In Chile, the market price of the euro reached CLP at EUR on March 17.

At the beginning of the day, the euro was trading at 880.58 Chilean pesos, which meant an increase of 1.59% compared to 866.80 Chilean pesos the previous day.

Last week, the euro rose 0.34% and over the course of the year it still rose 2.91%. The change of this day compared to the previous day is a negative trend, stopping two sessions in a row. In relation to last week's volatility, it is lower than the volatility accumulated last year, so in this last phase there is less change than usual.

annual photo, the euro reached a maximum of 965.23 Chilean pesos, with the lowest level being 865.16 Chilean pesos. The euro is closer to its lowest value than the maximum.

Recovery of Chilean pesos

Chilean peso has been a legal tender for 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.

Chilean 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 the circulation of the 100 peso coins generated between 1981 and 2000 in order to reduce coexistence with the current currency, although it is still valid.

In terms of economic problems, Chile was indignant about the blow caused by the COVID-19 pandemic. In particular, after the closing of 2021, inflation was 7.2%, the highest level in 14 years 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.

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