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NET FOREIGN EXCHANGE GAIN (LOSS)
 12 Months Ended
Dec. 31, 2018
Net Foreign Exchange Gain  
NET FOREIGN EXCHANGE GAIN (LOSS)

NOTE 30

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, 2018, 2017 and 2016 net foreign exchange income is as follows:

 

   For the years ended December 31,
              2018            2017         2016
             MCh$           MCh$        MCh$
           
Net foreign exchange gain (loss)          
Net profit (loss) from currency exchange differences (212,618)   113,115   116,117
Hedging derivatives 252,275   22,933   399,875
Income from assets indexed to foreign currency 12,251   (9,190)   (8,745)
Income from liabilities indexed to foreign currency -   98   145
Total 51,908   126,956   507,392