Dollar: opening price today March 21 in Chile

After the opening of the trading session, the US dollar is paid at the opening at 804.33 Chilean pesos on average, which implied a rise of 0.22% compared to 802.53 Chilean pesos on average the previous day.

Taking into account the last seven days, the US dollar marked a decline of 0.62%; despite this in the last year it still has an increase of 9.66%. Analyzing this data with that of previous dates, it reverses the result of the previous day in which it experienced a decrease of 0.43%, showing that it is unable to consolidate a trend defined in recent dates. The volatility figure is lower than the numbers achieved for the last year (13.43%), showing itself as a value with fewer changes than normal in recent days.

In the annual photo, the US dollar has reached a maximum of 851.50 Chilean pesos on average, while its lowest level has been 790.68 Chilean pesos on average. The US dollar is closer to its low than its maximum.

The recovery of the Chilean peso

The Chilean peso has been the legal tender 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 minted.

The Chilean currency was established in 1817 after the country's independence, but it was until 1851 that the decimal system was established in the Chilean peso, which is now 100 cents. As time has passed, the Chilean peso has been changing, but it is currently counted in whole pesos.

To date, you can find coins of 5, 10, 50, 100 and 500 pesos, the latter being the first bimetallic coin produced in the country. In 2009, attempts were made to make coins of 20 and 200 pesos, but the bill was repudiated by Congress. Meanwhile, in 2017 it was approved that the 1 and 5 peso coins should be discontinued.

Likewise, in October 2018, the Chilean Central Bank announced that it would begin to withdraw from circulation of 100-peso coins manufactured between 1981 and 2000, in order to reduce their coexistence with current currencies, although they are still in force.

In terms of economic matters, Chile has resented the blow caused by the coronavirus pandemic, especially after closing 2021 with inflation of 7.2%, its highest level in 14 years and well above the Central Bank's target of 3%.

Although for 2022 the International Monetary Fund (IMF) has revised the growth of most Latin American countries downwards, not so 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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