Exchange Rate in Chile
Chile - Exchange Rate
Civil turmoil drives the peso to a 16-year low in November
The Chilean peso plunged to a record low against the U.S. dollar at the end of October amid heightened civil unrest. On 1 November, the peso ended the day at 741 per USD, a 1.6% depreciation from the same day in October. The result marked a 6.3% depreciation year-to-date and a 7.1% loss from the same day last year.
The peso’s lackluster performance this year has been driven by low copper prices, as well as broader external uncertainties and trade war turmoil. More recently, the peso fell to a fresh new low following the cancellation of the APEC and COP25 summits on 30 October as the government struggled to quell the wide spread protests that have engulfed the country in the past weeks and dampened investor sentiment.
Our panel sees the peso recovering going forward. As it stands, they see the currency ending 2020 at 702 per USD and 2021 at 679 per USD.
Chile - Exchange Rate Data
|Exchange Rate (vs USD)||525.5||606.9||708.6||669.8||615.4|
5 years of economic forecasts for more than 30 economic indicators.
Chile Exchange Rate Chart
Source: Thomson Reuters.
|Bond Yield||2.57||-0.44 %||Sep 04|
|Exchange Rate||722.8||0.05 %||Sep 04|
|Stock Market||24,044||-0.67 %||Sep 04|
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November 18, 2019
Growth clocked in at 3.3% year-on-year in the third quarter, accelerating from the second quarter’s 1.9% increase and marking the fastest expansion so far this year.
November 8, 2019
Consumer prices rose 0.8% in October, after seeing no growth in September.
November 5, 2019
The Adimark GfK consumer confidence index fell to 36.7 points in October, the lowest print since October 2016, from 38.6 points in September, thus falling further below the critical 50-point threshold that separates pessimism from optimism among Chilean consumers.
November 4, 2019
The Chilean peso plunged to a record low against the U.S. dollar at the end of October amid heightened civil unrest.
November 4, 2019
The business confidence index (IMCE), published by ICARE and the Adolfo Ibáñez University, rose in October, coming in at 51.5 points (September: 50.7 points).