American Expatriate Costa Rica

New minimum for dollar price!

The dollar price started the week with the lowest price of the year in the wholesale Monex market: it closed the transfer at ¢ 574.7 per dollar.

This price was last seen at the end of August last year, prior to the national strike against the fiscal plan.

In banks, the price averages ¢581 in both public and private entities.

The approval of Eurobonds for $ 1.5 billion, lower economic uncertainty and therefore less demand for dollars, are causing this decrease in the value of the US currency. This fall was accentuated from last April.

In addition to these factors, at the end of July, the US Federal Reserve will lower interest rates, which would have an impact on the exchange rate.

crhoy.com