Costa Rica Dollar Exchange Rate Continues to Rise

The US dollar exchange rate closed at ¢572.04 on Thursday, the highest since January 2010.
Q COSTA RICA – In the first four months of the year the price of the dollar in the Monex wholesale market increased by almost 2%.
At the beginning of the year the exchange reference rate set by the Banco Central (Central Bank) was ¢548.18 colones to one U.S. dollar and closed Thursday (May 2) at ¢559.43 for the buy.
The sell rate at the beginning of 2017 was ¢561.60 and closed on Thursday at ¢572.04.
Related: Banco Central Proposes Change in Method for Calculating Exchange Rate
In the last 12 months devaluation accumulated 5.16%, according to the price in the wholesale market.
The Central Bank has insisted that it allows market forces to manifest themselves

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