On Tuesday, the price of the dollar hit a new low range of the year in the Monex wholesale market, closing at ¢ 573.3 per unit.
This price has not been seen in the market for 11 months.
Only in July, the price of the US currency has fallen ¢8 in this market, caused by a lower currency, given that the uncertainty in the last quarter of last year.
Even when compared to the starting price of 2019, today the dollar is ¢36 cheaper.
It is largely the process we saw in the second half of last year, only the other way around. The tax reform opened funding sources to the Treasury, both in dollars and colones, and that has been reflected in a greater supply and lower demand for currencies,”
said Alberto Franco, an economist.
Other factors that are weighing to see this decrease are the emission of Eurobonds for $1.5 billion, as well as the possibility that the Federal Reserve of the United States lower its interest rates.