Exchange Rate in Chile
Chile's exchange rate over the last decade was influenced by commodity prices, particularly copper, and global economic conditions. The Chilean Peso generally maintained stability in the early part of the decade, supported by strong copper prices. However, the 2019 social unrest, 2020 pandemic, more statist economic policy under the Boric administration, the constitutional reform process plus persistently higher inflation than in the U.S. have led to significant depreciation in the last few years.
The exchange rate ended 2024 at CLP 994.5, compared to the end-2023 value of CLP 873.3 and the figure a decade earlier of CLP 606.9. It averaged CLP 757.1 over the last decade. For more exchange rate information, visit our dedicated page.
Chile Exchange Rate Chart
Note: This chart displays Exchange Rate (vs USD) for Chile from 2024 to 2023.
Source: Macrobond.
Chile Exchange Rate Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Exchange Rate (CLP per USD, eop) | 711 | 852 | 852 | 873 | 995 |
| Exchange Rate (CLP per USD, aop) | 791 | 760 | 873 | 840 | 944 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Chilean exchange rate projections for the next ten years from a panel of 34 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable exchange rate forecast available for Chilean exchange rate.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Chilean exchange rate projections.
Want to get access to the full dataset of Chilean exchange rate forecasts? Send an email to info@focus-economics.com.