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US dollar to Costa Rican colon exchange rate
Find the best USD/CRC exchange rate for 09 Mar 2021.
Refreshing in: 60s | Tue, Mar 09, 10:41AM GMT
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Historical Rate chart of USD and CRC
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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.
|Sub unit symbol:||c|
|Bank notes:||$1, $5, $10, $20, $50, $100|
|Coins:||1c, 5c, 10c, 25c, 50c|
Costa Rican Colon
|Currency:||Costa Rican Colon|
|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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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 27||Feb 28||Mar 01||Mar 02||Mar 03||Mar 04||Mar 05||Mar 06||Mar 07||Mar 08|
|1 USD =||611.7061 Inverse: 0.0016||611.7061 Inverse: 0.0016||612.2326 Inverse: 0.0016||613.1390 Inverse: 0.0016||612.9627 Inverse: 0.0016||612.2308 Inverse: 0.0016||612.1378 Inverse: 0.0016||612.1378 Inverse: 0.0016||612.1378 Inverse: 0.0016||612.5468 Inverse: 0.0016|
US Dollar to the Costa Rican Colon for the last 10 months
|May 2020||Jun 2020||Jul 2020||Aug 2020||Sep 2020||Oct 2020||Nov 2020||Dec 2020||Jan 2021||Feb 2021|
|1 USD =||567.5746 Inverse: 0.0018||576.4941 Inverse: 0.0017||583.0898 Inverse: 0.0017||591.3473 Inverse: 0.0017||597.2533 Inverse: 0.0017||603.2601 Inverse: 0.0017||612.6304 Inverse: 0.0016||603.8342 Inverse: 0.0017||615.1896 Inverse: 0.0016||612.4958 Inverse: 0.0016|
US Dollar to the Costa Rican Colon for the last 10 years
|Mar 2011||Mar 2012||Mar 2013||Mar 2014||Mar 2015||Mar 2016||Mar 2017||Mar 2018||Mar 2019||Mar 2020|
|1 USD =||495.6989 Inverse: 0.0020||510.2628 Inverse: 0.0020||499.7480 Inverse: 0.0020||552.7988 Inverse: 0.0018||535.0150 Inverse: 0.0019||535.4194 Inverse: 0.0019||562.0908 Inverse: 0.0018||569.8561 Inverse: 0.0018||608.1066 Inverse: 0.0016||573.3193 Inverse: 0.0017|
Market rate for common transfer amounts USD to CRC
|US Dollars (USD)||Costa Rican Colon (CRC)|
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