EUR/CLP: what to know
The EUR/CLP rate shows how much CLP you get for 1 EUR. Right now, 1 EUR buys 1,065.06 CLP at the mid-market rate. In the other direction, 1 CLP is worth 0.000939 EUR.
In the short term EUR is driven mainly by ECB policy and eurozone growth, while CLP responds to the price of copper.
The Euro (EUR) is issued by European Central Bank (ECB). The euro is the world’s second most-traded currency, after the US dollar. The Chilean Peso (CLP) is issued by Central Bank of Chile. The Chilean peso no longer uses cents — the smallest coins are whole pesos.
Use this mid-market figure as your benchmark: compare it with the rate your bank or broker quotes, and the difference is the margin you would pay.