In Chile the foreign exchange market has minimal regulations, so that transactions in Euros between individuals are carried out at the price that they freely agree on.
Valor del Euro presents the value reported by banking institutions, however the conversion rate in exchange offices or other institutions may vary, although not significantly.
Exchange houses are obliged to inform the Chilean government's Financial Analysis Unit about suspicious operations or operations that exceed the amount determined by this institution.
If you are going to trade more than US $ 1,000 ( 841 euros ), according to the law 19.913 and circulars issued by the financial analysis unit must present your identity card, or if you are a foreigner, your passport and fill out a mandatory form that is available in the exchange office.
For transactions over US $ 5.000 ( 4.207 euros at the current dollar exchange rate), or its equivalent in other currencies, the client must inform through a document that proves the origin of the currency. These documents can be for example:
If you do not have any of these or similar documents, you can fill out and sign a declaration of the origin and destination of the money.