Price of dollar expected to be stable

Financial experts see little chance for a spike in the value of the U.S. dollar this year.

One, Orlando Soto, general manager of the financial firm Grupo Acobo, predicted Thursday that the U.S. dollar would stay in the 535 to 545-colon range. He said he expected the dollar to experience downward pressure during the first four months of 2015.

He noted that the Banco Central de Costa Rica is exercising control over the price of the dollar.

The central bank decided last year that only retail banks could engage in the daily money market negotiations that set the daily value of the dollar. Until then, anyone could attend and bid on quantities of dollars or colons.

The dollar spent much of 2014 in the 493-colon range.

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