What's worse?
A)The vandals and criminals physical destruction of infrastructure and businesses and more importantantly psychological destruction of the country.
B)The government ineptness, incompetence, aloftness, (or whatever disparaging adjective you want to use, theres a lot), at handling this whole situation in the last 40 days.
"El alza del dólar se debería en gran medida a la incertidumbre que se sigue observando en Chile y los actos de violencia que se mantienen, sin una acción decidida por parte de Gobierno y actores políticos para frenar esta situación.
Pesos and Protests
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Moderation of this forum will be very strict compared to other sections of the Chile Forum. “Spamming”, “Trolling”, promotion of “fake news”, “conspiracy theories” or otherwise interfering with the dissemination of accurate information in this dedicated “Crisis Forum” will result in deletion of posts, and repeat offenders will have their accounts banned.
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41southchile
- Rank: Chile Forum Citizen
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Re: Pesos and Protests
Ignorance more frequently begets confidence than does knowledge: it is those who know little, not those who know much, who so positively assert that this or that problem will never be solved by science. - Darwin
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41southchile
- Rank: Chile Forum Citizen
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Re: Pesos and Protests
Any bets on 1000 pesos ? Its starting to run away again. 830
Ignorance more frequently begets confidence than does knowledge: it is those who know little, not those who know much, who so positively assert that this or that problem will never be solved by science. - Darwin
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tiagoabner
- Rank: Chile Forum Citizen
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Re: Pesos and Protests
It may hit 1000 if there are major developments (say, the protestors burn a major government office or destroy some major infrastructure), but I don't think we'll hit 1000 by the end of the year otherwise.
I'm NOT your lawyer, accountant or financial planner. All information at this post should be considered for your entertainment only. Consult a professional before making a decision regarding whatever topic was mentioned in this post.
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Britkid
- Rank: Chile Forum Citizen
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Re: Pesos and Protests
I just looked on Transferwise and the fixed rate it offered me for the pound was 1079.79 which this time was, I think unlike the previous time, closer to the current xe.com rate of 1080 than the current oanda rate of about 1040.
Re: Pesos and Protests
829.468 to the dollar via xe.com now.
central bank is going to need to step up. I guess if you are feeling lucky, you could play the arbitrage on this.
central bank is going to need to step up. I guess if you are feeling lucky, you could play the arbitrage on this.
Spencer Global Chile: Legal, relocation, and Investment assistance in Chile.
For more information visit: https://www.spencerglobal.com
From USA and outside Chile dial 1-917-727-5985 (U.S.), in Chile dial 65 2 42 1024 or by cell 747 97974.
For more information visit: https://www.spencerglobal.com
From USA and outside Chile dial 1-917-727-5985 (U.S.), in Chile dial 65 2 42 1024 or by cell 747 97974.
Re: Pesos and Protests
yea, as tempting as this is to sell dollars right now, I find myself hanging on to my dollars a lot longer. paying peso bills with peso income, and leaving any dollars in dollar accounts that i normally would sell once or twice a month.
If I found the right investment I might sell dollars to invest in something, but like I am not going to put them in to pesos just for them to sit in pesos in the bank. land, stock, something that will have a return.
If I am doing it, I bet a lot of the big exporters are doing the same right now.
If I found the right investment I might sell dollars to invest in something, but like I am not going to put them in to pesos just for them to sit in pesos in the bank. land, stock, something that will have a return.
If I am doing it, I bet a lot of the big exporters are doing the same right now.
Spencer Global Chile: Legal, relocation, and Investment assistance in Chile.
For more information visit: https://www.spencerglobal.com
From USA and outside Chile dial 1-917-727-5985 (U.S.), in Chile dial 65 2 42 1024 or by cell 747 97974.
For more information visit: https://www.spencerglobal.com
From USA and outside Chile dial 1-917-727-5985 (U.S.), in Chile dial 65 2 42 1024 or by cell 747 97974.
Re: Pesos and Protests
woops, too late.
central bank stepped in with 20 billion dollar sale after close.
https://www.emol.com/noticias/Economia/ ... 0-mil.html
central bank stepped in with 20 billion dollar sale after close.
https://www.emol.com/noticias/Economia/ ... 0-mil.html
Spencer Global Chile: Legal, relocation, and Investment assistance in Chile.
For more information visit: https://www.spencerglobal.com
From USA and outside Chile dial 1-917-727-5985 (U.S.), in Chile dial 65 2 42 1024 or by cell 747 97974.
For more information visit: https://www.spencerglobal.com
From USA and outside Chile dial 1-917-727-5985 (U.S.), in Chile dial 65 2 42 1024 or by cell 747 97974.
Re: Pesos and Protests
Spencer Global Chile: Legal, relocation, and Investment assistance in Chile.
For more information visit: https://www.spencerglobal.com
From USA and outside Chile dial 1-917-727-5985 (U.S.), in Chile dial 65 2 42 1024 or by cell 747 97974.
For more information visit: https://www.spencerglobal.com
From USA and outside Chile dial 1-917-727-5985 (U.S.), in Chile dial 65 2 42 1024 or by cell 747 97974.
Re: Pesos and Protests
829 to 805
Only cost a paltry 20 billion USD
Only cost a paltry 20 billion USD
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Zenth
- Rank: Chile Forum Citizen
- Posts: 515
- Joined: Sun Feb 08, 2009 7:16 pm
- Location: Austin, Texas Formerly NYC, NY
Re: Pesos and Protests
If the peso continues to sink, does the Central Bank have more reserves?
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eeuunikkeiexpat
- Rank: Chile Forum Citizen
- Posts: 7903
- Joined: Fri Sep 01, 2006 1:38 am
- Location: Megalith of unknown origin near my digs, south V Region coast
Re: Pesos and Protests
Chile will be fucked if it has to eventually turn to the I M F .
There are two ways to be fooled.
One is to believe what isn't true;
the other is to refuse to believe what is true.
- Søren Kierkegaard
One is to believe what isn't true;
the other is to refuse to believe what is true.
- Søren Kierkegaard
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tiagoabner
- Rank: Chile Forum Citizen
- Posts: 691
- Joined: Sat Mar 04, 2017 9:48 am
Re: Pesos and Protests
Actually, today they've just announced that they'll be intervening in the market. They'll begin to sell dollars on Monday, December 2nd, until May 2020. There USD $20 billion are going to be sold throughout this period.admin wrote: ↑Thu Nov 28, 2019 8:05 pmseems 805 after the intervention.
https://www.df.cl/noticias/mercados/mer ... 90817.html
Source: https://www.biobiochile.cl/noticias/eco ... ario.shtml
I'm NOT your lawyer, accountant or financial planner. All information at this post should be considered for your entertainment only. Consult a professional before making a decision regarding whatever topic was mentioned in this post.
