At present, the price of the dollar had consolidated with a downward trend in the range of $800, pushed by the decrease in inflation in the United States. However, the panorama changed, also as a result of an event that occurred in the North American country. The Federal Reserve announced a rate increase and this had an impact on a rise in the currency in our country. It started on Wednesday, when the exchange rate rose $14 at the close of business.
Variations in the price of the dollar have repercussions on the economic situation of households in the country. Many goods and products that families purchase come from abroad and, therefore, if the exchange rate is rising, costs rise. This contingency can also contribute to the increase in inflation.
The preceding months were marked by a high price of the US currency. In July, the currency reached a historic price, above $1,000, and the Central Bank had to intervene to control the situation.
What is the value of the dollar today, Friday December 16?
According to the data provided by the Banco Central, The price of the dollar observed in Chile today, Friday, December 16, amounts to es $875,56. Meanwhile, yesterday, Thursday, the exchange rate reached $862,85 and the Wednesday, on the other hand, it was of $858,07. The figures confirm that, at present, the North American currency once once more increases its value in the national market.
