XML 102 R29.htm IDEA: XBRL DOCUMENT v3.25.1
Effect of fluctuations in foreign currency exchange rates
12 Months Ended
Dec. 31, 2024
Effect Of Fluctuations In Foreign Currency Exchange Rates  
Effect of fluctuations in foreign currency exchange rates Effect of fluctuations in foreign currency exchange rates
(a)Reserves for foreign currency exchange differences:
As of December 31, 2024, and 2023, are detailed as follows:
DetailsAs of
December 31,
2024
As of
December 31,
2023
As of
December 31,
2022
ThUS$ThUS$ThUS$
Comercial Hydro S.A.1,0041,0041,004
SQMC Internacional Ltda.— (9)(9)
Proinsa Ltda.— (10)(10)
Comercial Agrorama Ltda.192188175 
Isapre Norte Grande Ltda.(239)(147)(130)
Almacenes y Depósitos Ltda.662568
Sacal S.A.— (3)(3)
Sociedad Prestadora de Servicios de Salud Cruz del Norte S.A.— (41)(38)
Agrorama S.A.814730666
SQM Vitas Fzco(1,714)(1,164)(3,614)
Ajay Europe(2,152)(1,529)(1,911)
SQM Oceanía Pty Ltd.(579)(579)(579)
SQM Indonesia S.A.(124)(124)(124)
Azure Minerals(33,080)
SQM Holland B.V.9999
SQM Thailand Limited— (68)(68)
SQM Europe— (1,983)(1,983)
SQM Australia Pty Ltd.(1,265)(1,643)(1,642)
Pavoni & C. Spa— (224)(363)
Pirra Lithium Pty Ltd.(135)— — 
Sichuan Dixin New Energy Co. Ltd(714)— — 
SQM Colombia S.A.S.— (80)(80)
Others(32)  
Total(38,024)(4,921)(8,042)
(b)Functional and presentation currency
The functional currency of these companies corresponds to the currency of the country of origin of each entity, and its presentation currency is the dollar.
(c)Reasons to use one presentation currency and a different functional currency
A relevant portion of the revenues of these subsidiaries are associated with the local currency.
The cost structure of these companies is affected by the local currency.