Chilean peso to sink most in 2014: poll
Chile’s peso is likely to lose more value against the dollar this year than the Colombian or Peruvian currencies, according to a LatinFinance poll
The Chilean peso likely to lose most value against the dollar
this year, compared to Andean peers, according to a poll of
LatinFinance website visitors.
Two thirds of respondents said the Chilean peso would lose
most value against the dollar in 2014. Just 18% voted for the
Colombian peso, and 15% said the Peruvian sol would fall
That echoes a trend already seen in the market.
Chile’s peso was trading at CLP549 to the dollar
on Tuesday, having weakened from the CLP524 level where it
opened in January.
Colombia’s peso is flat on the year, at
COP1,926 to the dollar on Tuesday. It has had a volatile few
months, however, weakening to COP2,054 in late February before
as portfolio inflows have rallied.
Peru’s sol has remained stable this year,
trading at 2.795 to the dollar on April 9, marginally stronger
than the PEN2.803 level where it opened the year, according to
data from the central bank.
The poll was live on www.latinfinance.com from February to
April 14, and drew 366 responses. LF