Chilean Peso

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Chilean Peso

The currency of Chile. It was introduced in 1975, replacing the Chilean escudo. It has historically been subject to high inflation. See also: Unidad de Fomento.

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The findings show that although there is evidence that the bilateral exchange rates of Mexican and Chilean pesos and the dollar are related with interest rate differentials of these economies and the U.S., the relationships are not strictly consistent with the uncovered interest parity theory.

Emerging markets and uncovered interest rate parity

Through its MetLife Chile Acquisition Co SA unit, the US insurer launched in August a tender offer to buy the Provida shares in the US and Chile for USD6.1476 (EUR4.55) for each common share and USD92.2140 per each American Depositary Share (ADS) in cash, either in US dollars or Chilean pesos, as the vendors choose, it has said.