Dollar continues its gains against Costa Rica’s colon

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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.

 

 

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    • disgusted

      Yesterday PriceSmart was giving 514.56 to the dollar the highest I have seen for a long time. Another exchange place downtown Central avenue mall near Hotel Presidente he was giving 520 to the dollar.

    • http://markharai.com/ Mark Harai

      Geesh, it’s about time! :o

    • Karen Mata

      Check the colon/dollar chart over the past decade. Prior to the peg the dollar was growing along a straight line. This was actually tracking inflation of the colon. If you continue the uptrend the dollar should now be about 700.