The Chilean peso fell yesterday as Chile’s economic growth trailed forecasts, reinforcing the view that the central bank will cut interest rates soon.
Chilean Peso CLP
Central Bank: Central Bank of Chile
Interest Rate: 5.00%
Public Debt to GDP Ratio, 2011: 9.2%
Trade Balance, 2011: $10.79 bln.
Inflation, 2011: 3.3%
High-yielding interest rates
Major commodity exporter
Factors of Weakness
High-risk emerging country
The Chilean peso is the currency of Chile. Its modern version replaced the old currency in 1975. The currency is supported by the view on the economy of Chile as one of the most stable in South America. Chile produces about 1/3 of world copper output; therefore prices for copper have great influence on performance of the peso.
Chilean Peso News Archive
May 21st, 2013 at 1:42
May 17th, 2013 at 19:00
The Chilean peso weakened today against the US dollar even though the central bank refrained from cutting interest rates yesterday. The currency advanced versus the euro.
May 16th, 2013 at 8:28
The Chilean peso fell as signs of economic slowdown in the South American country fueled speculations that the central bank may ease its monetary policy to stem the currency’s strength.
April 10th, 2013 at 14:16
The Chilean peso weakened today on speculations that the central bank may intervene to trim the rally of the currency that reached the highest level since September 2011 this week.
April 08th, 2013 at 14:27
The Chilean peso advanced today as consumer inflation accelerated more than analysts have expected. The data spurred speculations that the central bank may raise interest rates to slow growth of consumer prices.
March 27th, 2013 at 18:25
The Chilean pesos declined today as problems of various countries of the European Union left Forex traders unwilling to risk, driving them to currencies that offer higher safety.
March 06th, 2013 at 2:32
The Chilean peso advanced on speculations that monetary stimulus in Europe will bolster economic growth of the South American nation, which continues to beat analysts’ forecasts.
February 15th, 2013 at 14:53
The Chilean peso retreated today after the central bank left interest rates unchanged on its yesterday’s meeting as inflation was not high enough to prompt an interest rate hike.
November 13th, 2012 at 23:48
The Chilean peso weakened today against the US dollar even after Chile’s central bank left its main interest rates unchanged as positive domestic fundamentals outweighed negative influence of the global economic slowdown.
October 19th, 2012 at 16:07
The Chilean peso gained against the euro today as the nation’s central bank left its monetary policy interest rate unchanged and did not hint that it wants the currency to depreciate. The peso weakened against the US dollar.