FOREIGN EXCHANGE RISK IN CHILE

Chile has enjoyed a high level of foreign trade for many years, and its economic growth has been steady. However, the nation does not depend on any one nation, or even any one region, for its foreign trade. Its trade partners are well balanced between Europe, Asia, Latin America and North America, and these relationships are likely to continue over the next ten years. Chile has been careful in its economic growth to refrain from making the mistakes that other developing countries have made; one of these differences has been emphasizing foreign trade as part of its economic progress. Chile has signed free trade agreements with several countries and the EU, and maintains membership in international organizations such as MERCOSUR (which includes Argentina, Brazil, Paraguay and Uruguay in addition to Chile) (de Lambert, 2003). These strategies are likely to help the Chilean peso remain a relatively stable currency

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Approximate Word count = 1098
Approximate Pages = 4 (250 words per page)

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