How much is the dollar worth in Chile: check the exchange rate for today, July 2

How much is the dollar in Chile? Here we tell you what the exchange rate is for this Saturday, July 2, given the concern of the markets and investors about galloping inflation and the possibility of a recession, which was driving the foreign currency, seen as a refuge asset.

The dollar is priced at the beginning 932.58 Chilean pesos on averagewhich represented a change of 0.6% compared to the average of the previous session.

Regionally, most Latin American currencies and stock markets posted losses at the end of Thursday, as markets and investors worried about runaway inflation and the possibility of a recession, which boosted the dollar, seen as a safe haven asset.

According to the Reuters agency, investors were looking for safety in the US currency while stocks fell around the world due to the growing risk of recession.

The dollar index, which compares the greenback to a basket of six currencies, gained about 0.6%, despite a drop in US Treasury yields.

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.