Costa Rica: New Exchange Rate CalculationWith the new methodology, the Central Bank intends to better approximate the weighted average exchange rate of the dollar from all exchange transactions in the economy.Tuesday, July 4, 2017
From a statement issued by the Central Bank of Costa Rica: ¿Busca soluciones de inteligencia comercial para su empresa?Costa Rica: Increase in the Dollar PriceAugust 2018 After three months of relative stability, the price of the US currency compared to the Colón increased from ₡568 in mid-August to ₡571.6 at the end of the month. You Want Dollars? Have a billion!May 2017 At a press conference and in the face of continued exchange rate hikes, a Central Bank executive in Costa Rica said that if the public wanted to continue buying dollars, they had billions there. Costa Rica: Change in Method for Calculating Exchange RateApril 2017 The Central Bank proposes modifying the methodology to more appropriately approximate the average exchange rate of all exchange transactions in the economy. Costa Rica: Intervention to Stabilize Exchange RateMarch 2017 In one day the Central Bank sold $30 million on the wholesale foreign exchange market in order to moderate the upward trend that had been seen in the price of the dollar against the Colon.
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