During the first moments of trading, the greenback surpassed 921 pesos per unit, although a slight decrease occurred later.

The Central Bank of Chile’s website indicated this Monday that the so-called “observed dollar” opened at 921.76.

This indicator corresponds to an average of the spot buy and sell amounts between the two currencies in the formal exchange market, occurring during the immediately preceding business day, in this case, last Friday.

According to the local newspaper El Financiero, the fluctuations recorded at the start of the week are also impacted by the increase in oil prices amid fears that the war will last longer than expected, including the closure of the Strait of Hormuz.

The price of Brent crude reached $120 a barrel, prompting G-7 finance ministers to discuss the planned release of reserves, which would be coordinated by the International Energy Agency, the outlet reported.

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