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Exchange rate continues to rise and reaches ¢613

October 30, 2018 by Staff News Writer

The exchange rate continues to rise and touches new maximum figures, both in the Foreign Currency Market (Monex), and in the banks.

At 11:30 am this Tuesday, an hour and a half after the closing of the day of transactions in the wholesale market, the average was ¢608.94 colones, and some transactions even closed at ¢610.29.

The banks reported their exchange rate in a range between ¢ 611 and ¢ 613.

Since last September the exchange rate has shown a rising trend, amid uncertainty about the future of the tax reform.

According to the Central Bank, the pressure on the exchange rate observed in September and October is consistent with a lower availability of foreign currency in the Costa Rican market.

crhoy.com

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  3. What will happen to the USD exchange rate in the coming months?
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