Convert Chilean Peso (CLP) to Canadian Dollar (CAD )
Exchange rates used for currency conversion updated on 23rd May 2015 ( 23/05/2015 )
Below you will find the latest exchange rate for exchanging Chilean Peso (CLP) to Canadian Dollar (CAD) , a table containing most common conversions and a chart with the pair's evolution.
The Chilean Peso (CLP) to Canadian Dollar (CAD) rates are updated every minute using our advanced technology for live forex currency conversion. Check back in a few days for things to buy with this amount and information about where exactly you can exchange currencies om;ine and offline.
The official currency of Chile is the peso which is symbolized with the "$" sign and retains the code "CLP" in international currency markets. The CLP is controlled by the Banco Central de Chile and is commonly valued against the United States dollar (USD). From 1975 through 1994 the CLP was in constant decline against the USD, since that time it has been in a slow appreciation against the USD.
Each CLP peso is divided into 100 subunits known as centavos. Due to inflation there are no current centavo coins in circulation. The coins that are officially recognized are denominated in 1, 5, 10, 50, 100, and 500 pesos and the banknotes in circulation are denominated as 1000, 2000, 5000, 10,000, and 20,000 pesos. The CLP is slowly transitioning to polymer banknotes and while the 1000, 2000, and 5000 pesos paper notes remain legal tender they have been replaced with corresponding value polymer notes. This transition is primarily in place to combat counterfeiting.
About Canadian Dollar (CAD)
The Bank of Canada manges the circulation and monetary policy of the floating yet highly dependent currency. The Canadian dollar (CAD) is heavily intertwined with economic developments in the United States and the USD this is compounded with the high trade dependence Canada shares with the US and is only mitigated by the price of commodities such as oil in which Canada is a net exporter and therefore can leverage these exports to support the CAD independent of the USD. The Bank of Canada follows its mandate of promoting the economic well being of the nation in juxtaposition to the mandate of many central banks as price stability.