Editing Chilean peso (section)

==Value of the peso against the United States dollar==
[[File:Chilean pesos per US dollar.png|upright=1.35|thumb|Current Chilean pesos per United States dollar (1975–2011). Note: The chart shows averages for the year. as well as monthly averages from 1984 onwards.]]

{| class="wikitable" style="float: left; margin-right: 1.5em"
|+ Average value of US$1<ref>{{cite web |title=Banco Central de Chile - Tipos de Cambio |url=https://si3.bcentral.cl/Siete/ES/Siete/Cuadro/CAP_TIPO_CAMBIO/MN_TIPO_CAMBIO4/DOLAR_OBS_ADO |access-date= |work=Banco Central de Chile}}</ref>
!Date
!Chilean pesos
|-
|June 2024 || style="text-align:right;" | 927
|-
|May 2024 || style="text-align:right;" | 918
|-
|April 2024 || style="text-align:right;" | 961
|-
|March 2024 || style="text-align:right;" | 968
|-
|February 2024 || style="text-align:right;" | 964
|-
|January 2024 || style="text-align:right;" | 908
|-
|'''6-month average''' || style="text-align:right;" | '''941'''
|-
|2023 || style="text-align:right;" | 840
|-
|2022 || style="text-align:right;" | 874
|-
| 2021 || style="text-align:right;" | 760
|-
| 2020 || style="text-align:right;" | 793
|-
| 2019 || style="text-align:right;"| 703
|-
| 2018 || style="text-align:right;"| 641
|-
| 2017 || style="text-align:right;"| 650
|-
| 2016 || style="text-align:right;"| 677
|-
| 2015 || style="text-align:right;"| 655
|-
| 2010 || style="text-align:right;"| 511
|-
| 2005 || style="text-align:right;"| 560
|-
| 2000 || style="text-align:right;"| 539
|-
| 1995 || style="text-align:right;"| 397
|-
| 1990 || style="text-align:right;"| 305
|-
| 1985 || style="text-align:right;"| 161
|}

Between 1974 and 1979, the Chilean peso was allowed to float within a [[Exchange-rate regime#Pegged float|crawling band]].<ref name="toso">{{cite web|url=http://www.bcentral.cl/estudios/estudios-economicos/pdf/serieestudios19.pdf|title=El tipo de cambio fijo en Chile: la experiencia en el período 1979–1982|author=Roberto Toso C.|date=April 1983|work=Serie de Estudios Económicos|publisher=[[Central Bank of Chile]]|language=Spanish|access-date=13 July 2012|archive-url=https://web.archive.org/web/20070613093451/http://www.bcentral.cl/estudios/estudios-economicos/pdf/serieestudios19.pdf|archive-date=13 June 2007|url-status=dead}}</ref> From June 1979 to 1982 the peso was pegged to the United States dollar at a fixed exchange rate.<ref>{{cite web|url=http://www.bcentral.cl/estudios/documentos-politica-economica/pdf/dpe14.pdf|title=Tipo de Cambio Flexible con Metas de Inflación en Chile: Experiencia y Temas de Interés|author1=José de Gregorio R.|author2=Andrea Tokman R.|author3=Rodrigo Valdés|date=August 2005|work=Documentos de Política Económica Nº 14 – Agosto 2005|publisher=[[Central Bank of Chile]]|language=Spanish|access-date=13 July 2012|archive-url=https://web.archive.org/web/20130512161446/http://www.bcentral.cl/estudios/documentos-politica-economica/pdf/dpe14.pdf|archive-date=12 May 2013|url-status=dead}}</ref> In June 1982, during [[Crisis of 1982|that year's economic crisis]], the peso was devalued and different exchange rate regimes were used.<ref name="toso"/><ref name="morande">{{cite web|url=http://www.bcentral.cl/estudios/revista-economia/2002/diciembre2002/67_94.pdf|title=Política cambiaria en Chile: El abandono de la banda y la experiencia de flotación|author1=Felipe Morandé L.|author2=Matías Tapia G.|date=December 2002|work=Economía Chilena Volumen 5 – Nº 3 / diciembre 2002|publisher=[[Central Bank of Chile]]|language=Spanish|access-date=13 July 2012|archive-url=https://web.archive.org/web/20070621174019/http://www.bcentral.cl/estudios/revista-economia/2002/diciembre2002/67_94.pdf|archive-date=21 June 2007|url-status=dead}}</ref> In August 1984 the peso returned to a system of crawling bands, which were periodically adjusted to reflect differences between external and internal inflation.<ref name="morande"/>

Starting in September 1999, the Chilean peso was allowed to float freely against the United States dollar for the first time. Chile's [[Central Bank of Chile|Central Bank]], however, reserved the right to intervene, which it did on two occasions to counter excessive depreciation: the first, in August and September 2001, coincided with [[Argentina]]'s [[Argentine economic crisis (1999–2002)|convertibility crisis]] and with the [[September 11 attacks]] in the United States. The second, in October 2002, was during [[Brazil]]'s [[Brazilian general election, 2002|presidential election]].<ref>{{cite web|url=http://www.bcentral.cl/estudios/revista-economia/2005/dic/Vol8N3dic2005pp29_54.pdf|title=El 'miedo a flotar' y la política cambiaria en Chile|author1=José de Gregorio R.|author2=Andrea Tokman R.|date=December 2005|work=Economía Chilena Volumen 8 – Nº 3 / diciembre 2005|publisher=[[Central Bank of Chile]]|language=Spanish|access-date=13 July 2012|archive-url=https://web.archive.org/web/20130512174712/http://www.bcentral.cl/estudios/revista-economia/2005/dic/Vol8N3dic2005pp29_54.pdf|archive-date=12 May 2013|url-status=dead|df=dmy-all}}</ref>

During the first months of the Presidency of [[Gabriel Boric]], the US dollar began to have a strong appreciation against the Chilean peso, among the reasons was the very strong drop in the raw material of Copper, in addition to political and economic instability due to the rise of the cost of living reaching its highest level in 20 years of 2-digit inflation of 14.1%, also due to uncertainty about the arrival of the [[2022 Chilean constitutional referendum]] that would take place a few months later between approval and rejection and the discouraging economic figures in China led the dollar to exceed the figure of 1000 pesos for the first time in its history, reaching a price of more than 1050 pesos per dollar; after that, the Central Bank of Chile carried out its largest exchange intervention in the market, intervening on Thursday, July 14, 2022, for an amount of up to US$25,000 million starting on Monday, July 18, 2022 and until September 30. of 2022.<ref>{{Cite web |title=Consejo del Banco Central de Chile anuncia programa de intervención cambiaria y provisión preventiva de liquidez en dólares |publisher=Banco Central de Chile |url=https://www.bcentral.cl/es/web/banco-central/contenido/-/details/comunicado-14072022 |access-date=2023-08-31 |language=es-CL}}</ref>

During 2023, the dollar has had a strong devaluation that was quoted at approximately 780 Pesos per dollar. On Friday, July 28, 2023, the Central Bank of Chile announced the strongest drop since 2009 in the monetary policy rate with a drop substantial 100 basic points from 11.25% to 10.25%, which led the dollar to have a strong rise as there began to be greater access to loans and as time deposits were not profitable, they led to reaching 860 pesos per dollar.<ref>{{Cite web |last1=Financiero |first1=Diario |last2=Vergara |first2=S. Valdenegro y C. |title=Comienza el nuevo ciclo: Banco Central sorprende con una baja de la tasa de interés de 100 puntos, la mayor desde 2009 |website=Diario Financiero |url=https://www.df.cl/economia-y-politica/macro/comienza-el-nuevo-ciclo-banco-central-sorprende-con-una-baja-de-la-tasa |access-date=2023-08-31 |language=es}}</ref>{{Clear}}

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