The price of the dollar in Costa Rica continues to fall, reaching levels that have not been registered for more than two decades. According to the Foreign Exchange Market, known as the Monex, the average exchange rate closed on Thursday, January 15 at ¢487.51, showing a decrease compared to previous days.
Compared to the previous day, the value dropped ¢2.54, and if measured against the previous Thursday, the accumulated reduction was ¢10.79, which represents a weekly variation of approximately -2.16%.
During the same day, more than 57 million dollars were traded in a total of 304 transactions.
At bank counters, the exchange rate also remains below ¢500: in public banks, the sale is between ¢494 and ¢497, while in private banks it oscillates between ¢494 and ¢500.
Specialists point out that this behavior responds to seasonal factors such as tourism and foreign currency inflows at the beginning of the year, in addition to an important component linked to market expectations.
This is a news service prepared by ICS. For more information on the story, write to info@ics.cr or call 2519-9992 ICS, tax specialists.