![]() ![]() Major Currencies-This refers to a short list of the most traded currencies, which generally stay the same year-to-year. Interbank (bank-to-bank) Rate-This is the wholesale exchange rate that banks use between themselves. The first currency in a currency pair is called the base currency, while the second is called the quote currency. A pip is sometimes called a point.Ĭurrency Pair-A quote of the relative value of one currency unit against another currency unit. For example, 3 pips are the difference between the currency quote of EUR/USD 1.2800/1.2803. Pip-A pip is the smallest unit of value in a bid-ask spread. Some call this profit a fee or commission. As financial middlemen, most will set exchange rates of their own at bid-ask spreads that return a percentage as profit for doing business. Real-world currency exchanges with brokers, banks, or businesses typically do not follow precise market rates. Theoretically, buyers want the smallest possible spreads, while sellers want the highest spreads. The forex is able to facilitate the receipt or payment of units of currency that are equal in value.īid Price-The price that a buyer is willing to pay for a unit of currency.Īsk Price-The price that a seller is willing to accept for a unit of currency.īid-Ask Spread-The difference between the bid and ask price. This market is a necessity because one unit of currency very rarely equals exactly one unit of another currency. ![]() Once you see the historical exchange rate graph appear, scroll anywhere along the graph line to see the historical exchange rate for that particular day in that year.Below is a short list of some of the important terms pertinent to foreign currency exchange.Įxchange Rate-The value of one currency expressed in terms of another.įorex-The foreign exchange market (forex) is a global, decentralized, over-the-counter market for the trading of currencies and is the largest market in the world (followed by the credit market). You can select the specific year for which you wish to see the historical exchange rates. ValutaFX has 10 years of history for most currency pairs. Yes, you can see historical conversion rates from Chilean Pesos to US Dollars on the Chilean Peso to US Dollar history page. Can I see historical conversion rates for CLP to USD? Yes, you can convert over 120 global currencies to US Dollars using the ValutaFX currency converter. The highest Chilean Peso to US Dollars exchange rate in the last 5 years was 0.0015 US Dollars per Chilean Peso on Tuesday, February 26, 2019. What is the highest CLP to USD rate in the last 5 years? The current exchange rate between the Chilean Peso and the US Dollar is 1 CLP = 0.0013 USD. What is the current exchange rate between CLP and USD? In the last 5 years, the Chilean Peso has depreciated -12.66% relative to the US Dollar. ![]() The Chilean Peso is weaker than the US Dollar at this time. If you execute a trade from Chilean Pesos to US Dollars late in the week, please bear in mind that the trade might not settle until the following week. However, between 3-4 PM GMT is often a good time if you want to convert Chilean Pesos to US Dollars because trading volumes tend to be highest at this time. What time of the day is best for CLP to USD conversions?Ĭurrency pairs are traded throughout the day, and consequently, their values can fluctuate constantly. In the last 5 years, the US Dollar reached a high of 1,050.8 Chilean Pesos to one US Dollar on Tuesday, July 19, 2022. ![]() When was the US Dollar at its highest compared the Chilean Peso in the last 5 years? What is $100 CLP in US Dollars?ġ00 Chilean Pesos = 0.1259 US Dollars as of Monday, J10:05 PM UTC. You can get live exchange rates between Chilean Pesos and US Dollars using the ValutaFX free online currency converter. CLP to USD Converter - FAQs What is the value of one Chilean Peso in US Dollars?ġ Chilean Peso = 0.0013 US Dollars as of Monday, J10:05 PM UTC. ![]()
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