Which currency exchange rate would be used for investment transactions?
There is an official rate set and updated by the Central Bank of Chile, depending upon market forces. There is also a second or informal, but legal, rate. The two rates seldom differ by more than a few points. Certain transactions, like investment contracts under D.L.600, guarantee the investor the right to foreign exchange at the official rate. For investments not made under D.L. 600, the informal rate must be used when remitting dividends. Current rates of exchange can be found on the Santiago Stock Exchange website, at http://www.bolsadesantiago.com.
There is an official rate set and updated by the Central Bank of Chile, depending upon market forces. There is also a second or informal, but legal, rate. The two rates seldom differ by more than a few points. Certain transactions, like investment contracts under D.L. 600, guarantee the investor the right to foreign exchange at the official rate. For investments not made under D.L. 600, the informal rate must be used when remitting dividends. Current rates of exchange can be found on the Santiago Stock Exchange website, at http://www.bolsadesantiago.com. Source: This information provided by the ITA Trade Information Center.
Related Questions
- How do I check the currency exchange rate used for Current Value (SGD) of my foreign currency denominated funds in my view holding?
- How is the currency exchange rate calculated when the card is used outside of denominated currency?
- Which currency exchange rate would be used for investment transactions?
