Closing value of the euro in Chile this November 8 from EUR to CLP

He euro was paid at closing to 966.80 Chilean pesos on averagewhich represented a change of 2.05% when compared to the value of the previous day, when it was quoted at 947.36 Chilean pesos on average.

In reference to the profitability of the last week, the euro records an increase in 2.44% and for a year it still maintains an increase in 4.67%.

If we compare the figure with past days, it added three consecutive dates of increase. The volatility of the last seven days presented a behavior slightly higher than the volatility reflected in the figures of the last year, which shows that it presents greater changes than the general trend of the value.

He Chilean peso It has been the legal currency of Chile since 1975, it resumes the use of the peso sign ($) and is regulated by the Central Bank of Chile, which controls the amount of money in circulation.

The Chilean currency was established in 1817 after the country's independence, but it was not until 1851 that the decimal system was established in the Chilean peso, which is now made up of 100 centavos. As time has passed, the currency has changed, but Currently it is counted in whole pesos.

To date you can find coins of 5, 10, 50, 100 and 500 pesos, the latter was the first bimetallic coin produced in the country. In 2009, an attempt was made to make 20 and 200 peso coins, but the project was repudiated by Congress. Meanwhile, in 2017 it was approved to stop issuing 1 and 5 peso coins.

Likewise, in October 2018 the Chilean Central Bank announced that it would begin the withdrawal from circulation of 100 peso coinsmanufactured between 1981 and 2000, in order to reduce their coexistence with current coins, although they are still valid.

Regarding economic matters, Chile had a strong fiscal response in 2021, which allowed it to grow up to 11.7%, being one of the fastest recoveries in the world after the coronavirus pandemic. This situation is explained by consumption driven by the withdrawal of pension funds and direct fiscal support.

Despite this, recovery in the labor market has been slower and inflation has also affected Chile fueled by strong pressures on demand, increases in raw material prices, interruptions in supplies and the depreciation of the peso, which ultimately led to having the highest public debt in three decades ( 37%).

By 2022, the growth of the Gross Domestic Product (GDP) slowed down and this trend could continue according to the latest forecast from the Economic Commission for Latin America and the Caribbean (ECLAC), which has said that by 2023 that this South American nation will decrease 0.9 percent.