On 29 July, the Chilean peso (CLP) traded at 455.9 per USD, which represents a 3.3% appreciation over the 471.1 CLP per USD tallied on the last day of June. Moreover, the peso has experienced a 14.6% appreciation in nominal terms against the U.S. dollar compared to the same period 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 in fact the world's premier copper producer and accounts for a third of global copper supply. The Central Bank of Chile, as part of its ongoing USD 12 billion currency-intervention program started on 3 January, has already accumulated USD 7.45 billion so far this year, to partially offset fears that the appreciation of the national currency could threaten the competitiveness of the Chilean export sector.
Chile Exchange Rate
The Chilean peso strengthens on rising copper prices
August 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).