The Chilean Peso is the official currency of Chile and is used by investors and traders to purchase financial instruments in the Chilean financial markets. It is traded on the Santiago Stock Exchange and is part of the Emerging Markets Index (EMI). The Chilean Peso has been a popular currency for investors due to its relative stability and lower volatility compared to other Latin American currencies. It is also used for international investments and purchases of Chilean goods and services. Investors use the Chilean Peso to diversify their portfolio and to benefit from the potential appreciation of the currency.