USDCRC pair, knowing the gamesteemCreated with Sketch.

in steemleo •  5 years ago 

Its been almost a year since it was so low, in the local economy you are suppose to be happy as with less hard earned colones you will get more dollars and given that it is almost 50 colones difference its something like a 10% discount in dollars. From the financial sector that the country benefits the most which are closely related with tourism there is a downside as tourists will see their funds not allowing them to do as much as before, I can also see how the down fall should push the prices down in the future if it keeps going like that as many other things that drives economy should follow as it is fuel. The only problem that I'm seeing from this is that it can be sustained over time as it most likely will come back to normal levels which are for now at 600 ish colones. The advantage of earning USD is the inflation is controlled most likely by the exchange rate which for now has been playing against me as I get the same amount of USD per month but they are worth less colones a month. I tend to save USD for the long term which means this is a very unique opportunity to see this 10% discount and generally speaking I don't expect the colones appreciate over time because it can only mean 1 of the following things: there will be a recession from the US or the country economy is doing amazing, which to be honest the first is the most likely scenario to happen.

usdcrc.png
Trading view image

Check out trading view post


@raserrano - Developer

kedjom-keku.jpg
@kedjom-kekuConservation Association
KK-icon-plant-tree-Green-outline.png
@treeplanterFund-raising upvoting bot
FFF-logo-bw.png
@forestfriendlyWater Saving bees

pal-sig-anim-trans

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

This is good perspective. From where I sit I feel the USD will be losing strength going forward. I'm not an economist or financial expert by any means but see the reign of the USD as a reserve currency coming to an end.

Posted using Partiko Android

Yeah I'm wondering if it makes sense to start changing my USD from savings to EUR or wait to see what might happen. Interesting if it recovers and I'm able to take advantage to buy more USD to down pay the mortgage... we will see

This post has received a 100.00% upvote from @msp-bidbot thanks to: @raserrano. Delegate SP to this public bot and get paid daily: 50SP, 100SP, 250SP, 500SP, 1000SP, 5000SP Don't delegate so much that you have less than 50SP left on your account.

Hola @raserrano.
Has recibido un vote como muestra de apoyo a la comunidad de Costa Rica, Pura vida!

Hi @raserrano!

Your post was upvoted by @steem-ua, new Steem dApp, using UserAuthority for algorithmic post curation!
Your UA account score is currently 4.085 which ranks you at #3622 across all Steem accounts.
Your rank has not changed in the last three days.

In our last Algorithmic Curation Round, consisting of 156 contributions, your post is ranked at #121.

Evaluation of your UA score:
  • Some people are already following you, keep going!
  • The readers like your work!
  • Try to improve on your user engagement! The more interesting interaction in the comments of your post, the better!

Feel free to join our @steem-ua Discord server