Currency Rate Costa Rica Colon to USD
Our Currency Rate CRC latest updates allow you to track real-time exchange rates effortlessly. By accessing and analyzing accurate and current data, you'll stay informed on the CRC. We provide comprehensive information to meet all your financial needs effectively.
Buying rate
CRC 0.001841
Selling rate
CRC0.002189
The Costa Rican Colón, commonly abbreviated as CRC, is the official currency of Costa Rica. Known locally as the "colón," the CRC is symbolized as "₡." Introduced in 1896, the Costa Rican colón replaced the Costa Rican peso at a rate of 1 colón = 10,000 pesos, marking Costa Rica's transition to a decimal currency system.
Currency Details
Symbol: ₡
ISO Code: CRC
Subunits: 1 Colón = 100 céntimos
Banknotes and Coins
The CRC is available in both coins and banknotes:
Coins:
5 colones
10 colones
25 colones
50 colones
100 colones
500 colones
Banknotes:
1000 colones
2000 colones
5000 colones
10,000 colones
20,000 colones
50,000 colones
History and Background
The Costa Rican Colón was introduced in 1896, replacing the Costa Rican peso. The colón is named after Christopher Columbus (Cristóbal Colón in Spanish), who is known as the first European explorer to discover Costa Rica.
Economic Significance
The CRC is integral to Costa Rica's economy, facilitating trade, investment, and economic development. Costa Rica has a diverse economy, with key sectors including tourism, agriculture (particularly coffee and bananas), electronics, and services. The colón's value is influenced by various factors, including tourism revenues, global commodity prices, and economic policies.
Usage and Exchange
The CRC is widely accepted across Costa Rica for all transactions, from everyday purchases to significant business deals. For visitors and expatriates, exchanging foreign currency for colónes is straightforward, with numerous exchange bureaus, banks, and ATMs available throughout the country. Major credit cards are also widely accepted, ensuring convenience for international travelers.
Conclusion
The Costa Rican Colón is more than just a currency; it is a symbol of Costa Rica's economic stability, natural beauty, and cultural diversity. Understanding the CRC is essential for anyone engaging with Costa Rica's dynamic economy, whether you are a resident or a visitor. The colón's stability and accessibility play a crucial role in the country's economic resilience and growth.
Currency Details
Symbol: ₡
ISO Code: CRC
Subunits: 1 Colón = 100 céntimos
Banknotes and Coins
The CRC is available in both coins and banknotes:
Coins:
5 colones
10 colones
25 colones
50 colones
100 colones
500 colones
Banknotes:
1000 colones
2000 colones
5000 colones
10,000 colones
20,000 colones
50,000 colones
History and Background
The Costa Rican Colón was introduced in 1896, replacing the Costa Rican peso. The colón is named after Christopher Columbus (Cristóbal Colón in Spanish), who is known as the first European explorer to discover Costa Rica.
Economic Significance
The CRC is integral to Costa Rica's economy, facilitating trade, investment, and economic development. Costa Rica has a diverse economy, with key sectors including tourism, agriculture (particularly coffee and bananas), electronics, and services. The colón's value is influenced by various factors, including tourism revenues, global commodity prices, and economic policies.
Usage and Exchange
The CRC is widely accepted across Costa Rica for all transactions, from everyday purchases to significant business deals. For visitors and expatriates, exchanging foreign currency for colónes is straightforward, with numerous exchange bureaus, banks, and ATMs available throughout the country. Major credit cards are also widely accepted, ensuring convenience for international travelers.
Conclusion
The Costa Rican Colón is more than just a currency; it is a symbol of Costa Rica's economic stability, natural beauty, and cultural diversity. Understanding the CRC is essential for anyone engaging with Costa Rica's dynamic economy, whether you are a resident or a visitor. The colón's stability and accessibility play a crucial role in the country's economic resilience and growth.