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If you're planning a trip to Chile or need to send money to a friend or family member there, you'll want to know how to convert USD to Chilean Pesos (CLP).
The exchange rate between USD and CLP can fluctuate frequently, so it's essential to check current rates before making a transaction.
You can use online tools like XE.com or Oanda.com to get the latest exchange rates and perform conversions.
XE.com, for example, offers a currency converter that allows you to enter the amount of USD you want to convert and see the equivalent amount in CLP.
Conversion Tools
To convert US dollars to Chilean pesos, you can use a currency converter. Simply type in the box how much you want to convert, and select USD as the currency you want to convert from and CLP as the currency you want to convert to.
You can also find conversion rates for specific amounts, such as 1,000 CLP being equal to 0.9864 USD, or 1 USD being equal to 1,013.83 CLP.
Here are some specific conversion rates to keep in mind:
For example, if you want to know the current USD to CLP exchange rate, you can check the current rate, such as 0.0009864 USD per Chilean Peso as of January 13, 2025.
Convert to Real
For those traveling to or from Chile, converting your money can be a challenge. The best CLP to USD exchange rate is 0.0009864 USD.
If you're planning a trip to Chile, it's essential to know how much your money is worth. As of January 13, 2025, 01:55 PM UTC, this rate applies.
To give you an idea of how this works, for every Chilean Peso you exchange, you will receive 0.0009864 US Dollars.
Conversion
To convert US dollars to Chilean pesos, you can simply type in the amount you want to convert and use a currency converter. The converter will show you the current USD to CLP rate and how it's changed over the past day, week, or month.
To get the current exchange rate, you can check the conversion rates online. For example, as of January 13, 2025, 1 USD is equivalent to 1,013.83 CLP.
You can also find conversion rates for specific amounts, such as 1,000 CLP being equivalent to 0.9864 USD. To give you a better idea, here are some common conversions:
Keep in mind that exchange rates can fluctuate frequently, so it's always a good idea to check the current rate before making any conversions.
Sign Up in Minutes
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Signing up for a conversion tool is a breeze. It typically takes only a few minutes to get started.
You can expect a straightforward registration process, often requiring just a few simple steps. These may include entering your name and email address, creating a password, and confirming your account through a verification email.
Most conversion tools offer a free trial or a basic plan that's easy to sign up for. This allows you to test the tool and see how it can benefit your business.
Some conversion tools have a mobile app that makes it even easier to get started on the go. You can download the app and sign up in just a few taps.
By signing up in minutes, you can start optimizing your website or landing page and seeing improvements in your conversion rates.
Currency Information
The Chilean Peso is the official currency of Chile, and it's divided into 100 centésimos. The Chilean Peso is issued by the Central Bank of Chile.
You can exchange USD for Chilean Pesos at banks, currency exchange offices, or some hotels. The exchange rate can vary depending on the location and the current market rate.
In Chile, you can pay with credit cards at many businesses, but cash is still widely accepted. Some businesses may also accept USD, but it's not as common.
The Chilean Peso is available in various denominations, including coins and banknotes. The coins come in 1, 5, 10, 50, 100, and 500 centésimos, while the banknotes come in 1,000, 2,000, 5,000, 10,000, 20,000, and 50,000 pesos.
Historical Data
The USD to CLP exchange rate has been on an interesting ride lately. The US Dollar has increased in value compared to the Chilean Peso, with a 7.06% gain in the last six months.
In the last 30 days, the exchange rate has seen a high of 1,016.5900 and a low of 986.9000, with an average of 1,001.2853. This means the exchange rate has fluctuated quite a bit in a short period of time.
If you're looking for a broader picture, the 90-day average is 980.5528, with a 5.76% change from the low point of 945.6850.
You can also view the exchange rate for specific years by clicking on the links provided. The years range from 2016 to 2025.
If you're curious about the highest exchange rate in the last year, it was 0.001127 US Dollars per Chilean Peso on May 20, 2024.
Here's a summary of the exchange rate performance in the last year:
The Chilean Peso has actually decreased in value compared to the US Dollar, with a 9.94% drop in the last year.
Analysis and Forecast
Analysts at ING, Scotiabank, and Societe Generale have issued USD/CLP forecasts for 2022 and beyond. ING predicts the pair could rise from 925 at the end of the third quarter to 950 by the end of the year.
Trading Economics' USD/CLP forecast from Trading Economics expected the pair could trade at 951.14 by the end of the third quarter and rise to 1,044.54 in 12 months’ time. This is based on global macro models and analysts’ expectations.
ING's USD/CLP forecast for 2023 shows the pair trading at 925 for the first three quarters, before rising to 987 by the end of the year. Societe Generale's forecast is similar, with the pair trading at 987 by the end of 2023 and above 1,000 in 2024.
Here is a summary of the forecasts:
It's worth noting that currency markets are highly volatile, making it difficult for analysts to make accurate long-term predictions. Always do your own research and consider multiple sources before making any investment decisions.
What Affects
What Affects the USD to CLP Exchange Rate?
Economic indicators, such as GDP growth, inflation, and interest rates, can significantly impact the exchange rate.
These indicators can have a ripple effect, influencing the overall economy and, in turn, the exchange rate.
GDP growth, for instance, can lead to an increase in demand for Chilean products, causing the CLP to appreciate against the USD.
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Inflation rates, on the other hand, can erode the purchasing power of the CLP, leading to a decrease in its value against the USD.
Interest rates play a crucial role in determining the exchange rate, as changes in interest rates can affect the cost of borrowing and investment.
Here are some key factors that can impact the exchange rate:
- Economic indicators: GDP growth, inflation, and interest rates
- Geopolitical events: elections and trade agreements
- Central bank decisions: interest rate changes
Forecast: What's Next?
The USD/CLP exchange rate is influenced by various factors, including economic indicators, geopolitical events, and central bank decisions. Economic indicators such as GDP growth, inflation, and interest rates can impact the exchange rate.
The value of the US dollar is driven by sentiment on the health of the global economy and the US economy. The dollar acts as a safe haven asset in a risk-off environment as investors look for ways to protect their money from economic uncertainty.
Analysts at Dutch bank ING are cautious in their outlook for the peso, predicting that the pair could rise from 925 at the end of the third quarter to 950 by the end of the year.
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The USD/CLP forecast from Trading Economics expected that the pair could trade at 951.14 by the end of the third quarter and rise to 1,044.54 in 12 months’ time.
The US dollar is currently stronger than the Chilean peso, as 1 USD is equal to 1,013.83 CLP.
Here's a summary of the forecasts from various analysts:
Frequently Asked Questions
Is the USD strong in Chile?
The USD has shown a relatively stable performance in Chile, with a 30-day average exchange rate of 984.74 CLP and a 90-day high of 997.26 CLP. However, the exchange rate has fluctuated, with a 30-day low of 969.08 CLP and a 90-day low of 920.95 CLP.
What is the best currency to use in Chile?
In Chile, using the local currency, pesos, is recommended to avoid being overcharged. Credit cards and ATMs are also widely available for convenient transactions.
Should I exchange money before I travel to Chile?
Exchange some local pesos or change at the airport to cover small expenses, as US dollars are not widely accepted in Chile. You can also exchange cash at restaurants and hotels, but be aware that you'll get a lower exchange rate.
What is the future of USD to CLP?
We estimate the USD to CLP exchange rate to be around 994.01 in 12 months. This projection is based on current market trends and is subject to change.
Can you use US dollars in Chile?
US dollars are not commonly used for day-to-day transactions in Chile, but can be exchanged at banks or some hotels during office hours. It's best to exchange your money for Chilean Pesos to avoid any inconvenience.
Sources
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