CLP (Chilean Peso)

Filed Under » , ,
Dictionary Says

Definition of 'CLP (Chilean Peso)'

The currency abbreviation for the Chilean peso (CLP), the currency of Chile. The peso is often presented with the symbol $ and is made up of 100 centavos, even though there are no circulating centavo coins. Chilean peso banknotes are issued by the Banco Central de Chile.
Investopedia Says

Investopedia explains 'CLP (Chilean Peso)'

The "old" peso was used as currency in Chile between 1917 to 1959, when the escudo (CLE) came into use. The current (or new) Chilean peso was re-established on September 29, 1975, replacing the escudo at an exchange of 1:1000.

The Chilean people also refer to their currency by "luka" when refering to the 1,000 peso note, "quina" for the 500 peso coin,and "gamba" for the 100 peso coin.

Articles Of Interest

  1.

    Currency Exchange: Floating Rate Vs. Fixed Rate

    Baffled by exchange rates? Wonder why some currencies fluctuate while others are pegged? This article has the answers.

  2. Protect Your Foreign Investments From Currency Risk

    Hedging against currency risk can add a level of safety to your offshore investments.

  3. How are international exchange rates set?

    International currency exchange rates display how much one unit of a currency can be exchanged for another currency. Currency exchange rates can be floating, in which case they change continually ...

  4. Profit From Forex With Currency ETFs

    There's always a bull market somewhere - and now you can find it with currency ETFs.

  5. 8 Basic Forex Market Concepts

    We go over some of the things you need to understand before you can trade currencies.

  6. Forex Investing: How To Capture Commodity Fluctuations

    For individual or retail investors looking to gain exposure to hot commodity trends, the foreign exchange markets provide the answer.

  7. Forex: Identifying Trending And Range-Bound Currencies

    Gain a trading edge by learning how macroeconomic forces play out differently for various pairs in the forex market.

  8. A Primer On The Forex Market

    Moving from equities to currencies requires you to adjust how you interpret quotes, margin, spreads and rollovers.

  9. The New World Of Emerging Market Currencies

    Take advantage of foreign currency markets without stepping out of your house.

  10. How Bitcoin Works

    Bitcoin is a digital currency that exists almost wholly in the virtual realm, unlike physical currencies like dollars and euros. A growing number of proponents support its use as an alternative ...
comments powered by Disqus
Marketplace
Hot Definitions

  1. Racketeering

    Racketeering refers to criminal activity that is performed to benefit an organization such as a crime syndicate. Examples of racketeering activity include...

  2. Lawful Money

    Any form of currency issued by the United States Treasury and not the Federal Reserve System, including gold and silver coins, Treasury notes, and Treasury bonds. Lawful money stands in contrast to fiat money, to which the government assigns value although it has no intrinsic value of its own and is not backed by reserves.

  3. Fast Market Rule

    A rule in the United Kingdom that permits market makers to trade outside quoted ranges, when an exchange determines that market movements are so sharp that quotes cannot be kept current.

  4. Absorption Rate

    The rate at which available homes are sold in a specific real estate market during a given time period.

  5. Yellow Sheets

    A United States bulletin that provides updated bid and ask prices as well as other information on over-the-counter (OTC) corporate bonds...

  6. Bailment

    The contractual transfer of possession of assets or property for a specific objective.
Trading Center