Tuesday , May 11 2021

How much will the dollar be at Christmas?

For its part, operators estimate that in another week, the exchange rate will be $ 672.5.

By the end of the year it is approaching and with it, many begin to think about the Christmas gift or trips abroad. Given the boom of e-commerce, purchases in this way and abroad are always a good option, therefore knowing more or less how much the dollar will be at the end of December can be an asset … and experts already They have a price for the exchange rate for that date.

According to a survey by financial operators (EOF) conducted between Tuesday and Wednesday this week, it showed that, on average, experts expect the dollar in Chile to be $ 670 in 28 days, similar to the levels currently quoted

For its part, a survey published by the Central Bank estimates that in another week, the exchange rate will be $ 672.5.

Annual inflation expectations are reduced

Another result of the measurement of the publishing institute, who consulted people responsible for financial decisions in various institutions in the capital market, shows that inflation expectations at the end of 2018 were reduced from 3% to 2.8%, as expected from by Diane Fianciero.

This, supported by a forecast where prices will show zero variations during November and December. Thus, the median of the responses given by the operators points to a 0% index of consumer spending in the last two months of the year, while the ninth decile relies on a slight increase of 0.1%.

Gradual in rising rates

Regarding the evolution of the monetary policy rate (IMF), the EOF points out that the rate of governance will remain stable at a meeting held between 4 and 5 December by the Board of the Central Bank to 2.75%.

Thus, operators estimate that during 2019 there will be three increases, next in January, where TPM will be at 3%. Then, in May it will reach 3.25% to complete the year with 3.5%.

The process of withdrawal of the monetary stimulus will continue in the course of 2020, the year in which the respondents expect the rate to close to 4%.

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