One important thing a traveler must know is a place's monetary system and since Costa Rica is a haven for tourists, it is no exception.
Are you planning on travelling to see the Costa Rican beauty? Then check out these useful money tips you will find helpful.
• Colon is the country's official currency.
Although many large establishments: hotels, gift shops, restaurants accept the US dollars, a lot of local places and rural areas prefer the local currency.
It will be wise to keep some handy.
• As with any other denominations in the world, the Costa Rican colon exchange rate fluctuates depending on market conditions.
The most recent value of one colon is equal to $0.
001938 U.
S.
dollars.
A traveler can easily estimate a ratio of 500 Costa Rican colones to $1 U.
S.
dollar.
• If you are an American travelling to Costa Rica, have your money exchanged in your own country because some money changing shops might give you a poor currency exchange and charge a fee.
For other travelers, Costa Rican banks may not exchange your homeland currency unless you have US dollars.
• Not sure if you should be using cash? Then it is wise to bring with you a Visa card and a MasterCard.
Some establishments accept only one and not the other.
Contact your credit card provider and advice them of your travel plans to prevent your account from getting frozen.
Also, keep your card provider's number in case the card gets lost or stolen.
Remember, familiarity to the local currency allows a person travelling to Costa Rica or anywhere in the world a pleasant and hassle free visit.