Chilean peso to sink most in 2014: poll

Chilean peso to sink most in 2014: poll


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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 most.

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 rebounding back 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 from February to April 14, and drew 366 responses. LF