The below table shows the historic variation in the CLP/EUR exchange rate over the last 10 years. The percentage change is the difference from the date shown to present. This lets you decide if the current rate is in your favour.
14 Oct 2018
21 Sep 2018
24 Apr 2018
21 Oct 2017
21 Oct 2016
22 Oct 2013
23 Oct 2008
The three things you need in order to get a good CLP to EUR exchange rate
Know the latest CLP/EUR market mid-rate.
The closer your final exchange rate is to this real market rate the better deal you are getting.
You should also judge how the current rate compares to the historic rate over the past 10 years.
Compare your Bank's transaction costs
licensed FX providers, remember to compare the exchange rate margins as well as the various types of fees.
We make that easy to do with our calculators for
Transaction Costs - Margins and Fees for CLP/EUR Transfers and Currency Exchange
The transaction margin from the mid-rate you will be charged by your bank or foreign exchange provider plus any fixed or percentage fees. These margins and fees will vary significantly for International Money Transfers and Travel Money transactions.
Getting a good market rate is mainly about timing however the transaction margin
you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for
travel money and possibly over 5% to 6% when sending money.
The exact potential savings depends on the currencies being exchanged and the amount
you are transferring and if you are willing to shop around.
Currency News, Research and Forecasts for Chilean Peso and Euro
Whenever you are interested in an exchange rate you are actually interested in two currencies due to the fact that the value of a currency must always be quoted in comparison to a second currency.
So it follows that if you are determining the best time to transact, in this case the CLP vs EUR, you should pay attention to both Chilean Peso and Euro news and forecasts.
Chilean Peso (CLP) - Market news and forecasts
No recent Chilean Peso market updates.
Euro (EUR) - Market news and forecasts
The euro fell on October-8, the day of this report, to 7-week and 3 ½-month lows against the dollar and pound respectively. It was strong against the Antipodes, however — it struck a 3-year high against the New Zealand dollar. Exchange rates at the time of writing were $1.146, £0.878 and N$1.793.
Eurozone monetary policy has been dull since the ECB signalled in June it would leave interest rates unchanged until the latter stages of 2019, which has left Brexit, Italian politics and a Turkish lira currency crisis to drive euro FX rates in recent months.
Recent weakness versus the dollar reflects changes in the outlook for US inflation and interest rates (now expected higher), and against the pound, reflects a growing estimation that the UK and EU will strike a deal on Brexit (the euro rises strongly against the pound whenever the likelihood of “no deal” is increased).
In October, ING forecast EUR/USD 9-13 percent higher by the middle of 2019, at rates between $1.25 and $1.30. ING’s principal reason for euro optimism related to monetary policy: in 2019, the bank believes the market will begin to price in interest rate hikes that will come in the fourth quarter.
Why can't I just get the same CLP/EUR market rate I see on Google or in the Media?
The CLP/EUR mid-rate is the rate you will see
Quoted on Google
or the News, nobody except the largest banks and businesses can get exchange rates close to this mid-rate. It is actually just the theoretical half-way point (hence mid-rate) between
the last rate at which the CLP / EUR was traded (bought or sold) in the international markets.
When you look up the current Chilean Peso to Euro exchange rate on the web the figure you find quoted on sites like google or mentioned on TV is commonly referred to as the mid-market rate.
Getting a great CLP to EUR mid-market rate is all about timing, so unless you
are able to wait, watch and time the market this is largely beyond your control.
This rate will go up and down with varying amounts of volatility depending on the currency pair.
This mid-market rate is really only a reference and is just the starting point for calculating the actual rate you will
get for your transaction, luckily we can also use this same rate to determine how good a deal a rate that a provider offers you actually is.
You can use our CLP to EUR currency converter to calculate equivalent amounts in each currency using the latest mid-market exchange rates.
Then choose your transaction type for specific Chilean Peso cross rates and reviews of leading foreign exchange providers versus the Banks.
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