About the AUD/CLP rate
The AUD/CLP rate is how many CLP one Australian dollar buys. It moves constantly with interest-rate expectations, commodity prices and global risk sentiment - see what moves the rate. Tradergy shows the mid-market reference rate and does not forecast where it’s heading. For the 52-week highs and lows and a daily table, see the AUD/CLP rate history.
Where else this pair appears: the reverse rate, CLP → AUD, is on the receiving Chilean peso view, and sending Australian dollars to Chile is covered on the AUD → CLP transfer page. Every AUD pair sits on the convert hub, and to work in more than one currency at once there is the currency converter.
How Chile budgets around copper
Two Chilean government bodies measure the concentration, and they agree on its scale. The trade ministry's 2025 commercial report puts copper at 51.6 per cent of the country's goods exports, US$55,188 million out of US$107,004 million, with mining as a whole at 59.1 per cent. The copper commission's statistical yearbook, working on a different cut, gives copper 49.5 per cent of national exports in 2024. The same yearbook puts Chile at 24.3 per cent of world mined copper production in 2024, down from 29.7 per cent in 2015, with the Democratic Republic of the Congo next at 13.5 per cent.
What Chile built in response is fiscal machinery. Since 2001 fiscal policy has been guided by a rule based on a cyclically adjusted balance, and the copper price the rule works from is not the market price. It is a long-run reference set by a standing advisory committee on the reference price of copper, alongside an autonomous fiscal council established in law in 2019. The budget is therefore written against a figure a committee has settled, and the difference between that figure and what copper actually fetches is what the rule saves or spends.
Where the difference goes was also legislated. The Fiscal Responsibility Law of 2006 created two sovereign funds, the Economic and Social Stabilisation Fund and the Pension Reserve Fund, and established the framework for accumulating and operating the savings the structural balance rule generates. The stabilisation fund exists explicitly for periods of low growth or a low copper price. The central bank's own framework sits above all of it, unchanged in shape since 1999: an inflation target of around 3 per cent with a tolerance of one percentage point, aimed at over a twenty-four month horizon, and a flexible exchange rate.
Sources: Subsecretaría de Relaciones Económicas Internacionales, Informe Comercial 2025 · COCHILCO, Anuario de Estadísticas del Cobre y Otros Minerales 2005-2024 · Dirección de Presupuestos, Balance Estructural · Ministerio de Hacienda, Fondos Soberanos · Banco Central de Chile, Memoria Anual, chapter on monetary policy