For your trip to Chile, the primary currency you'll need is the Chilean Peso (CLP), also commonly referred to as CH$. This is the national currency of the country and is essential for daily transactions.
Chilean Pesos (CLP): Your Primary Currency
The Chilean Peso is available in both coins and notes. While it was officially split into centavos in the past, centavos are no longer in use for transactions. You will deal exclusively with pesos.
Understanding Chilean Peso Denominations
It's helpful to familiarize yourself with the common denominations you'll encounter:
- Notes: Commonly found in 1,000, 2,000, 5,000, 10,000, and 20,000 peso denominations.
- Coins: Typically in 10, 50, 100, and 500 peso denominations.
Having a mix of notes, especially smaller denominations, and coins is very useful for small purchases, local markets, and public transport.
Where to Get Chilean Pesos
You have several options for obtaining Chilean Pesos:
- Before You Go: While not always the most favorable exchange rate, you can purchase a small amount of Chilean Pesos from currency exchange services or banks in your home country before you travel. For example, TUI Travel Money offers this service.
- Upon Arrival:
- Airports: Exchange booths are available at major international airports like Santiago's Arturo Merino Benítez International Airport (SCL). Rates here might be slightly less competitive.
- Banks & Exchange Houses (Casas de Cambio): These offer good rates and are found in cities and tourist areas. Always compare rates before exchanging.
- ATMs: This is often the most convenient way to get cash at a good exchange rate.
Using Credit and Debit Cards
Credit and debit cards are widely accepted in urban areas, including hotels, larger restaurants, supermarkets, and department stores. Visa and Mastercard are the most commonly accepted, with American Express and Diners Club less so.
Important Considerations for Card Use
- Notify Your Bank: Inform your bank about your travel plans to Chile to prevent your card from being flagged for suspicious activity and blocked.
- Foreign Transaction Fees: Be aware that your bank may charge foreign transaction fees for purchases made in CLP. Check with your bank beforehand.
- Carry a Backup: It's always wise to carry at least two different cards (e.g., one Visa, one Mastercard) from different banks in case one is lost, stolen, or not accepted.
- "Dólares" vs. "Pesos": When paying by card, you might be asked if you want to pay in Chilean Pesos or your home currency. Always choose to pay in Chilean Pesos (CLP) for a better exchange rate, as the merchant's conversion rate is usually less favorable.
ATMs (Cajeros Automáticos)
ATMs are widely available throughout Chile, especially in cities and towns, and are a reliable way to get cash in local currency.
Tips for ATM Use
- Security: Use ATMs located inside banks, supermarkets, or well-lit, busy areas, especially during the day.
- Daily Limits: Be aware of your bank's daily withdrawal limits and any per-transaction fees imposed by the Chilean bank.
- Small Withdrawals: It might be better to make slightly larger withdrawals to minimize per-transaction fees, rather than many small ones.
US Dollars (USD) as a Backup
While not the primary currency for daily use, carrying a small amount of US Dollars (USD) can be beneficial as a backup or for emergencies. In some high-end hotels or tourist service providers, USD might be accepted directly, though you'll often get a better deal by paying in pesos. USD can also be easily exchanged for Chilean Pesos at exchange houses.
Practical Money Tips for Chile Travel
Here’s a quick overview of different payment methods and their typical use:
| Method | Acceptance & Use | Pros | Cons |
|---|---|---|---|
| Chilean Pesos | Essential for all transactions, especially small ones, local markets, public transport. | Universally accepted; no transaction fees. | Carrying large amounts of cash can be risky. |
| Credit/Debit Cards | Widely accepted in cities, hotels, larger shops, restaurants. | Convenient; less need to carry large cash. | Foreign transaction fees; not accepted everywhere (e.g., small vendors). |
| ATMs | Widespread for cash withdrawals. | Convenient way to get local currency; good exchange rates. | Potential for fees; security concerns at isolated ATMs. |
| US Dollars (USD) | Limited direct acceptance; useful for exchange or emergencies. | Good backup; easily exchanged. | Not primary currency; less favorable exchange rates if used directly. |
Essential Advice
- Always carry some cash: Even if you plan to use cards extensively, many smaller establishments, taxis, and street vendors will only accept cash.
- Use a mix of payment methods: Relying solely on one method can leave you stranded.
- Monitor exchange rates: Be aware of the current exchange rate between your home currency and the Chilean Peso.
- Prioritize security: Keep your money and cards secure, and be discreet when handling cash in public.
