Monetary Aggregates and Their Components: Narrow Money and Components: M1 and Components: M1 for Costa Rica
Costa Rican Colon, Monthly
CRIMANMM101STSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16,275,791,330,000.00
Year-over-Year Change
-0.77%
Date Range
1/1/2001 - 10/1/2023
Summary
The Costa Rican Colon, Monthly series tracks the monthly exchange rate between the Costa Rican Colon and the US Dollar. This metric is important for economists and policymakers to assess Costa Rica's economic performance and international trade dynamics.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Costa Rican Colon is the official currency of Costa Rica. The monthly exchange rate between the Colon and the US Dollar is a key indicator used to analyze Costa Rica's economic trends, international competitiveness, and the impact of foreign exchange policies.
Methodology
The data is collected and calculated by the Central Bank of Costa Rica.
Historical Context
Policymakers and market analysts closely monitor the Colon exchange rate to gauge Costa Rica's export competitiveness and import costs.
Key Facts
- The Costa Rican Colon has been the national currency since 1896.
- Costa Rica is a major exporter of agricultural products, electronics, and medical devices.
- The Colon exchange rate is heavily influenced by trade balances and foreign investment flows.
FAQs
Q: What does this economic trend measure?
A: The Costa Rican Colon, Monthly series tracks the monthly exchange rate between the Costa Rican Colon and the US Dollar.
Q: Why is this trend relevant for users or analysts?
A: The Colon exchange rate is a critical indicator for assessing Costa Rica's economic performance, international competitiveness, and the impact of foreign exchange policies.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Central Bank of Costa Rica.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts closely monitor the Colon exchange rate to gauge Costa Rica's export competitiveness and import costs.
Q: Are there update delays or limitations?
A: The Colon exchange rate data is published monthly with no significant update delays.
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Citation
U.S. Federal Reserve, Costa Rican Colon, Monthly (CRIMANMM101STSAM), retrieved from FRED.