Convert Chilean Unit of Account (UF) to Chilean Peso
Please provide values below to convert Chilean Unit of Account (UF) [CLF] to Chilean Peso [CLP], or Convert Chilean Peso to Chilean Unit of Account (UF).
How to Convert Chilean Unit Of Account (Uf) to Chilean Peso
1 CLF = 2.60564203017528e-05 CLP
Example: convert 15 CLF to CLP:
15 CLF = 15 × 2.60564203017528e-05 CLP = 0.000390846304526292 CLP
Chilean Unit Of Account (Uf) to Chilean Peso Conversion Table
| Chilean Unit of Account (UF) | Chilean Peso |
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Chilean Unit Of Account (Uf)
The Chilean Unit of Account (UF) is a financial unit used in Chile, primarily for indexing and legal purposes, representing a fixed value that adjusts according to inflation.
History/Origin
Introduced in 1967, the UF was established to serve as a stable reference for contracts and legal transactions, adjusting periodically based on inflation indices to preserve its value over time.
Current Use
The UF is widely used in Chile for valuing real estate, loans, and legal contracts, and it is updated daily based on the Chilean Consumer Price Index (CPI).
Chilean Peso
The Chilean Peso (CLP) is the official currency of Chile, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Chilean Peso was introduced in 1975, replacing the Chilean Escudo, as part of monetary reforms to stabilize the economy and modernize the currency system.
Current Use
Today, the Chilean Peso remains the official currency of Chile, widely used in all financial transactions, banking, and commerce across the country.