US Dollar to Costa Rican Colon Exchange Rate

Live Rate

= 581.9160

Refreshing in: 60s | Mon, Oct 14, 06:09PM GMT

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How can I get the best exchange rate between US dollar and the Costa Rican colon?

To get the best exchange rate between the US dollar and the Costa Rican colon, you should first check the mid-market rate of the currency here on Finder.com. Once you know this rate, you can compare the rate offered by the many online money transfer services to it. Choose the service that offers a rate that is as close as possible to the mid-market rate. Some online money transfer services will even let you transfer money at the real mid-market exchange rate against a small fixed fee.

If you are travelling to Costa Rica, it may be a better idea to bring US dollars in cash with you and exchange some of it once you are in the country. Many travellers report that merchants in Costa Rica often accepts US dollars unofficially, so you may choose to spend some US dollars without exchanging as well. Watch out for the exchange rate you are offered by merchants though. It may not be as good as the one a moneychanger will offer you.

US Dollar

The US dollar is the most traded currency in the world. The world’s unofficial reserve currency, it can be found in most major currency pairs. In forex, it’s an important benchmark and target rate for countries that fix or peg their currencies against its value. It is also used as the standard currency for oil, precious metals and other commodities.
Currency:US Dollar
Currency Symbol:$
Sub unit:cents
Sub unit symbol:c
Bank notes:$1, $5, $10, $20, $50, $100
Coins:1c, 5c, 10c, 25c, 50c

Costa Rican Colon

Costa Rican colón is the official currency of Costa Rica, a country in Central America. The currency is named after Christopher Columbus, known as Cristóbal Colón in Spanish. While the country widely accepts the US dollar, expect to pay with colónes for smaller services.
Currency:Costa Rican Colon
Currency Symbol:
Sub unit:céntimo
Sub unit symbol:c
Bank notes:₡1,000, ₡2,000, ₡5,000, ₡10,000, ₡20,000, ₡50,000
Coins:5c, 10c, 25c, 50c, 100 and ₡500

What affects exchange rates between the US dollar and the Costa Rican colon?

The exchange rate between the US dollar and the Costa Rican colon can be affected by many different factors. The balance of trade between the countries, economic development, interest rates, and political stability are all factors that can affect the exchange rate.

As one of the most developed Central American countries, Costa Rica has enjoyed an impressive GDP growth over the past few years, which has also helped in keeping the exchange rate with the US dollar at a stable level. However, since the beginning of 2016, Costa Rica has faced an increasing public debt burden, which in turn has added pressure on the colon.

Send money from USD to CRC

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
USD 0 1 - 2 days USD 0.00 579.588 CRC 2,897,941 Offering no maximum and no minimum limit transfers with $0 fees. Go to site Show details
USD 1 Within an hour USD 3.99 579.472 CRC 2,895,047 Use promo code 3FREE to send your first 3 transfers with no fee. Send to 110+ countries for bank-to-bank deposit, cash pickup or mobile top-up. Go to site Show details

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How does the Costa Rican colon trade against the US dollar historically?

The exchange rate between the US dollar and the Costa Rican colon has over the years been managed under a so-called “crawling peg” system. This meant that although the colon was not tied to the dollar at any specific value, it would weaken at a fixed rate of 3.294 colones per US dollar each month.

This system of controlled devaluation was put on hold in 2006 and the currency was allowed to float freely in the markets. However, it is still managed within a currency band, which is referenced to the US dollar.

In 2008, the exchange rate between the US dollar and Costa Rican colon was at about 500 colones to 1 dollar. By 2009, the value of the colon had dropped sharply, reaching a low of 590 colones to 1 dollar in mid 2009.

The colon has remained fairly stable compared to the US dollar between 2010 and 2014, with the exchange rate remaining around 500 colones to 1 US dollar. In 2014, the colon again experienced a sharp loss in value, reaching a low of 550 colones to 1 US dollar that same year. For the past three years, the exchange rate between US dollars and Costa Rican colon has stabilized at around 560 colones to 1 US dollar.

US Dollar to the Costa Rican Colon for the last 10 days

Oct 04 Oct 05 Oct 06 Oct 07 Oct 08 Oct 09 Oct 10 Oct 11 Oct 12 Oct 13
1 USD = 581.2858 Inverse: 0.0017 581.5078 Inverse: 0.0017 581.5078 Inverse: 0.0017 582.5705 Inverse: 0.0017 582.0480 Inverse: 0.0017 581.7043 Inverse: 0.0017 581.5880 Inverse: 0.0017 581.8906 Inverse: 0.0017 581.8906 Inverse: 0.0017 582.1116 Inverse: 0.0017

US Dollar to the Costa Rican Colon for the last 10 months

Dec 2018 Jan 2019 Feb 2019 Mar 2019 Apr 2019 May 2019 Jun 2019 Jul 2019 Aug 2019 Sep 2019
1 USD = 597.2413 Inverse: 0.0017 605.6850 Inverse: 0.0017 608.7979 Inverse: 0.0016 601.3220 Inverse: 0.0017 599.0025 Inverse: 0.0017 593.0120 Inverse: 0.0017 585.2794 Inverse: 0.0017 574.0629 Inverse: 0.0017 568.1917 Inverse: 0.0018 578.1295 Inverse: 0.0017

US Dollar to the Costa Rican Colon for the last 10 years

Oct 2009 Oct 2010 Oct 2011 Oct 2012 Oct 2013 Oct 2014 Oct 2015 Oct 2016 Oct 2017 Oct 2018
1 USD = 581.3336 Inverse: 0.0017 508.7584 Inverse: 0.0020 510.6765 Inverse: 0.0020 499.9390 Inverse: 0.0020 505.9280 Inverse: 0.0020 541.0750 Inverse: 0.0018 533.6060 Inverse: 0.0019 551.8116 Inverse: 0.0018 573.0258 Inverse: 0.0017 592.1015 Inverse: 0.0017

Market rate for common transfer amounts USD to CRC

US Dollars (USD) Costa Rican Colon (CRC)
$1 0
$100 0
$500 0
$1000 0
$1500 0
$2500 0
$5000 0

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