On the last day, the euro was negotiated at the close at 897.85 Chilean pesos on average, which meant a decrease of 0.55% compared to the value of the previous day, when it ended with 902.82 Chilean pesos on average.
Compared to the last week, the euro registers an increase of 1.24%, so that in the last year it still accumulates a rise of 2.14%. Regarding the changes of this day with respect to previous days, it reversed the result of the previous day when it experienced a rise of 0.81%, recently showing a lack of stability in the result. The volatility figure was 12.36%, which is well below the annual volatility figure (20.12%), so we can say that it is going through a period of greater stability in recent times.
In the annual photo, the euro It has been paid at a maximum of 965.23 Chilean pesos on average, while its lowest level has been 840.57 Chilean pesos on average. The euro it is placed closer to its minimum value than to its maximum.
The recovery of the Chilean peso
The Chilean peso has been the legal currency of Chile since 1975, it resumes the use of the peso sign ($) and is regulated by the Central Bank of Chile, which controls the amount of money in circulation.
The Chilean currency was established in 1817 after the country’s independence, but it was not until 1851 that the decimal system was established in the Chilean peso, which is now made up of 100 cents. As time has passed, the Chilean peso has been changing, but currently it is counted in whole pesos.
To date you can find coins of 5, 10, 50, 100 and 500 pesos, the latter was the first bimetallic coin produced in the country. In 2009, attempts were made to make 20 and 200 peso coins, but the project was rejected by Congress. Meanwhile, in 2017 it was approved to stop issuing the 1 and 5 peso coins.
Likewise, in October 2018, the Chilean Central Bank announced that it would begin the withdrawal from circulation of the 100-peso coins created between 1981 and 2000, in order to reduce their coexistence with current currencies, although they are still valid.
Regarding economic matters, Chile has suffered the blow from the coronavirus pandemic, especially after closing 2021 with an inflation of 7.2%, its highest level in 14 years and well above the Central Bank’s goal. which was 3 percent.
Although for this 2022 the International Monetary Fund (IMF) has revised downward the growth of most Latin American countries, this has not been the case for Colombia, Peru and Chile, whose expectations continue to rise after showing surprising growth and recovery at the end of 2021.
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