American Expatriate Costa Rica

Dollar price keeps going down

If you took put a loan in dollars, good news for you, because on Tuesday the currency fell again in the Monex wholesale market: It fell ¢1 compared to Monday’s price and stood at ¢570.1 per dollar.

On the other hand, in windows of financial institutions the price is around ¢577, one of the lowest records of the year.

The dollar has fallen almost ¢ 40 in the Monex since the year started. The market is waiting for the decision by the Federal Reserve of the United States: if it lowers its interest rates, this will also influence the exchange rate.

crhoy.com