US Dollar to Costa Rican Colon Exchange Rate

Live Rate

= 589.7817

Refreshing in: 60s | Sat, Aug 08, 03:28PM GMT

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Historical Rate chart of USD and CRC

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Updated: 08 Aug 2020 15:28:17 UTC

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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 1 Same day USD 0.00 587.128 CRC 2,935,638 Offering no maximum and no minimum limit transfers with $0 fees. Go to site Show details
USD 1 Within an hour USD 3.99 587.305 CRC 2,934,180 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
GBP 1,000 1 - 2 days USD 0.00 583.884 CRC 2,919,419 Exclusive: Minimum transfer of $1,000 for Finder readers (normally $5,000).
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USD 1 3 - 5 days USD 20.00 575.037 CRC 2,863,685 The biggest name in money transfers can get your funds to friends, family, or businesses in almost every corner of the globe. Show details
USD 0 1 - 2 days USD 1.99 577.986 CRC 2,888,780 Special offers like free transfers and better exchange rates available for new customers.
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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

Jul 29 Jul 30 Jul 31 Aug 01 Aug 02 Aug 03 Aug 04 Aug 05 Aug 06 Aug 07
1 USD = 582.2426 Inverse: 0.0017 581.4877 Inverse: 0.0017 583.9392 Inverse: 0.0017 583.9392 Inverse: 0.0017 583.9392 Inverse: 0.0017 584.5741 Inverse: 0.0017 585.1556 Inverse: 0.0017 588.5418 Inverse: 0.0017 590.0218 Inverse: 0.0017 589.7817 Inverse: 0.0017

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

Oct 2019 Nov 2019 Dec 2019 Jan 2020 Feb 2020 Mar 2020 Apr 2020 May 2020 Jun 2020 Jul 2020
1 USD = 581.7043 Inverse: 0.0017 585.0535 Inverse: 0.0017 566.0157 Inverse: 0.0018 569.1604 Inverse: 0.0018 567.7140 Inverse: 0.0018 573.3193 Inverse: 0.0017 575.4839 Inverse: 0.0017 569.0959 Inverse: 0.0018 567.9650 Inverse: 0.0018 581.6299 Inverse: 0.0017

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

Aug 2010 Aug 2011 Aug 2012 Aug 2013 Aug 2014 Aug 2015 Aug 2016 Aug 2017 Aug 2018 Aug 2019
1 USD = 513.7872 Inverse: 0.0019 499.8157 Inverse: 0.0020 502.0244 Inverse: 0.0020 502.3416 Inverse: 0.0020 540.6723 Inverse: 0.0018 533.6903 Inverse: 0.0019 548.9520 Inverse: 0.0018 576.6418 Inverse: 0.0017 567.0725 Inverse: 0.0018 571.8028 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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