How much is the dollar worth in Chile: check here the exchange rate for today, June 28

How much is the dollar in Chile? Here we tell you what the exchange rate is for this Tuesday, June 28, in the midst of a slight global decline in the dollar, while the bulk of the stock markets rose as the appetite for risky assets increased and fewer fears for the sustained inflation, amid a drop in oil prices.

The dollar in Chile ended the day on Monday, June 27, at 920.60 Chilean pesos, which meant an advance of 0.30% compared to the session on Thursday, according to data from Bloomberg.

At a regional level, most Latin American currencies fell on Monday, despite a slight global decline in the dollar, while the bulk of stock markets rose as appetite for risky assets increased and fears abated over sustained inflation, amid a drop in oil prices.

According to the Reuters agency, the dollar traded slightly lower on Monday against its main rivals, as the decline in inflation expectations motivated a reassessment of the prospects for aggressive increases in interest rates, but the volatility of the markets cushioned a wider descent.

Bets on aggressive rate hikes have buoyed the dollar index, which hit its highest level in nearly two decades earlier this month. But with some data showing economic momentum starting to cool and a broader drop in commodity prices, investors are turning cautious.

Meanwhile, global stocks extended gains on Monday, capitalizing on Friday’s strong close on Wall Street as oil prices retreated from their highs, improving sentiment and easing concerns about prolonged inflation.

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.