How much is the dollar in Chile? Here we tell you what the exchange rate is this Friday, August 5, in the midst of a lower aversion to risk assets that translated into a decline in the greenback in global markets.
The dollar in Chile ended the day on Thursday, August 4, at 901.80 Chilean pesos, which meant a drop of 1.08% compared to the session on Wednesday, according to Reuters data.
Inflation in Chile marked an increase of 0.9% in June, an increase slightly lower than expected by the market and driven by increases in transport, food and non-alcoholic beverages, the National Institute of Statistics (INE) reported on Friday.
According to the agency, the Consumer Price Index (CPI) accumulates 7.1% so far this year and 12.5% in 12 months, the highest levels since 1994.
“It is still a high figure, but it is important to note that it is the first time in many months that it surprises on the downside (…) on the other hand, it is the third CPI to drop in the monthly variation after the March pick (. ..) This tells us at least as far as the persistence of these shocks can be high minor”, said the Minister of Finance, Mario Marcel.
He explained that “there are elements of sweet and sour”, the negative part being “the increase in the cost of living as well as the rise in food”.
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.