Costa Rica’s Colón Firms 0.4% Against Dollar on Monday
The Costa Rica exchange rate eased on Monday 5 October as the dollar slipped for a second day on Monex, after a 3.1% rebound from its 2026 low. The post Costa Rica’s Colón Firms 0.4% Against Dollar on Monday appeared first on The Rio Times .
Costa Rica's currency, the colón, depreciated by 0.4% against the US dollar on Monday, October 5, according to exchange rate data from Monex, the central bank's wholesale currency market in San José. The dollar averaged 457.03 colones per dollar on Monex, a slight decrease from last week's peak. This movement follows a 3.1% rebound in the colón after a September US rate hike.
The Central Bank of Costa Rica (BCCR) maintained its policy rate at 3.00% on September 24, citing factors such as oil supply disruptions and tighter global money conditions. The BCCR's reference rates for the dollar were 455.71 colones to buy and 462.08 to sell per dollar on Monday. The BCCR expects inflation to approach its 3% target in the medium term, but the stronger currency also has risks, such as increased demand for dollar imports and higher costs for US companies in Costa Rica's free zones.
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