On 28 October, the Chilean peso (CLP) traded at 492.0 per USD, which represents a 4.7% nominal appreciation over the 515.1 CLP per USD recorded on the last day of September. The result represents the strongest monthly appreciation since August 2010. However, the peso remained virtually unchanged in nominal terms against the U.S. dollar compared to the same day last year. Rising copper prices play an important role in the currency's appreciation, as the peso often takes trading cues from the metal industry. Chile is the world's largest copper producer and accounts for a third of global copper supply. The Central Bank maintains its USD 12 billion currency-intervention program designed to pin down the strengthening peso and offset spill-over effects from the metal industry.
Chile Exchange Rate
Chilean peso strengthens on rising copper prices
November 1, 2011
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Chile Economic News
October 12, 2016
In September, the Adimark GfK consumer confidence index (IPEC, Índice de Percepción de la Economía) rose slightly, inching up from August’s record-low of 31.5 points to 33.4 points.
October 7, 2016
In September, consumer prices rose 0.2% over the previous month, which came in above August’s flat reading.
October 6, 2016
In Q3, the mood among Chilean businesses improved and reached the highest level in a year.
October 5, 2016
For a third consecutive month, the mood among Chilean businesses improved in September after it had fallen to the lowest level in over seven years in June.
October 5, 2016
In August, economic activity rose 2.5% over the same month last year, according to the monthly indicator for economic activity (IMACEC).