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The price of the dollar closed this week at 688 pesos, accumulating an increase of 30 pesos this month; increase in the value of the North American currency which could further exacerbate fuel prices.
Experts have differing views on projections indicating that the trajectory of the North American currency could have been influenced mainly by the emerging markets external scenario, US economic growth figures and Brazil's presidential elections.
Alejandro Alarcón, an economist at the University of Chile, explains that this cumulative increase is due to an adjustment of the public debt of the emerging countries which experienced a strong monetary expansion. you can expect the exchange rate to continue to rise.
The editorialist and general manager of the Octagon group, Manuel Bengolea, indicates instead that there was an excessive adjustment so that the appreciation of the dollar at the international level and the recent rush on the emerging markets should tend to decrease generating that the North American currency returns to $ 650.
On the other hand, Chile imports almost 100% of its fuel, which is why a rise in the price of the dollar directly influences the value of the species ]
In addition, Bengolea explains that judging by the projections of the value of the peso and oil, the current scenario can still worsen . "He still has to refuel," he said.
Depending on the outcome of the elections The presidential elections in Brazil, both the actual peso that Chilean, could be strengthened partly reversing the sustained rise in the price of the dollar.
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