Convert 1 Chilean Peso (CLP) to British Pound Sterling (GBP)
Exchange rates used for currency conversion updated on 18th February 2020 ( 18/02/2020 )
Below you will find the latest exchange rate for exchanging Chilean Peso (CLP) to British Pound Sterling (GBP) , a table containing most common conversions and a chart with the pair's evolution.
The Chilean Peso (CLP) to British Pound Sterling (GBP) rates are updated every minute using our advanced technology for live forex currency conversion. Check back in a few days for things to buy with this amount and information about where exactly you can exchange currencies om;ine and offline.
The official currency of Chile is the peso which is symbolized with the "$" sign and retains the code "CLP" in international currency markets. The CLP is controlled by the Banco Central de Chile and is commonly valued against the United States dollar (USD). From 1975 through 1994 the CLP was in constant decline against the USD, since that time it has been in a slow appreciation against the USD.
Each CLP peso is divided into 100 subunits known as centavos. Due to inflation there are no current centavo coins in circulation. The coins that are officially recognized are denominated in 1, 5, 10, 50, 100, and 500 pesos and the banknotes in circulation are denominated as 1000, 2000, 5000, 10,000, and 20,000 pesos. The CLP is slowly transitioning to polymer banknotes and while the 1000, 2000, and 5000 pesos paper notes remain legal tender they have been replaced with corresponding value polymer notes. This transition is primarily in place to combat counterfeiting.
About British Pound Sterling (GBP)
Monetary policies affecting the pound sterling (GBP) are dispersed amongst 8 separate central banks throughout the territories, dependencies, and countries of the United Kingdom. The Bank of England is the primary central bank and is responsible for monetary policy and currency issuance in England, Wales, Scotland, and Northern Ireland. This floating currency is the third most widely held reserve currency in the world. The future of the GBP is dependent upon the political decision of whether or not to allow the GBP to be absorbed by the euro, effectively placing all of the United Kingdom into the eurozone.