February 4th, 2014 (InsideCostaRica.com) The US dollar gained additional ground against Costa Rica’s colon in yesterday’s trading on the Monex wholesale market.
Trading throughout the day averaged ¢519, the highest level since October 9th, 2011.
As of yesterday, the dollar had added ¢11.21 since last Tuesday.
At retail banks yesterday, the purchase price of the greenback ranged between ¢505 and ¢515, while the sell price ranged between ¢523 and ¢527.
This morning, Costa Rica’s Central Bank (BCCR) set its reference rates at ¢510.15 (buy) and ¢524.82 (sell).
Earlier this month it was predicted that the dollar could see gains in Costa Rica as the United States pulls back on its “stimulus” expansionary monetary policy, which analysts said could drive some capital back to the US.
The dollar’s current rally began on January 29th, when the dollar gained ¢6.55 on the Monex market in a single day.