- The official currency in Chile is the Chilean peso (Ch$).
- Euros and US dollars are also generally accepted in most high-end hotels but compared to other South American countries, their acceptance rate is low here.
WHERE TO EXCHANGE CURRENCY IN CHILE.
- Making ATM withdrawals will always give you the best rate.
Casas de Cambio ( Foreign exchange bureaus)
- These are one of the best options and they offer one of the best rates. In downtown Santiago, there are several exchange bureaus along Agustina street.
TIP: Since competition is usually very stiff, search around for the exchange bureau that will give you the best rate before exchanging your money. Also avoid using traveler's cheques at Cambios, though they are accepted at most Cambios, you'll get a bad rate if you use those.
Airport currency exchange kiosks and major hotels.
- There are two currency exchange kiosks in Santiago international airport: one is in the international arrivals terminal just after passing through the duty-free area, the second kiosk is at the airport's public area.
- Other Chilean airports with currency exchange kiosks include Santiago, Concepcion, Antofagasta, Arica, Iquique, Puerto Montt, and Punta Arenas.
Disadvantage: you'll not get a good exchange rate when you exchange at these points. You'll also be charged a hefty commission.
TIP: If you need to exchange money and you're at the airport, use ATMs.