Banco Central de Costa Rica

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Foreign Currency Market

 

The Foreign Currency Market (MONEX) was launched for authorized and member entities in November 2006.

 

MONEX is a service whereby participating entities trade and liquidate with BCCR and among themselves their foreign currency buying and selling operations, pursuant to the provisions in the Regulations for Cash Exchange Operations.  

 

Information can also be sent to BCCR, pursuant to the Regulations for Cash Exchange Operations. Thus, information is available on the behavior of trading with the public, with entities outside of MONEX, as well as exchange rates used at the retail market.

 

 Región de Acordeón

Using Service

This service allows entities to address their needs for buying and selling foreign exchange in the wholesale market.

Advantages

  It is easy to trade foreign exchange

  Liquidation in real time through delivery v payment, directly into BCCR accounts, once a match of the operation is done

  Information on market and exchange rate behavior

Information on operations transacted.

Working Hours

Working hours to trade foreign currency are 8:00 a.m. - 4:30 p.m.

Related Documents

System of Payments Regulations (Spanish)

Complementary Rule on Foreign Exchange Market (Spanish)

Regulations for Foreign Exchange Operations (Spanish)

 

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