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723 chilean pesos to the dollar

Posted: Mon Aug 05, 2019 11:33 am
by admin
yep, thank Chump.

723.075

Re: 723 chilean pesos to the dollar

Posted: Mon Aug 05, 2019 11:37 am
by 41southchile
Copper falling like a stone. Chile lucky to see a growth rate of 2 percent this year some are saying

Re: 723 chilean pesos to the dollar

Posted: Mon Aug 05, 2019 11:41 am
by admin
yea, I would be pretty surprised if this is not the last nail in the coffin for a Global recession; and, Trump owns this one, as they say in red neck country, lock, stock, and barrel.

Re: 723 chilean pesos to the dollar

Posted: Mon Aug 05, 2019 11:42 am
by 41southchile
Is there some magic trick going to come out from under that mop head up north that he is working on ? or is he going to drive the world along with his country into the gutter like he did his casinos and other businesses , this time Daddy can't save him.

Re: 723 chilean pesos to the dollar

Posted: Mon Aug 05, 2019 2:08 pm
by AnciaVagar
Chile has much bigger problems than Trump, re: "resources curse" and the "Dutch disease."

Re: 723 chilean pesos to the dollar

Posted: Mon Aug 05, 2019 2:52 pm
by Britkid
Copper price declined a bit in the last day and week, so peso weakened.

Copper price at its lowest for 2-3 years today, pesos at its weakest for 2-3 years today.

Same story as usual...

Re: 723 chilean pesos to the dollar

Posted: Mon Aug 05, 2019 6:31 pm
by nwdiver
Canadian dollar hasn't moved against the USD but CP in free fall against the CD....

Re: 723 chilean pesos to the dollar

Posted: Wed Aug 07, 2019 1:05 pm
by admin
719 today.

the news is talking about the i inflationary spike this likely to cause for everything imported (gas, technology, etc). chile already had spooky low inflation going on.

on the other hand, I seen a chart the other day that ranked chile as one of the top beneficiaries of the trade war, outside of asian countries like Vietnam, etc. was not clear how they reached that conclusion.

It should at least goose some of the exporters.

I am still not buying the copper panic in the market. yea a slowdown in china is not good, but china is still importing more copper than last year, the year before that, etc.

no copper, no development; and about half the world still has no electricity or running water in their home. Think this is just a market over reaction.

Re: 723 chilean pesos to the dollar

Posted: Wed Aug 07, 2019 2:34 pm
by fraggle092
Odd how the electricity tariff increases seem to be directly tied to the USD-CLP value, considering that around half of Chile's electricity comes from internal sources, hence not tied to international energy costs. The increased cost of LPG imported from Malaysia I can understand affecting tariffs, but not local Hydro power. So much for the cheaper electricity promised a couple of years ago.

But the government doesn't care because it will get 19% of the increased energy costs in the form of IVA.

Re: 723 chilean pesos to the dollar

Posted: Wed Aug 07, 2019 4:17 pm
by at46
fraggle092 wrote:
Wed Aug 07, 2019 2:34 pm
Odd how the electricity tariff increases seem to be directly tied to the USD-CLP value, considering that around half of Chile's electricity comes from internal sources, hence not tied to international energy costs. The increased cost of LPG imported from Malaysia I can understand affecting tariffs, but not local Hydro power. So much for the cheaper electricity promised a couple of years ago.

But the government doesn't care because it will get 19% of the increased energy costs in the form of IVA.
The Chilean electricity sector is owned by foreigners - Spanish, US and French. Maybe (just maybe) that has something to do with it. https://en.wikipedia.org/wiki/Electrici ... r_in_Chile

Re: 723 chilean pesos to the dollar

Posted: Wed Aug 07, 2019 7:56 pm
by admin
yea, as I understand the contract prices get reset every 5 years.