After a first semester of ups and downs in the price, the Costa Rican exchange market has stabilized in recent months.
In this period, there was a monthly oversupply of $113 million in transactions between banks and the public.
The colón went up by 0.4% against the dollar, from ¢572.03 at the end of September to ¢569.84, taking as a reference the average of the wholesale market exchange rate.
According to Adriana Rodríguez, manager of Economic Analysis at Scotiabank, low volatility and little upward pressure on the exchange rate are expected in November, as in this month the selling flow of dollars by companies and individuals is generally intensified to meet the payments in national currency related to taxes, bonuses, marchamo, among others.
In the Foreign Currency Market (Monex) the exchange rate is quoted close to ¢570, while in banks it is around ¢575.