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Pre Work: Local Currency

17 June, 2011

We know we are going to have to deal with currency conversion and exchange while in Costa Rica.

The currency in Costa Rica is the colón (named after Christopher Columbus, known as Cristóbal Colón in Spanish).  The current exchange rate is  509.29 CRC = $1.00 USD (today, 5/20/2011).   Doing the conversion in your head should be fairly simple.  A 1,000 colón, is approximately $2 USD.  10,000 colón ~ $20 USD.  Simple just divide by 500.   Bills come in 500, 1000, 5000 and 10,000 notes, while coins come in denominations of 5, 10, 20, 25, 50 and 100.

Even though my research recommends that we simply use ATMs (cajeros automáticos) to get our colónes  when we are in Costa Rica, I decided to get a few colónes before we leave.  Mostly to help us get familiar with the denominations and the conversion rate.   Earlier this week I ordered $100 USD or 46,000 CRC (poor conversion rate – as I expected ) – yes, I had to order it – but it arrived the next day.  Here’s what we got

46,000 CRC

Now we’ll have some local currency when we arrive and won’t need to find bank or ATM immediately.

Another item checked off the list

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