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Chilean peso Exchange Update, Chart & History

CLP Markets Update - Our review of Chilean peso Forecasts and News plus Charts and Historic Rates. Check CLP Trends over various time periods.

 

Chilean peso (CLP) Market Update

The USD to CLP exchange rate has experienced fluctuations in recent times, with the USD showing strength against the Chilean Peso. FX analysts note that the US dollar has surged on diminishing expectations of aggressive interest rate cuts by the Federal Reserve. The robust US economy, highlighted by a remarkable job report in January, has pushed back market expectations for any imminent rate reductions, with some analysts anticipating a potential rate cut in June. The recent data releases, including the Non-Farm Payrolls report and statements from Fed Chairman Jerome Powell, suggest that a 0.25% reduction in borrowing costs might be on the horizon in June.

Despite the stability maintained by the Chilean Peso amidst historical inflation challenges, the USD to CLP exchange rate currently stands at 981.7, marking a 4.2% increase from its 3-month average. Economists stress the importance of upcoming US economic indicators in influencing the timing of any potential interest rate cuts by the Fed, with the March 20th rate decision being a key event to watch. As market sentiment continues to be guided by US economic data releases and Federal Reserve commentary, investors and businesses engaging in USD to CLP transactions should closely monitor these developments to make informed decisions and potentially save on their international transactions.

 

US dollar to Chilean peso - USD/CLP Trend

 
USD to CLP at 980.4 is 4.0% above its 3-month average of 942.7, having traded in a quite volatile 12.0% range from 881.1 to 986.7
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1 USD =
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CLP
 
-0.2%
📈2W
 
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