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base info Tether USDt

Tether USDt to Chilean Peso Converter and calculator

Convert 1Tether USDt (USDT) to Chilean Peso (CLP) equals $ 963.94 | Bitget

CLP information

About the Chilean Peso (CLP)

What Is the Chilean Peso (CLP)?

The Chilean Peso, denoted as CLP or symbolized as $ or CLP$, is the official currency of Chile. The current version of the peso has been in circulation since 1975, following the previous version which was used from 1817 to 1960. The peso is recognized by its ISO 4217 code, CLP, and was historically divided into 100 centavos, though this subdivision was formally eliminated in 1996. The Chilean Peso is the sole legal tender in Chile.

The Chilean Peso is issued by the Central Bank of Chile (Banco Central de Chile). The Central Bank is responsible for the country's monetary policy, including the issuance and regulation of the nation's currency. Established in 1925, the Banco Central de Chile plays a crucial role in maintaining the stability of the financial system and ensuring the smooth functioning of payment systems in Chile. Its responsibilities also extend to managing the country's foreign exchange reserves and implementing monetary policies to control inflation and foster economic growth.

What Is the History of CLP?

The first Chilean Peso was introduced in 1817, valued at 8 Spanish colonial reales. The peso underwent several transformations in its early years, including changes in its subdivision and pegging to foreign currencies like the French franc and the British pound sterling. In 1960, the peso was replaced by the escudo at a rate of 1 escudo = 1000 pesos, only to be reintroduced in its current form in 1975, replacing the escudo at a rate of 1 peso = 1000 escudos.

Notes and Coins of CLP

Chilean coinage has evolved over the years, with the introduction of various denominations in copper, silver, and gold. The current coin denominations include 1, 5, 10, 50, 100, and 500 pesos. Banknotes have also seen changes, with the current denominations being 1000, 2000, 5000, 10,000, and 20,000 pesos. Notably, Chile introduced polymer banknotes for certain denominations, enhancing security and durability.

Exchange Rate and Value

The value of the Chilean Peso against the US dollar has fluctuated over time. As of January 2024, the exchange rate was approximately CLP$888 to US$1. Chile's economy and the value of its currency have been impacted by several crises. Notably, during the economic crisis of 1982, the peso was devalued, leading to changes in exchange rate regimes. More recently, political and economic instability, coupled with high inflation rates, led to significant depreciation of the peso against the US dollar, reaching over 1000 pesos per dollar in 2022.

Is CLP Accepted for Transactions in Countries Other Than Chile?

Generally, the Chilean Peso (CLP) is not accepted for transactions in other countries. Currencies like the US Dollar, Euro, or British Pound are more commonly accepted outside their countries of origin due to their widespread recognition and stability. The Chilean Peso, like most national currencies, is primarily used within its own country, Chile.

In some border areas or tourist destinations near Chile, especially in neighboring countries like Argentina, Bolivia, and Peru, there might be limited acceptance of the Chilean Peso, but this is not the norm. Even in these cases, exchange rates offered might not be favorable.

Is CLP Pegged to USD?

The Chilean Peso (CLP) is not pegged to the United States Dollar (USD). Instead, it operates under a floating exchange rate system. In a floating exchange rate system, the value of the currency is determined by the foreign exchange market through supply and demand relative to other currencies. This means that the value of the CLP can fluctuate against the USD based on market conditions, economic factors, and monetary policy decisions made by the Central Bank of Chile.

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Bitget crypto-to-fiat exchange data shows that the most popular Tether USDt currency pair is the USDT to CLP, with for Tether USDt's currency code being USDT. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for CLP.

USDT to CLP conversion rate trend

1D7D1M3M1YAll
In the past 1D, Tether USDt has changed +0.00% to CLP. Based on the trend and price charts, Tether USDt(USDT) has changed +0.00% to CLP while Chilean Peso(CLP) has changed % to USDT in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
$963.94
0.0001% / 0.0004%vip-iconVIP
Last updated 2024/04/13 02:58:34(UTC+0)

What factors influence the conversion rate of Tether USDt to Chilean Peso?

Tether USDt to Chilean Peso is falling this week.
Tether USDt's current market price is $ 963.94 per USDT, with a total market cap of $ 103,488,132,412,921.48 CLP based on a circulating supply of 107,359,270,000 USDT. The trading volume of Tether USDt has changed by +82.06% ($ 44,613,338,301,102.3 CLP) in the last 24 hours. Last trading day, USDT's trading volume was $ 54,368,054,669,992.32.
Market cap
$107.35B
24h volume
$102.67B
Circulating supply
107.36B USDT

Conversion tables

The exchange rate of Tether USDt is decreasing.
1 USDT is currently valued at $ 963.94 CLP , which means buying 5 USDT will cost $ 4,819.71 CLP . Similarly, $1 CLP can be traded for 0.001037 USDT, and $50 CLP can be converted to 0.05187 USDT, excluding any platform or gas fees.
The exchange rate of 1 USDT to Chilean Peso has changed by -0.05% in the last 7 days. In the last 24 hours, the rate has fluctuated by +0.00%, reaching a high of 965.41 CLP and a low of 962.81 CLP . One month ago, the value of 1 USDT was $ 964.36 CLP , which represents a -0.04% change from its current value. Over the last year, Tether USDt has changed by
-$
0.7185CLP
, resulting in a change of -0.07% in its value.

USDT to CLP

Amount
02:58 am today
0.5 USDT
$481.97
1 USDT
$963.94
5 USDT
$4,819.71
10 USDT
$9,639.42
50 USDT
$48,197.11
100 USDT
$96,394.22
500 USDT
$481,971.1
1000 USDT
$963,942.2

CLP to USDT

Amount02:58 am today
0.5CLP0.0005187  USDT
1CLP0.001037  USDT
5CLP0.005187  USDT
10CLP0.01037  USDT
50CLP0.05187  USDT
100CLP0.1037  USDT
500CLP0.5187  USDT
1000CLP1.04  USDT
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Today vs. 24 hours ago

Amount02:58 am today24 hours ago24h change
0.5 USDT$0.4999$0.4999
+0.00%
1 USDT$0.9999$0.9999
+0.00%
5 USDT$5$5
+0.00%
10 USDT$10$10
+0.00%
50 USDT$49.99$49.99
+0.00%
100 USDT$99.99$99.99
+0.00%
500 USDT$499.93$499.93
+0.00%
1000 USDT$999.87$999.87
+0.00%

Today vs. 1 month ago

Amount02:58 am today1 month ago1M change
0.5 USDT$0.4999$0.5002
-0.04%
1 USDT$0.9999$1
-0.04%
5 USDT$5$5
-0.04%
10 USDT$10$10
-0.04%
50 USDT$49.99$50.02
-0.04%
100 USDT$99.99$100.03
-0.04%
500 USDT$499.93$500.15
-0.04%
1000 USDT$999.87$1,000.3
-0.04%

Today vs. 1 year ago

Amount02:58 am today1 year ago1Y change
0.5 USDT$0.4999$0.5003
-0.07%
1 USDT$0.9999$1
-0.07%
5 USDT$5$5
-0.07%
10 USDT$10$10.01
-0.07%
50 USDT$49.99$50.03
-0.07%
100 USDT$99.99$100.06
-0.07%
500 USDT$499.93$500.31
-0.07%
1000 USDT$999.87$1,000.61
-0.07%

FAQ

This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Bitget to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Bitget exchange as well as other cryptocurrency exchanges and market data platforms. Bitget may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Bitget is not liable for any errors or delays in content or for any actions taken in reliance on any content.