Dollar Drops to Lowest Value in 2010

    Must Read

    Creating a Conscious alternative news network that we feel the world needs. Pura Vida!
    Photo by iChaz on Flickr

    The average buying and selling value of the dollar reached its lowest all year on December 15.

    The average purchase value reached ¢496.65 and sell value was down to ¢506.35. (Prices in Costa Rican currency, “colones.”)

    TIP: Get our latest content by joining our newsletter. Don't miss out on news that matter in Costa Rica. Click here.

    The currency value of the major market was down to ¢500 on Wednesday, which was the basis for the financial change.

    In light of these issues, Banco Central intervened and bought 7.5 million dollars.

    Financial institutions, business and individuals with their own companies participate in the major market economy with a minimum amount of $1,000.

    The decrease in the value of the dollar was registered on December 15th, and is calculated in relation to years past and the change from dollars to colones that all major companies and businesses use to pay their taxes.

    In years past, the currency value has remained low for a few days after this date, December 15th, which can be related to the change of dollars to colones used to pay the Christmas bonus for employees each year, which is given on December 20th.

    In years past, the currency value has recovered from this decrease; nonetheless, recovery depends on how much supply and demand there is of dollars.

    LIKE THIS ARTICLE? Sign up to our newsletter and we will send you updates of our latest content as soon as they are available. Click here.

    - Advertisement -
    - Advertisement -

    Latest News

    Maribel Guardia Shows Her Almost 8 Million Followers on Instagram the Beauties of the Irazú Volcano

    Maribel Guardia visited Costa Rica and did not tire of posting images of her most recent visit on social media. Among them are those of her walk through the Irazú volcano
    - Advertisement -

    More Articles Like This

    - Advertisement -
    Language »

    Get TCRN In Your Inbox & Never Miss Any News That Matter In Costa Rica!