Chilean Peso, September 2019

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Chilean Peso, September 2019

Post by admin » Mon Sep 30, 2019 9:09 pm

well, time to revisit everyone's favorite topic, money. :lol:

finance minster drew a line in the sand for currency intervention at about 740 earlier this month.

https://mobile.reuters.com/article/amp/idUSL2N25U10A

today we are at 728.59

we have a prediction however that chilean peso would be the second biggest gainer from a trade war resolution.

https://www.df.cl/noticias/mercados/div ... 63223.html

I have the sneaky suspicion though as the summer gets going, that is not going to hold.
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Re: Chilean Peso, September 2019

Post by admin » Tue Oct 01, 2019 10:11 am

3.7% growth, lets see how that smacks down the dollar in chile.

https://www.df.cl/noticias/economia-y-p ... 81358.html
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mem
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Re: Chilean Peso, September 2019

Post by mem » Tue Oct 01, 2019 10:44 am

admin wrote:
Mon Sep 30, 2019 9:09 pm
well, time to revisit everyone's favorite topic, money. :lol:

finance minster drew a line in the sand for currency intervention at about 740 earlier this month.

https://mobile.reuters.com/article/amp/idUSL2N25U10A

today we are at 728.59

we have a prediction however that chilean peso would be the second biggest gainer from a trade war resolution.

https://www.df.cl/noticias/mercados/div ... 63223.html

I have the sneaky suspicion though as the summer gets going, that is not going to hold.
What exactly would/could they do in the case of 740+?

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Re: Chilean Peso, September 2019

Post by admin » Tue Oct 01, 2019 11:17 am

can not recall exactly how they did it last time, but some years ago i think they stepped in with dollar reserves to stop the peso.

I actually dont think a 740 peso is all that bad given the global attempts to devalue in the face of the strong dollar / trade war.
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41southchile
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Re: Chilean Peso, September 2019

Post by 41southchile » Tue Oct 01, 2019 12:33 pm

admin wrote:
Tue Oct 01, 2019 10:11 am
3.7% growth, lets see how that smacks down the dollar in chile.

https://www.df.cl/noticias/economia-y-p ... 81358.html
Still nudging 730
I can't decide for you. You'll have to make up your own mind.

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tiagoabner
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Re: Chilean Peso, September 2019

Post by tiagoabner » Tue Oct 01, 2019 1:08 pm

As someone who gets paid in dollars, I'm enjoying the good exchange rate while I can.
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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Re: Chilean Peso, September 2019

Post by admin » Tue Oct 01, 2019 5:09 pm

here is that bloomberg article in english:
https://www.bloomberg.com/news/articles ... trade-deal

they make it sound like the peso is pegged to the RMB.
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Re: Chilean Peso, September 2019

Post by admin » Tue Oct 01, 2019 5:13 pm

tiagoabner wrote:
Tue Oct 01, 2019 1:08 pm
As someone who gets paid in dollars, I'm enjoying the good exchange rate while I can.
yea, i am o.k. with it too. My inbox is on fire, as everyone that has been thinking about doing something in chile is suddenly on the move. We are fundementally an exporter of services, as most of our clients are foriegners.
Spencer Global Chile: Legal, relocation, and Investment assistance in Chile.
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Re: Chilean Peso, September 2019

Post by admin » Tue Oct 01, 2019 5:41 pm

then we got the u.s., ism manufacturing index crashing to 2009 levels:

https://www.bloomberg.com/news/articles ... -nose-dive
Spencer Global Chile: Legal, relocation, and Investment assistance in Chile.
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