Both the Wall Street Journal and Bloomberg ran stories today about the weekend drop in the price of the Chilean Peso (CLP).
Interestingly, Bloomberg attributed the change to a “slump” in the price of copper, while the WSJ says that the drop is due to a weaker Euro.
Whatever the reason is, this may mean a short-term increase or decrease in individual expats’ net worth. And it will surely contribute to a medium-term decline in their confidence in the stability of their investments, whatever currency they’re valued in.
How are you feeling about the Chilean peso and other world currencies?