Insidecostarica.com | Costa Rica Daily News and Information

Experts Say The Trend Of The Dollar Is Now Unpredictable

On Tuesday the dollar exchange rate against the Costa Rican colon touched a low that has not been seen in years, leaving financial experts saying that the trend is unpredictable.

The low dollar is bad news for those who earn or have savings in dollars and spend in colones.

The Banco Central de Costa Rica (BCCR) - Central Bank - set the reference rate this morning at ¢512.48 for the buy and ¢522.46 for the sell. Click here for an historical look at the exchange from 1983 to present.

The rate is the lowest in several years and is close to the bottom of the bands set by the Central Bank which has maintained at ¢500 colones per one US dollar. The high of the band is ¢623.

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