Chilean Peso Hits Record High on 2010 Growth Report
The commodity export driven economy of Chile is set to growth more than previously expected for the next year in a report published today that helped the national peso to reach the highest level in 2009 versus the U.S. dollar.
The Chilean peso managed to reach the highest rate in 15 months today after the national central bank affirmed through a report that the economy may grow as much as 4.4 in the next year, indicating that the vigorous South American nation managed to recover entirely from the global slump.
USD/CLP traded at 507.25 as of 16:33 GMT from an opening rate of 512.45 today.
If you have any questions, comments or opinions regarding the Chilean Peso, feel free to post them using the commentary form below.
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CategoriesEarlier News About the Chilean Peso:
- Chilean Peso Extends Rally on Surplus (2009-10-07)
- Chilean Peso Down on U.S. Economy Outlook (2009-10-02)
- Chilean Peso Gains on U.S. Positive Reports (2009-09-16)
- Chilean Peso Declines on Metallic Commodities Demand (2009-08-17)
- Chilean Peso Declines on U.S. Consumer Confidence (2009-08-14)
2 Comments
Does any one thoughts on what the Chilean peso will do compared to the USD over the next few months? Where can I find forecast?
CLP will continue to rise against the USD for as long as the commodity markets are rising and the dollar is falling against all other currencies. USD/CLP is almost inverse of Copper chart.