The dollar had been stabilizing lower in the $800 range for the past several weeks as inflation eased in the United States. However, the situation changed after the Federal Reserve increased its rate and this had repercussions in Chile. Another new stage of upward trend began in the local market.
Before this, the tonic was the high price of the dollar. So much so that in July the US currency reached a historic price of more than $1,000. The Central Bank had to intervene in the exchange market, trying to appease the contingency.
Variations in the value of the dollar have an impact on the economic situation of the country. Goods and products come from abroad and if the exchange rate is rising, costs increase. This situation can also affect the increase in inflation, which today is one of the great problems of the economy.
What is the value of the dollar today, Friday December 23?
According to information released by the Banco Central, the price of the dollar observed in Chile today, Friday December 23, amounts to $867,01. Meanwhile, yesterday, Thursday, the exchange rate reached $879,48 and Wednesday to $889,65, which seems to indicate the beginning of a slight downward trend.