MONEY MATTERS
The Chilean peso fluctuates with respect to the US dollar, to see current rates, check www.xe.com
The Chilean peso fluctuates with respect to the US dollar, to see current rates, check www.xe.com
There are many places in the financial and commercial districts where students can exchange US dollars, including shopping malls. Students can also obtain money from ATM machines (located throughout the cities). The use of credit cards is extensive in large cities, but it is preferable to carry local currency should you visit small towns or the countryside. As with most countries in South America, cash is used in smaller shops and shop keepers prefer when you use smaller denominations. Banks are the only places to use traveler’s checks.
It is useful to change some dollars at the airport so that you will have local currency upon entering the city. In most cases, it will not be necessary for you to open a bank account in Chile.