Since most tourist items are actually priced in dollars the changes in the exchange equivalency hasn’t really impacted visitors too much. dollar, British pound, Euro or Canadian dollar. The old calculation (see below) was much easier but don’t complain too much because the devaluation of the Colón means now you get more Costa Rican currency per U.S. If you do find yourself spending colones you can use the simple exchange equivalencies below to know about how much you’re spending. dollars then into Colones with commissions on each. They may require you to do a double exchange. If you insist on changing pounds, euros, loonies or other currencies to the Costa Rican Colón you will need to go to a walk up teller at a bank. Skipping cash altogether is a good option if you have a credit card that offers zero international transaction fees. dollars before you leave home because other currencies are difficult and expensive to change into Colones. The second best option for spending cash is probably to convert your local currency into U.S. then by far the best way to get your hands on local currency is to use a no fee Debit or Bank card at an ATM (cash machine, cashpoint, bancomat). They give terrible rates and charge high commissions. The airport exchanges prey on peoples fears that they’ll be stranded without local money. The second worst conversion rate will be at the counter in the airport. They will need to order them, it will take a long time and incur high fees. The worst exchange rate you’re likely to find will be at your local bank in the U.S., Canada, Europe or in an airport in Costa Rica.Ĭolones are a minor currency on the world scale and no foreign banking institution has a single Colón in their vault. If you want Colones wait until you’re inside Costa Rica to exchange. dollars because of instability of the Costa Rican currency called the Colón (plural Colones). Many things along the tourist trail are priced in U.S. dollars which are widely accepted in Costa Rica. to simplify currency exchange calculations are to just skip them… spend U.S. Update 2022 – After many years around ¢500 to the dollar – a ¢50,000 price tag was the equivalent of $100 the colón went through some wild swings but it’s currently stable around ¢6s75 to one U.S. Best Places to See Wildlife in Costa Rica.
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