Chile Forum

Well, it looks like we got the perfect storm in terms of the peso coming:
http://www.iht.com/articles/2009/03/22/ ... kets23.php

Weak dollar, some signs of life in commodities markets, Chile central bank looking to strengthen the peso.

Yes, I cut my losses and changed my dollars last week... Doesn't look too good, but I suppose we have been doing pretty well for a few months.

577 today chilean peso depends a lot of coper prices

Real State wrote:577 today chilean peso depends a lot of coper prices

Maybe it is up and down a lot but XE.com is:

1.00 USD = 583.846 CLP at 3pm Central, March 23.

Well "le dow" went off its rocker today, be interesting how long that lasts. Watching the Aussie market with interest tonight.

mardy wrote:Well "le dow" went off its rocker today, be interesting how long that lasts. Watching the Aussie market with interest tonight.

No doubt! They seem to feed off each other; so maybe, just maybe, the trend will go the other way for a while?!?

Well I won't try and hold my breath. Probably won't get a chance to suck any air in. Hey John. Hope your using up all "that time" wisely....(chuckles to himself)

mardy wrote:Well I won't try and hold my breath. Probably won't get a chance to suck any air in. Hey John. Hope your using up all "that time" wisely....(chuckles to himself)

I think so... still packing, studying my Spanish, visiting with friends and family, all the things I need to do before I leave in 2 weeks! The good news is, I have a contract on my house! Pray for no hiccups in that regard!

In regards to the market... I think it may be a tad early to breathe any sigh of relief!

Good To Hear.

I'm pretty sure we'll be taking a few more nose dives yet over the coming months. I'm just dipping my toes at the moment...In and Out... much like swimming in the lake here.

JaX_Chile wrote:

Real State wrote:577 today chilean peso depends a lot of coper prices

Maybe it is up and down a lot but XE.com is:

1.00 USD = 583.846 CLP at 3pm Central, March 23.

Received 587.92 at the ATM this afternoon hours after the official BCC official posting with the live xe.com rate hovering at 582ish

i dont mind xe or whatever.
if you want to know the real (and official) value you gotta go to http://www.bcentral.cl/index.htm
and there show 579 but in economiaynegocios.cl was 577 http://diario.elmercurio.com/2009/03/24 ... 8BCDC0D32A

i know that many of you cant read in spanish but there are the first sources allways

Real State wrote:i dont mind xe or whatever.
if you want to know the real (and official) value you gotta go to http://www.bcentral.cl/index.htm

I don't think that's true. The ("observado") value at bcentral.cl is just indicative. Actually I'm not 100% sure what it's for (other than the statistical record), but the rate you get from the bank seems to correlate with hour-to-hour market fluctuations, not the daily dolar observado. Also, note that some of the people here are discussing the rates they get with their ATM cards from the US, which certainly wouldn't follow a Chilean government rate.

Cheers,

James.

Official rate completely useless for ATM machine use as evident in my previous post.

Real State wrote:i dont mind xe or whatever.
if you want to know the real (and official) value you gotta go to http://www.bcentral.cl/index.htm
and there show 579 but in economiaynegocios.cl was 577 http://diario.elmercurio.com/2009/03/24 ... 8BCDC0D32A

i know that many of you cant read in spanish but there are the first sources allways

First off, the Central Bank of Chile site has an English version, so no Spanish necessary.
http://www.bcentral.cl/eng/index.htm

Second, who cares if it's in English, Spanish, or Latin...there is no "real" or "official" value. The Peso hasn't been a fixed rate currency for years. It floats based on what the foreign exchange market wants to buy and sell it for and more importantly, whoever you are ACTUALLY exchanging it with at that moment. And the "Exchange rate" you see, is not a real number, since it's just a mid-point between the buy and sell rates of that currency.

Dollar currently at 585....time to go to the ATM?????

While I was learning how to report my income to the Chilean government, I found a helpful archive of dollar vs peso exchange rates, every weekday since 1990.....go to http://home.sii.cl/, at the bottom of the page there is a list of "Indices Economicos", click on "Dolar".