Economists from Acobo Financial Group, anticipate that the exchange rate will remain near 565 colones per day by the end of 2016.
Among the main factors are a lower dollar surplus and the increase in the demand for foreign exchange to meet the requirements of the non-bank public sector and the private sector (credits and imports).
The Central Bank of Costa Rica (BCCR) estimate that due to the lower inflow of foreign financing to the country and the consequent loss of Net International Reserves (NIR), it is likely that the exchange rate will see upward pressure in the remaining months of 2016.
Eduardo Lizano, an economist and former president of the BCCR, said that Olivier Castro, current president of the institution, should let the exchange rate fluctuate according to the market so that people can weigh the risks and know that they must borrow in the same currency of their incomes in order to avoid being prejudiced by sudden changes.
Currently, the exchange rate responds to the circumstances existing in the economy.