$, or CLP$
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Chilean peso users
The Chilean peso is the currency of Chile (officially the Republic of Chile) which locates southwest of South America.
Chile started its struggle for its independence from Spain since the establishment of First Government Junta on September 18, 1810 and finally declared independence on February 12, 1818.
Chile is a member of the Union of South American Nations (briefed as UZAN or UNASUL or UNASUR according to various languages) which is an intergovernmental union and was established on December 8, 2004, consisting of twelve members and 2 observers (Mexico and Panama). The Union of South American Nations expects to model the European Union and introduce a common currency, possibly by 2019.
| "UNASUR" | Currency name | Code | 1USD= | 1EUR= | 1GBP= |
|---|---|---|---|---|---|
| Argentina | Argentine peso | ARS | 5.00599 | 6.68764 | 7.75558 |
| Bolivia | Venezuelan bolívar fuerte | BOB | 6.90964 | 9.23015 | 10.7047 |
| Brazil | Brazilian real | BRL | 1.95928 | 2.61746 | 3.03543 |
| Chile | Chilean peso | CLP | 470.738 | 628.85 | 729.321 |
| Colombia | Colombian peso | COP | 1783.29 | 2382.35 | 2762.9 |
| Ecuador | United States dollar | USD | 1.00000 | 1.33592 | 1.54932 |
| Guyana | Guyanese dollar | GYD | 203.948 | 272.451 | 315.98 |
| Paraguay | Paraguayan guaraní | PYG | 4089.31 | 5462.93 | 6335.42 |
| Peru | Peruvian nuevo sol | PEN | 2.56899 | 3.43197 | 3.98019 |
| Suriname | Suriname dollar | SRD | 3.28713 | 4.39199 | 5.09252 |
| Uruguay | Uruguayan peso | UYU | 19.0398 | 25.4355 | 29.4978 |
| Venezuela | Venezuelan bolivar | VEF | 6.29375 | 8.40786 | 9.75069 |
| Panama <2> | Panamanian balboa | PAB | 1.00000 | 1.33592 | 1.54932 |
| Mexico <2> | Mexican peso | MXN | 12.6915 | 16.9561 | 10.6619 |
Notes:
<1>. The group expects to model the EU with a common currency by 2019.
<2>. Mexico and Panama are observers of the Union of South American Nations.
Chilean peso history
The Chilean peso was introduced on September 29, 1975 and replaced the Chilean escudo (CLE) at a rate of 1 CLP =1000 CLE.
The Chilean escudo was used by Chile from 1960 to 1975 and replaced the previous peso (existed from 1817 to 1960) at a rate of 1 escudo =1000 pesos. The first peso was issued in 1817. Before that, the Spanish reals were used.
| Currency name | Code | Introduced since | (Being) used until | Subunit or Superunit | Notes |
|---|---|---|---|---|---|
| Chilean Peso (second) | CLP | 1975 | present | 1/100, centavos (until 1984) | Chilean peso replaced the Chilean escudo at a rate of 1 CLP= 1000 CLE. |
| Chilean escudo | CLE | 1960 | 1975 | 1 escudo=100 centésimos | Chilean escudo replaced the first peso (existed from 1817 to 1960) at a rate of 1 escudo = 1000 pesos. |
| Chilean peso (first) | / | 1817 | 1960 | <See below> | <See below details in different period. > |
| 1817 | 1851 | 1 peso =8 reals | Gold escudo was issued from 1817 to 1851 worth 16 reales or 2 pesos. Until 1851, the real and gold escudo denominations ceased to be issued. | ||
| 1851 | 1885 | 1 décimos=10 centavos | Peso was pegged with French francs at 1 peso equaled to 5 French francs on the silver standard of 22.5 g pure silver. Gold coins were set differently at 1 peso =1.37 grams gold ( 5 francs equalled 1.45 g gold.). | ||
| 1885 | 1925 | 1 décimos=10 centavos | Since 1885, Peso was pegged with British pound at 1 pound = 13.5 pesos (1 peso= 1 shilling 6 pence) but reduced to 1 pound =40 pesos (1 peso =6 pence) in 1926. | ||
| 1925 | 1932 | 1 cóndores= 10 pesos | Since 1925, coins and banknotes were denominated in cóndores woth 10 pesos. The gold standard was suspended in 1932 and peso's value kept on falling lower since then. | ||
| Spanish colonial reales | / | around 1541 | 1817 | 1 peso =8 reals | Before 1817, the Spanish colonial reales circulated in Chile. |
Chilean peso coins and banknotes
The Chilean peso is subdivided into 100 centavos but there has been discontinued in circulation since 1984.
Currently in circulation coins are in denominations of 1, 5, 10, 50, 100, 500 pesos, and banknotes are in denominations of 1000, 2000, 5000, 10,000, 20,000 pesos.
Chilean peso and the currency of peso
Peso was originally the name of Spanish dollar (also known as the piece of eight or the eight-real coin) which was issued by Spain and minted in the Spanish Empire. Hence, Peso has been a monetary unit used by many countries which were former Spanish colonies.
| Countries | Official country name | Currency name | Currency code | Location- Continent | 1 USD= | Independence from Spain |
|---|---|---|---|---|---|---|
| Argentina | Argentine Republic | Argentine peso | ARS | South America | 4.99699 | 1.Declared, 9 July 1816 2.Current federal constitution, 1 May 1853 |
| Chile | Republic of Chile | Chilean peso | CLP | South America | 472.248 | 1.Declared, 12 Feb.1818 2.Recognized, 25 April 1844 3.Current constitution, 11 Sep.1980 |
| Colombia | Republic of Colombia | Colombian peso | COP | South America | 1784.180 | 1.Declared, 20 July 1810 2.Recognized, 7 August 18193c.Current constitution, 4 July 1991 |
| Cuba | Republic of Cuba | Cuban peso | CUP | North America | 26.500 | 1.Declared, Oct.10 1868 from Spain 2.Republic declared, May 20,1902 from the U.S. 3.Cuban Revolution, Jan.1, 1959 |
| Dominican Republic | Republic of Cuba | Dominican peso | DOP | North America | 40.7299 | 1.from Spain, Dec.1, 1821 2.from Haiti, Feb.27,1844 3.from Spain, Aug.16, 1865 |
| Mexico | United Mexican States | Mexican peso | MXN | North America | 12.6875 | 1.Declared, Sep.16,1810 2.Recognized, Sep.27,1821 |
| Philippines | Republic of the Philippines | Philippine peso | PHP | Asia | 40.7299 | 1.Established, April 27,1565 2.Declared, June 12, 1898 3.Self-government, March 24,1934 4.Recognized, July 4,1946 5.Current constitution, Feb.2,1987 |
| Uruguay | Oriental Republic of Uruguay | Uruguayan peso | UYU | South America | 18.9999 | Independence from the Empire of Brazil 1.Declaration, 25 August 1825 2.Recognition, 28 Aug. 1825 3.Constitution, 18 July 1830 |
| Countries | Official country name | Currency name | Currency code | Location- Continent | 1 USD= | Independence from Spain |
|---|---|---|---|---|---|---|
| Bolivia | Plurinational State of Bolivia | Bolivian boliviano | BOB | South America | 6.90963 | 1.Declared, 6 August 1825 2.Recognized, 21 July 1847 3.Current constitution, 7 Feb.2009 |
| Costa Rica | Republic of Costa Rica | Costa Rican colón | CRC | Central America | 500.560 | 1.from Spain, Sep.15,1821 2.Recognizednby Spain, May 10,1850 3.Constitution, Nov.7,1949 |
| Ecuador | Republic of Ecuador | United States dollar | USD | South America | 1.000 | 1.Declared, Aug.10, 1809 2.from Spain, May 24,1822 3.Recognized, Feb.16,1830 |
| Equatorial Guinea | Republic of Equatorial Guinea | Central African CFA franc | XAF | Africa | 487.639 | from Spain, 12 Oct.1968 |
| EI Salvador | Republic of El Salvador | United States dollar | USD | North America | 1.000 | 1.from Spain, Sep.15,1821 2.Recognized by Spain, June 24,1865 3.from the Greater Republic of Central America, 1898 |
| Guatemala | Republic of Guatemala | Guatemalan quetzal | GTQ | North America | 7.8445 | 1.Declared, 15 Sep.1821 2.Restored, 1 July 1823 3.Current constitution, 31 May 1985 |
| Guinea-Bissau | Republic of Guinea-Bissau | West African CFA franc | XOF | Africa | 487.641 | Independence from Portugal 1.Declared, 24 Sep.1973 2.Recognized, 10 Sep.1974 |
| Honduras | Republic of Honduras | Honduran lempira | HNL | North America | 19.920 | 1.Declared, 15 Sep.1821 2.Declared 5 Nov.1838 as Honduras |
| Nicaragua | Republic of Nicaragua | Nicaraguan córdoba | NIO | North America | 24.285 | 1.Declared, 15 Sep.1821 2.Current constitution, 9 Jan.1987 |
| Paraguay | Republic of Paraguay | Paraguayan guaraní | PYG | South America | 4114.51 | 1.Declared, 14 May 1811 2.Recognized, 15 May 1811 |
| Peru | Republic of Peru | Peruvian nuevo sol | PEN | South America | 2.58399 | 1.Declared, July 28,1821 2.Recognized, 14 August 1879 3.Current constitution, 31 Dec.1993 |
| Venezuela | Bolivarian Republic of Venezuela | Venezuelan bolívar | VEF | South America | 4.300 | 1.from Spain, 5 July 1811 2.Recognized, 30 March 1845 3.Current Constitution, 20 Dec.1999 |
| Spain | Kingdom of Spain | the Euro | EUR | Europe | 1.34509 | Current Constitutional democracy, 1978 |