JPY/CLP: what to know
The JPY/CLP rate shows how much CLP you get for 1 JPY. Right now, 1 JPY buys 5.8070 CLP at the mid-market rate. In the other direction, 1 CLP is worth 0.1722 JPY.
In the short term JPY is driven mainly by Bank of Japan policy and global risk appetite, while CLP responds to the price of copper.
The Japanese Yen (JPY) is issued by Bank of Japan. “Yen” literally means “round object”. 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.