Job Discussion Forums

[justenanderson]

I read that the Colon is devalued by up to 20% per year by the Costa Rican Central Bank. Is that accurate? Does that mean that the US dollar will actually gain strength every year you are in CR?

[PuraVidas]

It does fall a little every year, but 20% is probably an overstatement. You should always rent in Colones and not dollars.

[justenanderson]

Hmmmm, interesting. When you say to rent in Colones and not dollars, is that because the exchange rate between the two currencies tends to improve over the course of time?