollar wages

For almost a week straight the dollar exchange has been falling. This morning the official exchange set by the Banco Central de Costa Rica (BCCR) is ¢492.83 for the buy and ¢503.42 for the sell for every US dollar.

In trading in the wholesale market known as MONEX, the exchange rate this morning at ¢500.04 colones for every US dollar.

Banks, financing companies, currency exchanges, stock brokers, corporations and individuals can buy and sell U.S. dollars electronically in this wholesale market, with the minimum transaction volume is $1.000. Financial entities access the system through SINPE, the National Payments System, while individuals and businesses may access through the BCCR website.

For those with debts in dollars the downward trend can be beneficial.  Financial experts recommend that those with dollar loans make additional payments to decrease their outstanding balance.

The downward trend, however, is not such good news for those earning in dollars, for the downward trend also sees their wages drop.