US Dollar to Costa Rican Colon Exchange Rate

Live Rate

= 603.2356

Refreshing in: 60s | Sat, Oct 24, 04:20AM GMT

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Historical Rate chart of USD and CRC

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Updated: 24 Oct 2020 04:20:42 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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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 14 Oct 15 Oct 16 Oct 17 Oct 18 Oct 19 Oct 20 Oct 21 Oct 22 Oct 23
1 USD = 603.3467 Inverse: 0.0017 603.4379 Inverse: 0.0017 603.1704 Inverse: 0.0017 603.1704 Inverse: 0.0017 603.1704 Inverse: 0.0017 603.2824 Inverse: 0.0017 602.9077 Inverse: 0.0017 602.8528 Inverse: 0.0017 603.3396 Inverse: 0.0017 603.2356 Inverse: 0.0017

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

Dec 2019 Jan 2020 Feb 2020 Mar 2020 Apr 2020 May 2020 Jun 2020 Jul 2020 Aug 2020 Sep 2020
1 USD = 565.6114 Inverse: 0.0018 565.6161 Inverse: 0.0018 570.3935 Inverse: 0.0018 578.2084 Inverse: 0.0017 567.3553 Inverse: 0.0018 569.2874 Inverse: 0.0018 575.0041 Inverse: 0.0017 581.0060 Inverse: 0.0017 593.3613 Inverse: 0.0017 595.8877 Inverse: 0.0017

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

Oct 2010 Oct 2011 Oct 2012 Oct 2013 Oct 2014 Oct 2015 Oct 2016 Oct 2017 Oct 2018 Oct 2019
1 USD = 505.5664 Inverse: 0.0020 509.8283 Inverse: 0.0020 499.0770 Inverse: 0.0020 503.4355 Inverse: 0.0020 540.6499 Inverse: 0.0018 534.8927 Inverse: 0.0019 552.4120 Inverse: 0.0018 568.3352 Inverse: 0.0018 594.1152 Inverse: 0.0017 583.6077 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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