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How old is the dollar for Christmas?

Operators estimate the exchange rate will be $ 672.5 next week.

At the end of the year, it is coming and many people will start thinking about Christmas gifts or traveling abroad. Given the boom of e-commerce, purchases in this direction and abroad are always a good choice, so it can be an advantage … and experts already know how much the dollar will be at the end of December They have a price for a course for that day.

According to a survey of financial operators (EOF), which took place between Tuesday and Wednesday of this week, it turned out that on average, experts expect the dollar in Chile to be $ 670 in 28 days, a level that is currently quoted

The survey, which is spreading by the central bank, estimates that the exchange rate will be $ 672.5 next week.

Annual inflation expectations will decrease

An additional measurement result from the Issuing Institute, which consults the persons responsible for financial decisions in different capital market institutions, shows that inflation expectations at the end of 2018 have been reduced from 3% to 2.8%. as Diario Fianciero assumed.

This was supported by the forecast when prices in November and December would show a zero change. The average value of the responses provided to operators is thus 0% in the last two months of the year, while the ninth decile relies on a slight increase of 0.1%.

Increasing rates

As for the monetary policy rate (MPR), the EOF indicates that the government rate will remain stable at a meeting held on December 4-5, with the Central Bank Council at 2.75%.

Operators estimate that there will be three increases in 2019, which will be in the January following TPM at 3%. Then it would reach 3.25% in May to reach 3.5% this year.

The process of withdrawing monetary stimulus would continue in 2020, a year when respondents expect to close rates at 4%.

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