On 31 August, the Chilean peso (CLP) traded at 465.66 per USD, which represents a 2.1% nominal depreciation over the 455.94 CLP per USD tallied on the last day of July. However, the peso has experienced a 7.2% appreciation in nominal terms against the U.S. dollar compared to the same day last year. On 29 August, Chile's Central Bank purchased USD 50 million at an average rate of CLP 464.40 per dollar, as part of its ongoing USD 12 billion currency-intervention program. Moreover, on 5 September, the Bank purchased an additional USD 50 million, at an average CLP 462.04 per dollar. So far, the programme has accumulated USD 8.70 billion. The programme aims to pin down the strengthening peso and offset spill-over effects from the metal industry, as high copper prices play an important role in the currency's appreciation.
Chile Exchange Rate
Chilean peso weakens in August
September 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).