Exchange rates and comparable rates for the Deutsche Mark in Chile * / DEM 1 = CLP ... (middle) / up to the end of 1998

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Time series key	BBEX3.M.CLP.DEM.CA.AC.A01
Unit	CLP
Dimension	one
Timespan	from 1980-01 to 1998-12
Last update	20.09.2023 02:43:02 PM

General	Type of rate until the end of 1994: commercial banks' free market rate. A parallel market exists alongside the commercial banks' foreign exchange market. However, we do not have any details about these rates or information on how they are used. Listed against the euro as of January 1999, see BBEX3:M:CLP:EUR:CA:AC:A01.
Methodology	* We only have data on exchange rates for the Deutsche Mark in Chile until July 1996. From August 1996, the quoted figures are comparable rates calculated on the basis of the buying and selling rates for the US dollar in Chile in conjunction with the respective official quotation on the Frankfurt exchange for US dollar. Calculated on the basis of the buying and selling rates.
Source	Dresdner Bank Lateinamerika AG, Hamburg (formerly: Deutsch-Südamerikanische Bank AG).

Comment on 1984-09	With effect from 18 September 1984, the exchange rates were adjusted sharply. We recorded the following exchange rates (buying/selling rate): 13 September 1984: DEM 1 = CLP 30.25 / 31.92 20 September 1984: DEM 1 = CLP 36.24 / 38.46 On the basis of the above-mentioned rates, the Chilean peso depreciated by 16.8% (calculated on the basis of the middle rates).

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