US Dollar to Costa Rican Colon Exchange Rate

Live Rate

= 566.7751

Refreshing in: 60s | Mon, Feb 17, 12:52AM GMT

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Historical Rate chart of USD and CRC

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Updated: 17 Feb 2020 00:52:03 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.

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GBP 1,000 1 - 2 days USD 0.00 561.107 CRC 2,805,537 Exclusive: Minimum transfer of $1,000 for Finder readers (normally $5,000).
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USD 0 1 - 2 days USD 1.99 555.44 CRC 2,776,093 Quick, affordable transfers around the world. Remitly also has an express option that can transfer your money in minutes for a higher fee. The cheaper option takes several days. 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

Feb 07 Feb 08 Feb 09 Feb 10 Feb 11 Feb 12 Feb 13 Feb 14 Feb 15 Feb 16
1 USD = 573.4633 Inverse: 0.0017 573.4633 Inverse: 0.0017 573.4899 Inverse: 0.0017 573.5580 Inverse: 0.0017 571.5995 Inverse: 0.0017 569.0042 Inverse: 0.0018 569.8616 Inverse: 0.0018 570.9076 Inverse: 0.0018 570.9076 Inverse: 0.0018 566.7751 Inverse: 0.0018

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

Apr 2019 May 2019 Jun 2019 Jul 2019 Aug 2019 Sep 2019 Oct 2019 Nov 2019 Dec 2019 Jan 2020
1 USD = 593.3009 Inverse: 0.0017 585.7356 Inverse: 0.0017 585.7967 Inverse: 0.0017 574.0629 Inverse: 0.0017 573.2603 Inverse: 0.0017 576.7800 Inverse: 0.0017 580.5610 Inverse: 0.0017 581.7929 Inverse: 0.0017 568.6086 Inverse: 0.0018 573.3619 Inverse: 0.0017

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

Feb 2010 Feb 2011 Feb 2012 Feb 2013 Feb 2014 Feb 2015 Feb 2016 Feb 2017 Feb 2018 Feb 2019
1 USD = 553.7081 Inverse: 0.0018 496.9904 Inverse: 0.0020 509.1135 Inverse: 0.0020 500.4738 Inverse: 0.0020 513.5243 Inverse: 0.0019 538.8430 Inverse: 0.0019 535.7790 Inverse: 0.0019 563.4938 Inverse: 0.0018 571.0100 Inverse: 0.0018 609.1578 Inverse: 0.0016

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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