Chile: Peso strengthens in the first weeks of March
March 16, 2012
On 16 March, the Chilean peso (CLP) traded at 482.4 per USD, which was 3.5% stronger than the level recorded in the same day the previous month. The figure follows on a 2.4% appreciation in February. The Chilean peso appreciated on the back of rising copper prices in early March, as Chile produces a third of the world's copper and the currency takes cues from the metal industry. In annual terms, the CLP gained 0.8% over the same month last year, when the peso traded at 486.4 per USD.