Currency Rate Chilean Peso to USD
Our Currency Rate CLP latest updates allow you to track real-time exchange rates effortlessly. By accessing and analyzing accurate and current data, you'll stay informed on the CLP. We provide comprehensive information to meet all your financial needs effectively.
Buying rate
CLP 0.000955
Selling rate
CLP0.001137
The Chilean Peso, commonly abbreviated as CLP, is the official currency of Chile. Known locally as the "peso," the CLP is symbolized as "$" or "CLP." Introduced in 1975, the Chilean peso replaced the old peso at a rate of 1 new peso = 1,000 old pesos, as part of Chile's efforts to stabilize its economy.
Currency Details
Symbol: $ or CLP
ISO Code: CLP
Subunits: 1 Peso = 100 centavos
Banknotes and Coins
The CLP is available in both coins and banknotes:
Coins:
1 peso
5 pesos
10 pesos
50 pesos
100 pesos
500 pesos
Banknotes:
1,000 pesos
2,000 pesos
5,000 pesos
10,000 pesos
20,000 pesos
History and Background
The Chilean Peso was reintroduced on September 29, 1975, replacing the old peso. This change aimed to stabilize Chile's economy and bring down high inflation rates that had plagued the country.
Economic Significance
The CLP is crucial to Chile's economy, facilitating trade, investment, and economic development. Chile is known for its stable economy, supported by robust industries such as mining (copper), agriculture, forestry, and fishing. The value of the peso is influenced by various factors, including copper prices, economic policies, and global market conditions.
Usage and Exchange
The CLP is widely accepted across Chile for all transactions, from everyday purchases to significant business deals. For visitors and expatriates, exchanging foreign currency for pesos is straightforward, with numerous exchange bureaus, banks, and ATMs available throughout the country. Major credit cards are also widely accepted, ensuring convenience for international travelers.
Conclusion
The Chilean Peso is more than just a currency; it is a symbol of Chile's economic stability and its rich cultural heritage. Understanding the CLP is essential for anyone engaging with Chile's dynamic economy, whether you are a resident or a visitor. The peso's stability and accessibility play a crucial role in the country's economic resilience and growth.
Currency Details
Symbol: $ or CLP
ISO Code: CLP
Subunits: 1 Peso = 100 centavos
Banknotes and Coins
The CLP is available in both coins and banknotes:
Coins:
1 peso
5 pesos
10 pesos
50 pesos
100 pesos
500 pesos
Banknotes:
1,000 pesos
2,000 pesos
5,000 pesos
10,000 pesos
20,000 pesos
History and Background
The Chilean Peso was reintroduced on September 29, 1975, replacing the old peso. This change aimed to stabilize Chile's economy and bring down high inflation rates that had plagued the country.
Economic Significance
The CLP is crucial to Chile's economy, facilitating trade, investment, and economic development. Chile is known for its stable economy, supported by robust industries such as mining (copper), agriculture, forestry, and fishing. The value of the peso is influenced by various factors, including copper prices, economic policies, and global market conditions.
Usage and Exchange
The CLP is widely accepted across Chile for all transactions, from everyday purchases to significant business deals. For visitors and expatriates, exchanging foreign currency for pesos is straightforward, with numerous exchange bureaus, banks, and ATMs available throughout the country. Major credit cards are also widely accepted, ensuring convenience for international travelers.
Conclusion
The Chilean Peso is more than just a currency; it is a symbol of Chile's economic stability and its rich cultural heritage. Understanding the CLP is essential for anyone engaging with Chile's dynamic economy, whether you are a resident or a visitor. The peso's stability and accessibility play a crucial role in the country's economic resilience and growth.
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