CLPChilean PesoChilean Peso (CLP)
The Chilean peso is Chile's national currency and a major South American unit associated with mining, trade and a long-established inflation-targeting framework.
- ISO code
- CLP
- Symbol
- $
- Region
- Americas
- Currency type
- Fiat currency
- Exchange system
- The Central Bank of Chile issues peso banknotes and coins and conducts monetary policy under an autonomous national framework.
- Last reviewed
Convert this currency
CLP converter
CLPRate date:
Quick facts
CLP at a glance
Currency profile
How CLP works
The Chilean peso is Chile's national currency and a major South American unit associated with mining, trade and a long-established inflation-targeting framework.
The Central Bank of Chile issues peso banknotes and coins and conducts monetary policy under an autonomous national framework.
- CLP is used without decimal places in routine amounts, even though the peso historically had a centavo subdivision.
- The current peso was reintroduced in 1975 at one peso for 1,000 escudos.
Context
Why this currency matters
CLP is important for both Pacific South American commerce and commodity-linked analysis. Its modern history includes a shift from peso to escudo and back to peso, so historical amounts require the correct unit date, while current whole-peso display should not imply that older centavo records never existed.
Monetary framework
Exchange arrangement
The Central Bank of Chile issues peso banknotes and coins and conducts monetary policy under an autonomous national framework.
CurrencyHub shows daily reference rates. Banks, card networks, ATMs and transfer providers may apply different exchange rates, fees or spreads.
History timeline
Key dates for CLP
Central Bank of Chile established
Chile created its central bank and consolidated the modern national note-issue framework.
Central Bank of Chile - historyEscudo replaced the former peso
Chile introduced the escudo at one escudo for 1,000 former pesos.
Central Bank of Chile - historyCurrent peso restored
The peso returned as the national unit at one peso for 1,000 escudos.
Central Bank of Chile - history
Usage and economy
How CLP is used
- Prices, wages and payments in Chile.
- South American trade and commodity comparisons involving ARS, PEN, BRL and USD.
Country currency guides
Banknotes and coins
CLP currency units
The Central Bank of Chile documents the current peso banknote series and security features.
The Central Bank of Chile documents peso coins used in circulation.
One Chilean Peso unit is recorded with 0 decimal places.
Related currencies
Currency relationships
Explore currencies connected through regional use, trade comparisons or monetary relationships.
FAQ
CLP questions
What currency did the current Chilean peso replace?
The current peso replaced the escudo in 1975 at 1,000 escudos for one peso.
Why are CLP prices usually whole numbers?
Routine Chilean peso amounts are displayed without decimal minor units.
Why is CLP associated with commodity trade?
Chile is a major mining and copper exporter, making CLP relevant to commodity and Pacific trade comparisons.
Sources
Data and editorial review
Rate source: Frankfurter
Last reviewed:
Currency identity and cash information is checked against central-bank, government, ISO and official international sources.