Exchange Rate in Costa Rica

Costa Rica Exchange Rate | Economic News & Forecasts

Costa Rica - Exchange Rate

Economic growth likely accelerated in Q3, after posting the worst performance in almost a decade in Q2. Activity growth accelerated in August and July in cyclically-adjusted terms, likely in part due to the Central Bank’s recent interest rate cuts, which should have supported private consumption and fixed investment. Moreover, merchandise export growth gained steam in the quarter as a whole. However, this economic acceleration should have been modest given the new VAT, which was introduced in July, stoked inflation and eroded consumers’ spending power. Furthermore, business and consumer confidence sank in Q3. In politics, Finance Minister Aguilar, who played a key role in recent fiscal reforms, resigned on 23 October, which could further unnerve business confidence. In other news, the government-affiliated National Wages Council recently supported increasing the minimum wage by 2.5% from 1 January.

Costa Rica - Exchange Rate Data

2013  2014  2015  2016  2017  
Exchange Rate (vs USD)500.7  540.8  537.3  553.2  571.4  

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Costa Rica Exchange Rate Chart


Costa Rica Exchange Rate
Note: Costa Rica Colon (CRC) per U.S. dollar
Source: Thomson Reuters.

Costa Rica Facts

ValueChangeDate
Exchange Rate576.5-0.57 %Sep 04

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