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Costa Rica currency Colones keep attractiveness, in the short term

costa rica currency colones

In the short term, the conditions investing in colones could keep them stable, in Costa Rica.

However, the person who decides for the local currency will have to pay attention to any change in the exchange rate.

Specialists from Aldesa Valores pointed today, during the presentation over the economical expectancies, at least what is left of the semester is its expected a stability in the local and international tax rates.

According to Andrés Víquez, manager of Aldesa, the exchange rate will be moving shockingly, but all the movements inside 550 and 570 colones, at least during the first semester.

Meanwhile, the expectations of devaluation of the colon have a tendency to be moderate, the dollar rates have kept among the 1% and 3% confronting the performances of 8% and more in colones.

The position of the investors have been decline towards colones.

Since the middle of last year, the participation of the local currency increased from 52% to 55%, it means $891 millions, according to the financial richness provided by Aldesa.

However, Jorge Baltodano, consulting manager from Aldesa, highlighted that the current economical situation has sufficient fog to try to give a prognosis beyond this June.

“Costa Rica, in the long term, is a net-capital-import country, and that’s a structural topic that we can’t let pass by. In that sense the currency should have a permanent devaluation”, remembered Baltodano.

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