American Expatriate Costa Rica

Dollar exchange rate rises ¢ 3

The dollar exchange rate registered an average increase of ¢3 at the windows of commercial banks in the country on Thursday.

During the last two trading days, the Central Bank intervened in the Foreign Currency market (Monex) with the sale of $56 million, as a measure to avoid abrupt fluctuation of the exchange rate.

Despite the authority’s participation, the exchange rate registered an increase of ¢4, compared to the close of Tuesday.

The average transaction in Monex of those two days amounted to $ 43.8 million, an amount that exceeds in almost 3 times the average daily volume traded in this market in the last 12 months.

Since May, the Central Bank has had to resort to a series of exchange rate policy tools to avoid violent variations in the price of the dollar.

crhoy.com