Drop In Exchange Rate Normal For This Period
September 10th, 2009 | by admin |
For those keeping an eye on the daily exchange rate between the US dollar and the colón they will have noticed a marked drop in the last several days, dropping as much as ¢1.58 on Tuesday.
Today’s exchange rate is ¢581.97 for the buy and ¢591.25 for the sell.
Experts say this is normal for September due to businesses in the free trade zones (zona francas) bring in dollars to pay taxes.
The situation could continue until the end of October when the exchange rate is expected to begin climbing again.
