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The US dollar was trading at 803.75 Chilean pesos at opening, down 0.21% compared to the 805.46 Chilean peso the previous day.
Compared toprofitability in the last 7 days, the US dollar has increased by 0.28%, which is still up 12.48% over the course of the year. Comparing this figure with the previous day, where 0% gains were scored, the table changed, showing a lack of stability for recent results. Since the volatility figure is clearly lower than the data obtained last year (13.38%), we can say that it is experiencing greater stability lately.
In theannual photo, the US dollar reached a maximum of 851.50 Chilean pesos, with the lowest level being 790.68 Chilean pesos. The US dollar is closer to the minimum than the maximum.
Overview of Chilean pesos
TheChilean peso has been a legal tender in Chile since 1975 and is regulated by the Central Bank of Chile, which resumes the use of the peso symbol ($) and controls the amount generated.
TheChilean currency was established in 1817 after independence, but by 1851 the decimal system was established in Chilean pesos, and now it is 100 cents. Over time, the currency has changed, but now it is calculated in full pesos.
To date, coins of 5, 10, 50, 100 and 500 pesos can be found, the latter being the first bimetallic coin produced in the United States. In 2009, there were attempts to create coins worth 20 and 200 pesos, but Congress rejected the bill. Meanwhile, in 2017 it was approved that 1 and 5 peso coins should be discontinued.
Likewise, in October 2018, the Central Bank of Chile announced that it would begin to withdraw from circulation of a 100-peso coin manufactured between 1981 and 2000 in order to reduce coexistence with the current currency, although it is still valid.
In terms of economic issues, Chile was indignant about the blow caused by the SARS-CoV-2 pandemic. Specifically, it was the highest level in 14 years with 7.2% inflation after the closing of 2021 and far above the Central Bank's target of 3%.
In 2022, the International Monetary Fund (IMF) downgraded the growth of most Latin American countries, which is not the case with Colombia, Peru and Chile, whose expectations continue to rise after seeing incredible growth and recovery at the end of 2021.
Agencies