1 Argentine Peso to Chilean Pesos

Find the daily exchange rates for ARS/CLP and for all the top World currencies.

Countries That Use Argentine Peso (ARS) as their official currency

The Argentine Peso (ARS) is used as the main currency in the following countries: Argentina

Countries That Use Chilean Peso (CLP) as their official currency

The Chilean Peso (Chilean Peso) is used as the main currency in the following countries: Chile

About The Argentine Peso (CLP)

The CLP - Chilean Peso - is the official currency of Chile, a country known for its diverse geography that stretches from the driest desert in the north to the glacial fjords in the south. The Chilean Peso is symbolized by '$' or 'CLP$' to distinguish it from other currencies that also use the dollar sign. Each Chilean Peso is subdivided into 100 centavos, although centavo coins are no longer in active circulation due to inflation and rounding practices.

The modern Chilean Peso was introduced in 1975, replacing the Chilean Escudo at a rate of 1,000 Escudos to 1 Peso. The introduction of the Peso was part of a broader economic reform that aimed to stabilize the Chilean economy after a period of political upheaval and hyperinflation. The Central Bank of Chile, established as an autonomous institution, is responsible for managing monetary policy, issuing currency, and maintaining financial stability in the country. Its focus on inflation targeting has helped build credibility and trust in the Chilean Peso.

Chile’s economy is one of the most stable and prosperous in Latin America, with the Chilean Peso playing a key role in facilitating both domestic and international trade. The country’s economic strength is largely driven by its vast natural resources, particularly copper, which accounts for a significant portion of Chile’s exports. As the world’s largest producer of copper, Chile is highly sensitive to fluctuations in global copper prices, and consequently, the value of the Chilean Peso is often influenced by commodity market trends. This makes the Peso a commodity-linked currency, and its value can fluctuate based on global demand for minerals and raw materials.

The Chilean Peso is issued in both coin and banknote forms. Coins are available in denominations of 10, 50, 100, and 500 Pesos. Banknotes come in values of 1,000, 2,000, 5,000, 10,000, and 20,000 Pesos, each with vibrant colors and designs featuring notable Chilean figures and landscapes. The banknotes are adorned with portraits of important figures from Chile’s history, such as poet Gabriela Mistral, who was the first Latin American to win the Nobel Prize in Literature, and military leader Bernardo O’Higgins, who is considered one of the founding fathers of Chile. The back of each banknote features natural landmarks that highlight Chile’s diverse geography, from the Andes Mountains to Easter Island.

The Chilean Peso is a free-floating currency, meaning its value is determined by the foreign exchange market based on supply and demand. The Central Bank of Chile intervenes only occasionally to prevent excessive volatility. This approach allows the Peso to reflect the underlying economic conditions of the country, including changes in export revenues, foreign investment, and global economic trends.

Tourists visiting Chile will use the Chilean Peso for all transactions, whether they are exploring the bustling streets of Santiago, touring the vineyards of the Central Valley, or venturing into the natural wonders of Patagonia. The Peso is a reflection of Chile's economic independence and its ability to navigate both regional and global financial landscapes. Despite periods of political and economic challenges, the Chilean Peso has remained a stable currency, underscoring the resilience of Chile’s economy.

Chile’s fiscal discipline, open trade policies, and commitment to economic reforms have made the Chilean Peso a reliable currency in the region. It serves not only as the backbone of domestic trade but also as a symbol of Chile’s economic growth and development. The Peso remains an essential part of everyday life for Chileans and is a marker of the country’s progress and ambitions for the future.

About The Argentine Peso (ARS)

The ARS - Argentine Peso - is the official currency of Argentina, a country located in South America known for its diverse landscapes, rich cultural heritage, and vibrant economy. The Peso is symbolized by '$' or 'AR$', with each Peso subdivided into 100 smaller units called 'centavos.' The Argentine Peso is a significant part of the country's economic history, and its value has fluctuated considerably due to the economic and political challenges Argentina has faced over the years.

The modern Argentine Peso was introduced in 1992, replacing the Austral at a rate of 10,000 Australes to 1 Peso. This introduction was part of an economic stabilization plan aimed at curbing hyperinflation, which had severely impacted Argentina's economy during the late 1980s and early 1990s. Initially, the Peso was pegged to the US Dollar at a 1:1 ratio under the 'Convertibility Plan,' which was intended to stabilize prices and restore confidence in the national currency. This peg was maintained until 2001, when economic pressures forced the country to abandon the fixed exchange rate, leading to a floating Peso and a significant devaluation.

Argentina has experienced various versions of the Peso throughout its history, each reflecting different economic circumstances. The Peso has undergone changes in value, symbols, and denominations, often as a response to inflationary pressures. These shifts are indicative of Argentina's complex financial history, with periods of rapid growth, political instability, and economic crises.

Today, the Argentine Peso is a free-floating currency, and its value can be volatile, affected by both domestic policies and global market conditions. Despite the challenges, the Argentine Peso remains central to everyday transactions in Argentina, reflecting the resilience of the Argentine people. The exchange rate against major world currencies, particularly the US Dollar, is closely watched both domestically and internationally due to its impact on inflation, purchasing power, and international trade.

The Argentine Peso is issued in both coin and banknote forms. Coins are available in denominations ranging from 1 to 10 pesos, while banknotes come in values from 10 to 1,000 pesos. The banknotes feature significant historical figures, such as José de San Martín and Eva Perón, along with natural and cultural symbols representing Argentina's rich heritage, including native animals and scenic landscapes like the Iguazu Falls. These images reflect Argentina's national pride and cultural identity.

While Argentina faces economic challenges, including high inflation rates, the Peso remains the official means of exchange for goods, services, and investments. The government's ongoing efforts to address inflation and stabilize the currency are part of a broader strategy to restore economic growth and confidence in the national financial system.

Argentina's unique economy, with its mix of agriculture, industry, and services, makes the Peso an essential currency not only for the country but also for regional trade within Latin America. The Peso's story is one of adaptability and endurance, symbolizing Argentina's struggles, resilience, and hopes for economic stability and prosperity.

Argentine Peso (ARS) Frequently Used Conversions