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COSTA RICA |
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The
Dollar in Costa Rica Keeps On Dropping in
Costa Rica
The US dollar dropped another ¢2 colones in
the sell exchange rate Monday over the close
on Friday. The sell rate today is ¢573.03,
dropping from ¢586.31 last Monday (November
1) when it began it's spiral downward.
The buy rate today is ¢563.03, compared to
¢575.44 last Monday.
The exchange rate is set by the Banco
Central de Costa Rica (BCCR) each day based
on market activity, used as benchmark by
financial instutions.
However, the dollar is faring even worse on
the wholesale market known as MONEX, where
the sell rate is even lower, at ¢568.56 and
the buy ¢565.56.
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