By 15 June, the Chilean peso (CLP) traded at 501 per USD, which was 3.2% weaker than the level recorded on the same day of the previous month. The figure follows on a 6.5% depreciation recorded in the month of May. On an annual basis, the peso is 6.9% weaker than in the same month last year. The Chilean peso often takes cues from developments in the European Union, one of Chile's main trade partners, and thus moves in the same direction the euro does against the U.S. dollar. In addition, lower copper prices, Chile's main export, also played a role as the peso usually follows the same direction against the USD.
Chile Exchange Rate
Peso weakens on European woes
June 15, 2012
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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).