CLP information
About the Chilean Peso (CLP)
What Is the Chilean Peso (CLP)?
The Chilean Peso, denoted as CLP or symbolized as $ or CLP$, is the official currency of Chile. The current version of the peso has been in circulation since 1975, following the previous version which was used from 1817 to 1960. The peso is recognized by its ISO 4217 code, CLP, and was historically divided into 100 centavos, though this subdivision was formally eliminated in 1996. The Chilean Peso is the sole legal tender in Chile.
The Chilean Peso is issued by the Central Bank of Chile (Banco Central de Chile). The Central Bank is responsible for the country's monetary policy, including the issuance and regulation of the nation's currency. Established in 1925, the Banco Central de Chile plays a crucial role in maintaining the stability of the financial system and ensuring the smooth functioning of payment systems in Chile. Its responsibilities also extend to managing the country's foreign exchange reserves and implementing monetary policies to control inflation and foster economic growth.
What Is the History of CLP?
The first Chilean Peso was introduced in 1817, valued at 8 Spanish colonial reales. The peso underwent several transformations in its early years, including changes in its subdivision and pegging to foreign currencies like the French franc and the British pound sterling. In 1960, the peso was replaced by the escudo at a rate of 1 escudo = 1000 pesos, only to be reintroduced in its current form in 1975, replacing the escudo at a rate of 1 peso = 1000 escudos.
Notes and Coins of CLP
Chilean coinage has evolved over the years, with the introduction of various denominations in copper, silver, and gold. The current coin denominations include 1, 5, 10, 50, 100, and 500 pesos. Banknotes have also seen changes, with the current denominations being 1000, 2000, 5000, 10,000, and 20,000 pesos. Notably, Chile introduced polymer banknotes for certain denominations, enhancing security and durability.
Exchange Rate and Value
The value of the Chilean Peso against the US dollar has fluctuated over time. As of January 2024, the exchange rate was approximately CLP$888 to US$1. Chile's economy and the value of its currency have been impacted by several crises. Notably, during the economic crisis of 1982, the peso was devalued, leading to changes in exchange rate regimes. More recently, political and economic instability, coupled with high inflation rates, led to significant depreciation of the peso against the US dollar, reaching over 1000 pesos per dollar in 2022.
Is CLP Accepted for Transactions in Countries Other Than Chile?
Generally, the Chilean Peso (CLP) is not accepted for transactions in other countries. Currencies like the US Dollar, Euro, or British Pound are more commonly accepted outside their countries of origin due to their widespread recognition and stability. The Chilean Peso, like most national currencies, is primarily used within its own country, Chile.
In some border areas or tourist destinations near Chile, especially in neighboring countries like Argentina, Bolivia, and Peru, there might be limited acceptance of the Chilean Peso, but this is not the norm. Even in these cases, exchange rates offered might not be favorable.
Is CLP Pegged to USD?
The Chilean Peso (CLP) is not pegged to the United States Dollar (USD). Instead, it operates under a floating exchange rate system. In a floating exchange rate system, the value of the currency is determined by the foreign exchange market through supply and demand relative to other currencies. This means that the value of the CLP can fluctuate against the USD based on market conditions, economic factors, and monetary policy decisions made by the Central Bank of Chile.
HAKKA to CLP conversion rate trend
Conversion rate comparison of various exchanges
Exchange | Price | Maker / Taker Fee | Tradable |
---|---|---|---|
BitgetBest | $2.46 | 0.0200% / 0.0320%VIP 7 |
How to buy Hakka.Finance
Buy HAKKA (or USDT) for CLP (Chilean Peso) offers
Merchants (trades/completion rate) | Price | Amount/limit Low to high | Payment methods | Zero fees Action |
---|---|---|---|---|
M MICHELO_22 27 trades|Completion rate 96.00% | 1029 CLP | Amount77.37 USDT Limit24000 - 103853 CLP | ||
J JCsTrades 173 trades|Completion rate 100.00% | 1029 CLP | Amount443.63 USDT Limit24000 - 450000 CLP | ||
H HRORO78 261 trades|Completion rate 100.00% | 1030 CLP | Amount3782.42 USDT Limit24000 - 2000000 CLP | ||
l lll---ASAT0309---lll 13 trades|Completion rate 100.00% | 1099 CLP | Amount299.18 USDT Limit24000 - 363800 CLP | ||
W World_Crypto_____ 13 trades|Completion rate 100.00% | 1370.57 CLP | Amount1462.06 USDT Limit24000 - 1200000 CLP |
Sell HAKKA (or USDT) for CLP (Chilean Peso) offers
Merchants (trades/completion rate) | Price | Amount/limit High to low | Payment methods | Zero fees Action |
---|---|---|---|---|
F FURIA-69 27 trades|Completion rate 87.00% | 1010 CLP | Amount205 USDT Limit24000 - 207000 CLP | ||
H HRORO78 261 trades|Completion rate 100.00% | 1004 CLP | Amount6394.84 USDT Limit24000 - 3000000 CLP | ||
M MICHELO_22 27 trades|Completion rate 96.00% | 1003 CLP | Amount200 USDT Limit24000 - 197000 CLP | ||
J JCsTrades 173 trades|Completion rate 100.00% | 1000.02 CLP | Amount5000 USDT Limit24000 - 2000000 CLP | ||
F FioO 41 trades|Completion rate 100.00% | 1000 CLP | Amount99233.87 USDT Limit24000 - 24000000 CLP |
What factors influence the conversion rate of Hakka.Finance to Chilean Peso?
Hakka.Finance to Chilean Peso is rising this week.Conversion tables
The exchange rate of Hakka.Finance is decreasing.HAKKA to CLP
CLP to HAKKA
Today vs. 24 hours ago
Amount | 23:25 today | 24 hours ago | 24h change |
---|---|---|---|
0.5 HAKKA | $0.001227 | $0.001228 | -0.12% |
1 HAKKA | $0.002453 | $0.002457 | -0.12% |
5 HAKKA | $0.01227 | $0.01228 | -0.12% |
10 HAKKA | $0.02453 | $0.02457 | -0.12% |
50 HAKKA | $0.1227 | $0.1228 | -0.12% |
100 HAKKA | $0.2453 | $0.2457 | -0.12% |
500 HAKKA | $1.23 | $1.23 | -0.12% |
1000 HAKKA | $2.45 | $2.46 | -0.12% |
Today vs. 1 month ago
Amount | 23:25 today | 1 month ago | 1M change |
---|---|---|---|
0.5 HAKKA | $0.001227 | $0.001431 | -14.29% |
1 HAKKA | $0.002453 | $0.002863 | -14.29% |
5 HAKKA | $0.01227 | $0.01431 | -14.29% |
10 HAKKA | $0.02453 | $0.02863 | -14.29% |
50 HAKKA | $0.1227 | $0.1431 | -14.29% |
100 HAKKA | $0.2453 | $0.2863 | -14.29% |
500 HAKKA | $1.23 | $1.43 | -14.29% |
1000 HAKKA | $2.45 | $2.86 | -14.29% |
Today vs. 1 year ago
Amount | 23:25 today | 1 year ago | 1Y change |
---|---|---|---|
0.5 HAKKA | $0.001227 | $0.0006237 | +96.67% |
1 HAKKA | $0.002453 | $0.001247 | +96.67% |
5 HAKKA | $0.01227 | $0.006237 | +96.67% |
10 HAKKA | $0.02453 | $0.01247 | +96.67% |
50 HAKKA | $0.1227 | $0.06237 | +96.67% |
100 HAKKA | $0.2453 | $0.1247 | +96.67% |
500 HAKKA | $1.23 | $0.6237 | +96.67% |
1000 HAKKA | $2.45 | $1.25 | +96.67% |
Hakka.Finance price prediction
What will the price of HAKKA be in 2026?
What will the price of HAKKA be in 2031?
Other crypto price predictions
Convert popular cryptocurrencies
Bitget Earn
Purchase other cryptocurrencies with similar market cap
Popular Hakka.Finance conversions
Popular cryptocurrencies to CLP
Discover more cryptocurrencies
Latest coin listings on Bitget
FAQ
What is a cryptocurrency calculator?
How does a cryptocurrency calculator work?
How accurate is a cryptocurrency calculator?
Can I trust the results of a cryptocurrency calculator?
Can I use a cryptocurrency calculator for tax purposes?
Can a cryptocurrency calculator be used to convert one type of cryptocurrency to another?
Buy Hakka.Finance for 1 CLP
A welcome pack worth 6200 USDT for new Bitgetters!