Euro to Chilean Peso — exchange rate

The euro (sign: €, code: EUR, number: 978) is a currency unit that is used for payment on the Eurozone territory. It is used among the majority of European countries: in Germany, Austria, Spain, France, Greece, etc. A common abbreviation of the currency is EUR.

Every euro is worth 100 cents. Sometimes the coins are called eurocents to avoid misunderstanding. The € currency was introduced in 2002 after the official establishment of the European Union. It has replaced a lot of European currencies: Greek drachma, Lithuanian litas, Slovak krona and so on. Introducing euro on a vast territory has allowed to remove transfer commission connected to conversion. Many preserved local currencies have a rate closely tied to EUR.

The Chilean peso ($) is the national currency issued and spread only in Chile. The currency name can be simplified to CLP. The Chilean peso can be changed into coins named centavo.

Every CLP has 100 centavos. The currency appeared in circulation in 1817, but was later replaced with escudo. However, the Chilean peso was issued again. Today, both currencies are used at the same time. In 2008, the state mint has issued 50 commemorative coins with a misspelling of the country’s name. Some of these coins were sold at auction. Having a face value of 50 peso, their price could go up to 20 thousand peso. This nuisance led to the fact that the head of the mint was fired.