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Money conversion?

Queens, NY
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22 posts
1 review
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Money conversion?

Is it better to use the USD there, or convert to colones? If better to convert any reccs on good places to exchange?

Destination Expert
for Bermuda
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3,420 posts
28 reviews
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1. Re: Money conversion?

check this


dayton, ohio
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115 posts
2 reviews
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2. Re: Money conversion?

The rule of thumb is that if the price is in dollars, pay in dollars. If the price is in colones, pay in colones. This is especially true given that the exchange rate is now 511 colones to the dollar. If you pay for price in colones with dollars, you will probably get 500 colones to the dollar, because this is just easy to figure out.

As far as exchanging money. Do not use the airport. Bigger hotels usually give you a fair exchange. I believe banks are best but you might have to wait in line.



Seekonk, Mass
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483 posts
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3. Re: Money conversion?

We got some dollars before we left and got colones at the airport ATM. As was said above, price in colones pay in colones, dollars pay in dollars. Most ATM's dispense both. We used one yesterday next to a supermarket in Uvita and you had the choice of English/Spanish...Colones/dollars

No issues....

Dallas, Texas
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290 posts
7 reviews
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4. Re: Money conversion?

Agree with what everybody else is saying. We visited several ATM's and each one offered USD or Colones.

Montezuma, Costa...
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538 posts
8 reviews
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5. Re: Money conversion?

Agree with #2 use colones when colones are advertised and USD when they are advertised.

also agree people, especially in small places often use C500 = $1 just for ease of arithmetic

I like to use the following for conversion rates (the rate may not be the same as you get in businesses)


Costa Rica
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25,654 posts
25 reviews
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6. Re: Money conversion?

The best place to get conversion rates is either Banco de Costa Rica or Banco Nacional. Both of these banks have websites and the Banco de Costa Rica website has the exchange rate posted on its home page. This is what you will get if you walk into the bank and change money. This will differ slightly from the "official" rate posted by the Central Bank of Costa Rica (think Federal Reserve) since the banks make 1 or 2 colones per dollar on each transaction.

You can also see the exchange rate at the online newspapers AM Costa Rica and Inside Costa Rica.

7. Re: Money conversion?

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Removed on: 13 May 2011, 06:16