[jpleva]

Scott
I am somewhat new to Visiting CR(Since Aug 2007). But have been down 10+ times in that period. I am trying to expand my business in the Pacific Coast of CR. The exchange rates ranged from 484~568 in that period. As a ballpark I rounded off to 500 to 1 at first. Noticing that each business had there own exchange rates. Many small ones, and bars give a flat 500/$. When the cl was 484, I would take out $Usd so as to be to my benefit. But as of Sep 2008 I would go to the Banco to exchange $Usd and get 11% ie 565cl per $100. Many places that I went in CR were also going to give only 500/$. I now just withdraw in cl from the ATM, and then check my US bank account. BAC, and BCR convert 50,000cl to about $89 Usd. A fair exchange, without standing in line at the Banco. The real ripoffs are the currency exchange in the airports in the US. The last trip the rate was I think 465/$ when in CR it was 566. The currency exchange in SJO isn’t as bad, but still not as good as an atm of a major CR Banco.

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