Chile Forum

This article is expecting 550 to 560 later in the year:
http://www.reuters.com/article/usDollar ... 0220090625

I don't think their end goal is to strengthen the peso, this is a by-product of buying back pesos with the dollars they had saved abroad.

Woohoo, back up over 540 - - hope it stays there or higher for the weekend so I can take up some pesitos.

http://www.economiaynegocios.cl/noticia ... p?id=64835

Here are some investor snippets on how carry trade is propping up the exchange rate recently:

http://www.economiaynegocios.cl/noticia ... p?id=67063

James.

xe.com shows the CLP at 531 for one USD.
Temporary move or a trend?

Trend.

We are going through our yearly bounce off the bottom, or at least what has been for the last few years. The Central bank also limited the currency hedges that AFP's can hold, so they were forced to buy more dollars. Personally I think the 500 to 550 range is a good comfort space right now for the Chilean economy.

I dunno if its XE or what but 30min ago it said 530 and change, thenjust no it said 517. Then i refreshed and it says 522..

crazy.

I see it at 531.850 now at Noon Chile time.

Usually I refresh xe.com until I see a number I like. Doesn't change how much pesos actually cost me but I feel better