The US dollar is trading at the opening at 644.51 Costa Rican colones on average, which represented a 2.46% increase from the value of the previous day, which was 629.03 Costa Rican colones on average.
Compared to the last seven days, the US dollar marked a rise of 2.21%, so for a year it has still maintained an increase of 6.03%. Comparing this data with that of previous days, it reverses the price of the previous day, in which it obtained a decrease of 2.37%, showing itself unable to establish a trend in recent dates. In reference to the volatility of the last week, it is 25.97%, which is significantly higher than the annual volatility figure (10.27%), indicating that the value undergoes greater changes than the general trend.
In the annual photo, the US dollar has reached a maximum of 647.60 Costa Rican colones on average, while its lowest level has been 621.72 Costa Rican colones on average. The US dollar is positioned closer to its value than to the minimum.
Costa Rican
Colon The Costa Rican colon, named after the figure of Christopher Columbus, is the legal tender in Costa Rica that is also divided into 100 equal parts called cents.
After its independence, in 1821, the country abandoned the use of the Spanish currency and switched to using the real and then opting for the peso, it was not until 1986 that the use of the colón as a legal currency was determined.
It should be noted that currently the coins in circulation are 5, 10, 25, 50, 100 and 500 colones. Before, there were 1 and 2 colones, but these were withdrawn by the Central Bank of Costa Rica and no longer have market value. As for banknotes, there are 1 000, 2 000, 5 000, 10 000, 20 000 and 50 000.
In Costa Rica, 100 colones coins are also known as “a tile”, 1000 banknotes are known as “a red” and the 5000 colones as “a toucan”, this due to the images that were previously printed on the money on the back.
According to the Central Bank, the economy closed 2021 with growth of 7.6 percent, becoming the highest rate of increase since 2008. It was also placed above all forecasts.
On the other hand, the agency also expects production in Costa Rica to show improvements of 5.4 percent by 2022. However, the country will also have to deal with poverty of 23% and unemployment of 14%.
Agencies
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