Tag: Chilean Peso

• Thursday, February 10th 2011 - 00:54 UTC

  Chile extends foreign exchange market intervention program to tame strong peso

  

  The Chilean central bank announced Tuesday it would maintain the pace of a 12 billion US dollars foreign exchange intervention to tame the strong peso between Feb. 9 and March 8, and continue to buy 50 million of US currency daily.

• Thursday, January 6th 2011 - 20:16 UTC

  Chile’s measures to weaken the Peso are working in the short term

  

  Chile's peso was operating Thursday at 495 to the US dollar after depreciating around 6% in two sessions on a 12 billion US dollars central bank intervention program announced this week.

• Thursday, January 6th 2011 - 12:05 UTC

  Record prices for copper plummet the US dollar to new lows against Chilean Peso

  

  The US dollar ended 2010 at a record low vis-à-vis the Chilean peso which has soared on the strong global demand for copper, the country’s main export. On Friday December 31st the US dollar was operating at 467.30 and 467.80 in Santiago’s money markets, which is the lowest since May 19, 3008 with 467.40.