How much is the dollar worth in Chile: check here the exchange rate for today, June 27

How much is the dollar in Chile? Here we tell you what the exchange rate is for this Monday, June 27, amid expectations that the drop in the price of raw materials can curb inflation and relax the rise in interest rates.

The dollar in Chile ended the day on Friday, June 24, at 917.84 Chilean pesos, which meant an advance of 1.48% compared to the session on Thursday, according to data from Bloomberg.

Regionally, Latin American currencies were mixed on Friday as stock markets posted gains on expectations that falling commodity prices could curb inflation and ease interest rate hikes. interest.

According to the Reuters agency, the week has been marked by sharp falls in raw materials due to concerns that the world economy will falter and that interest rate hikes will hurt growth, which in turn is leading traders to cut inflation expectations and reduce some bets on the size of the hikes.

“Inflation will remain elevated and above target, but it is increasingly likely to start to peak in the coming months,” said Andrew Hardy, investment manager at Momentum Global Investment Management. “Markets could take it reasonably well – there is potential for recovery later in the year.”

Also, the dollar index, which measures the greenback against a basket of six major currencies, retreated and headed for its first weekly decline in June as traders reduced their bets on where interest rates might peak. interest.

What is the Chilean peso?

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.

What are the banknotes that circulate in Chile?

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.