Chile Forum

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".

I know. It is not allowed to speak about rain in Southern Chile on this board. But, some water is constantly coming from the sky here at Lago Puyehue. Five days in a raw. It is definitely water. Because all is wet. Coming and coming. And my shoes are wet, my socks are wet, my sewing machine is all wet, my thread and needles are all wet. Even my pants are all wet. Is it not rain?.. Or just Some Water From The Sky?..

Rain in southern Chile? .............Sssshhhh Rune, Charles might hear you


René

Well, René, I'm trying. I'm now honestly trying to use a gas estufa to dry my pants. It doesn't work.. But I must dry them! If I return from the South of Chile.. with my pants wet.. then everyone will think there was some r@in in the South!

Can I just use a microwave oven to dry my clothes?.....

Rune, you can but remove the zipper and iron buttons first ......and read the lable for shrinking, otherwise maybe you'll go home in shorts

And only you can tell if that is a sight worth to see

....hey, you're in the south MAYBE it will become a genuine lederhose, it fits the 'aleman en el sur'

Ré

you can talk about rain in Southern Chile (hard to hide), and I am glad to see it this year. More than a bit late. You just can not talk about it in this thread.

How did we get from the exchange rate to rain? When it rains it pours?

James.

Very good, James!

Of course, at this rate, we might soon be typing from the ark . . . .

Resurrecting this thread, it seems there are a couple of things on the table that may affect the $ exchange rate next week:

1) Another Central Bank interest rate cut on Thursday (yeah, like that ever made a difference recently):

http://www.economiaynegocios.cl/noticia ... p?id=64164

2) The Central Bank finishing up its $50M daily auctions for the current $4bn stimulus package:

http://www.economiaynegocios.cl/noticia ... p?id=64171

Not sure how much medium-term impact these will have, but they could put a bit of downward pressure on the peso in the near future (yeah, like I have ever forecast it correctly).

Cheers,

James.

RWS wrote:Of course, at this rate, we might soon be typing from the ark . . . .

Good thing Charles has been seasoning those 2x3s from the Sodimac. Now we just need to dig up the satellite Internet thread.

James.