Net Foreign Exchange Gain (Loss)

12 Months Ended

Dec. 31, 2020

Disclosure of effect of changes in foreign exchange rates [text block] [Abstract]

NET FOREIGN EXCHANGE GAIN (LOSS)

NOTE 28

NET FOREIGN EXCHANGE GAIN (LOSS)

Net foreign exchange income includes the income earned from foreign currency trading, differences arising from converting monetary items in a foreign currency to the functional currency, and those generated by non-monetary assets in a foreign currency at the time of their sale,

For the years ended December 31, 2020, 2019 and 2018 net foreign exchange income is as follows:

	For the years ended December 31,
	2020	2019	2018
	MCh$	MCh$	MCh$
Net foreign exchange gain (loss)
Net profit (loss) from currency exchange differences	90,133	(89,893)	(212,618)
Hedging derivatives	(27,624)	362,374	252,275
Income from assets indexed to foreign currency	(3,512)	7,376	12,251
Total	58,997	279,857	51,908