The exchange rate of the dollar in Costa Rica currently stands at approximately 507 colones, with experts predicting that an “abundance of liquidity” will persist throughout 2024, making significant upward pressure on the exchange rate unlikely.
During the final two months of the year, the foreign exchange market traditionally experiences a seasonal flood of dollars. Economic and financial specialists emphasize that multiple factors, including Christmas bonus payments, taxes, high tourism season, foreign investment, and exports, could drive the dollar exchange rate close to the ₡500 per unit mark by year’s end.
“Our market is uncompetitive, dominated by seasonal factors that impact companies’ operating flows in…
