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Orange
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PostPosted: Thu Dec 03, 2009 4:28 pm 
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Buy: 568
Sell: 577.50

In the past 3 days, it has risen 18 colones, or 3.2%.
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Irish Drifter
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PostPosted: Thu Dec 03, 2009 5:15 pm 
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Orange wrote:
Buy: 568
Sell: 577.50

In the past 3 days, it has risen 18 colones, or 3.2%.


The opening buy rate this morning was 572 at around 11:00 AM it was 570 and now 568. Colon is on a real roller coaster ride this week.

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DiegoC
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PostPosted: Sun Dec 06, 2009 10:13 pm 
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I think it was two years ago at Christmas time that the USD took a real dump. I went down to 480 or something like that. People were rushing to the banks to exchange all of their USD for Colones. About a month later the USD was up higher than it had ever been.

Someone made a lot of money and it wasn’t the people who panicked and sold.
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Orange
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PostPosted: Mon Dec 07, 2009 10:42 am 
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This morning:

Buy: 564
Sell: 573.50
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Mike321
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PostPosted: Mon Dec 07, 2009 12:55 pm 
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diegoc-i was down there in dec. 07 and 497-1.the girls wqanted tobe paid in colones.
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alb123456
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PostPosted: Thu Dec 10, 2009 3:28 am 
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<a href="http://www.magingam.com/">Magin Gam</a> we walk
<a href="http://www.magingam.com/">Magin</a>. Come with us, go to new horizon.


You can win if you want, try toMagingam and
Magin Gam succeed together
Magin. Welcome to


With join ideas Magingam together with Magin Gam we walk. Come with Magin, go to new horizon.
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JazzboCR
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PostPosted: Thu Dec 10, 2009 4:09 am 
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Location: NFM--Geezers, cowpokes and the working poor--yeeha!
OK , join with me now--alb123456 wins the prize for the strangest 1st post ever...and links to a VietNamese Website besides. Put me in, Coach--I'm ready!

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JazzboCR
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PostPosted: Tue Dec 15, 2009 3:38 am 
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Location: NFM--Geezers, cowpokes and the working poor--yeeha!
OKEYDOKEY--I spent 2 years there but it was just making sure Marines had food to eat and bullets to use. Anybody care to translate for us pdf's?
BTW, this post by the non-VIP had what to do with official exchange rates? I'm baffled.

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Bilko
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PostPosted: Tue Dec 15, 2009 4:17 pm 
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For some reason, a can of spiced ham comes to mind...

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Orange
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PostPosted: Thu Dec 17, 2009 10:14 am 
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Buy: 557
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Irish Drifter
 Post subject: Dollar Rebounding
PostPosted: Tue Dec 22, 2009 10:43 am 
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The dollar is beginning to rebound against the colon as expected. As was posted earlier the dollar historically suffers against the colon in early to mid December. An article in Inside Costa Rica this morning.

Quote:

Dollar Exchange Expected To Recover, Rises ¢10 Colones In A Single Day

During the past two months, the US dollar and Costa Rican colon exchange rate has been a "yo yo", going up and down, at will and without sense or reason, as it fluctuates up to ¢10 colones in a single or more in a week.

Such was the case on Monday, when the exchange rate moved from ¢559.69 for the buy and ¢570.07 for the sell to ¢569.58 and ¢579.73, respectively, this morning. The difference is ¢9.89 for the buy and ¢9.66 for the sell, in one single day.

The exchange rate was at a low of ¢552.95 (buy) and ¢563.07 (sell) on December 1. Following increased that hit a high of ¢564.18 (buy) and ¢574.54 (sell) on December 7, it has been up and down in between.

Last week the exchange rate had dropped ¢555.57 (buy) and ¢565.84 (sell) on Friday, down from ¢560 (buy) and ¢570.49 (sell) on Monday (21).

According to the president of the Banco Central de Costa Rica (BCCR) - Central Bank, Francisco de Paula Gutiérrez, the exchange rate is behaving correctly and within the high and low bands set by the bank, that the variations are normal and people should not make decision in haste.

The dollar began dropping around the beginning of October, when the dollar was trading at ¢581.91 for the buy and ¢591.56 for the sell.

Economists say that the variations is normal for this time of year, as people exchange dollars for colones to pay their taxes and aguinaldos, all normal December expenses. The other reason for the drop, according to the experts, is that influx of more dollars in the economy.

The experts say that, once all the natural forces (taxes and aguinaldo) have passed, the dollar is expected to start climbing.

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Orange
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PostPosted: Thu Jan 21, 2010 1:35 pm 
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And fallin... below 550.

US$ Buy: 547
US$ Sell: 556.50
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Orange
PostPosted: Tue Jan 26, 2010 4:52 pm 
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USD Buy: 555
USD Sell: 564.50
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Dirty1
PostPosted: Tue Jan 26, 2010 5:46 pm 
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Is that the rate that is paid at the Airport?
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Irish Drifter
PostPosted: Tue Jan 26, 2010 5:58 pm 
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Dirty1 wrote:
Is that the rate that is paid at the Airport?


That is the rate quoted by the Central Bank. All retail banks, both public and private, are free to set their rate anywhere in a band that the Central Bank sets which is greater then the daily quoted spread on both ends. In reality almost all banks are within a colon or 2 of the rate set that day by the Central Bank. The airport bank (BAC-San Jose) is quoting buy 555.00, sell 565.00 today. But, the casa de cambio (money exchange booth) at the airport is quoting buy 496.51 sell 575.78.:shock: That is why you never exchange money anywhere at the airport except the Bank.

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