How much is the dollar worth in Chile: check here the exchange rate for today, June 15

How much is the dollar in Chile? Here we tell you what the exchange rate is for this Wednesday, June 15, in the midst of the Consumer Price Index (CPI) that rose 1.2% in May due to food prices and air transport, and at 11 .5% in the one-year comparison, a figure not seen for three decades.

The dollar in Chile ended the day on Tuesday, June 14, at 868.48 Chilean pesos, which meant an advance of 0.79% compared to Monday’s session, according to data from Bloomberg.

At a global level, the year-on-year rate of inflation in the United States moderated slightly in April to 8.3% -two tenths below that of March-, reported the Bureau of Labor Statistics. The monthly rise in consumer prices was 0.3%.

In addition, the United States Federal Reserve raised its benchmark interest rates by half a percentage point, the first increase of this magnitude since 2000, to try to control record inflation, and signaled that further hikes “will be justified” in the future.

The rates were in a range of 0.75% to 1%, according to the official statement issued at the end of a two-day meeting of the Federal Reserve Monetary Policy Committee (FOMC).

The Chilean peso is the official currency of Chile, whose origins with the Central Bank of Chile as issuer date back to 1925.

Currently, coins of 10, 50, 100 and 500 Chilean pesos are in circulation. Those of 1 and 5 pesos have ceased to be issued since 2017.

To date, the bills that circulate in Chile are those of 1,000, 2,000, 5,000, 10,000 and 20,000 pesos.

The 1,000, 2,000 and 5,000 peso bills are made of a material known as polymer, which is soft and smooth to the touch. For the denominations of 10,000 and 20,000 pesos, cotton paper is used, which gives them a certain rough texture.

This year, Chile will have great political and economic challenges with the leftist Gabriel Boric, who came to power after winning the second presidential round on December 19, 2021, with 55.87% of the preferences over 44.13% of his rival José Antonio Kast.

Chile’s Gross Domestic Product (GDP) grew 7.2% in the first quarter compared to the same period last year, driven by services and trade, although in a lower range than expected, the Central Bank reported on Wednesday.

The quarterly figure, slightly lower than expected by the market, where an expansion of 7.4% had been anticipated, confirms the beginning of the slowdown in the Chilean economy, which in 2021 closed with a growth of 11.7%, the highest since records are kept.

Inflation in Chile continues to rise. The Consumer Price Index (CPI) rose in May to 1.2% due to the prices of food and air transport, which raises the rate to 6.1% in the first five months of the year and to 11.5 % in the comparison to one year, a figure that has not been remembered for three decades.

According to figures from the National Institute of Statistics (INE), 10 of the 12 divisions that make up the CPI basket rose in May and only two fell.

Among those that rose the most, the price of food and non-alcoholic beverages stood out, 1.8%; and that of transport, 2.2%, according to the INE, which also highlighted the decrease in communications (-0.3%).

The increases in basic products such as bread and cereals were 1.6% and 2.6% in vegetables, legumes and tubers; while in soft drinks it was 4.8%.