Dollar price in Chile rises to CLP 994.29, its highest level in almost two years
The dollar price in Chile reached CLP 994.29 on October 27, its highest level since January 2025, and is now up 16.4% from its lowest point of the year.
· 2 min read
The dollar price in Chile reached CLP 994.29 on Tuesday, October 27, according to the observed dollar rate published by the Internal Revenue Service (SII). It is the highest value since January 2025 and leaves the currency less than CLP 6 away from the CLP 1,000 mark.
CLP 994.29
Observed dollar today
October 27, 2026
16.4%
Rise from the year's low
from CLP 854.25 on February 10
CLP 981.58
October average
through October 27
Source: SII, observed dollar 2025 and 2026
View the data as a table
| Observed dollar today | CLP 994.29 | October 27, 2026 |
| Rise from the year's low | 16.4% | from CLP 854.25 on February 10 |
| October average | CLP 981.58 | through October 27 |
How the dollar price in Chile moved in 2026
The year started with the dollar at CLP 907.13 (January 2). It fell to CLP 854.25 on February 10, its lowest point, and has risen in stages since then. The sharpest jump came between August and October: the monthly average went from CLP 917.66 to CLP 981.58, or CLP 63.92 more in two months.
Source: SII, observed dollar 2026
View the data as a table
| Jan | 883.97 CLP |
| Feb | 862.02 CLP |
| Mar | 909.89 CLP |
| Apr | 897.89 CLP |
| May | 897.64 CLP |
| Jun | 903.38 CLP |
| Jul | 930.97 CLP |
| Aug | 917.66 CLP |
| Sep | 947.27 CLP |
| Oct | 981.58 CLP |
October is not over yet, so its average may change. Even so, it is already the month with the most expensive dollar of the year.
The highest level since January 2025
To find an observed dollar above CLP 994.29, you have to go back to January 2025, when the currency topped CLP 990 on several days. In the rest of 2025, the high was CLP 993.89 (April 9).
| Date | Observed dollar |
|---|---|
| January 2, 2026 | CLP 907.13 |
| February 10, 2026 (low of the year) | CLP 854.25 |
| September 30, 2026 | CLP 970.46 |
| October 27, 2026 | CLP 994.29 |
A technical detail: the observed dollar published by the SII is calculated from banks' transactions on the previous business day. That is why it may differ from the price shown by exchange houses or market screens during the day.
Why it matters: inflation and the UF
A higher dollar price in Chile makes imported goods, fuel and travel more expensive. In September, the CPI rose 0.4% in the month and 4.1% over twelve months, according to the National Statistics Institute (INE). The increase was led by food and non-alcoholic beverages (0.6%) and transportation (0.9%).
The UF, an inflation-indexed unit, is worth CLP 41,226.39 today, according to the SII. October's CPI, which will show part of the dollar's effect, will be released in early November.
This article is for information only and is not investment or currency-buying advice. To learn more about the risks of dollar-denominated assets, also read how to start investing in crypto with little money from Chile.
What it means for you
- If you are traveling or buying abroad: the dollar price in Chile is at its highest point of 2026, so your card will charge more pesos for each dollar purchase than a few months ago.
- If you import or sell imported products: with a 16.4% rise since February, it is worth reviewing prices and costs in pesos, because your margin may have shrunk.
- If you have debts or rent in UF: the UF does not track the dollar but inflation; still, an expensive dollar can push up CPI in the coming months and, with it, the UF.
Sources
- dollar price in Chile
- observed dollar
- exchange rate
- UF
- inflation Chile