Convert Chilean Unit of Account (UF) to Cape Verdean Escudo
Please provide values below to convert Chilean Unit of Account (UF) [CLF] to Cape Verdean Escudo [CVE], or Convert Cape Verdean Escudo to Chilean Unit of Account (UF).
How to Convert Chilean Unit Of Account (Uf) to Cape Verdean Escudo
1 CLF = 0.00026458781308618 CVE
Example: convert 15 CLF to CVE:
15 CLF = 15 × 0.00026458781308618 CVE = 0.00396881719629271 CVE
Chilean Unit Of Account (Uf) to Cape Verdean Escudo Conversion Table
| Chilean Unit of Account (UF) | Cape Verdean Escudo |
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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).
Cape Verdean Escudo
The Cape Verdean Escudo (CVE) is the official currency of Cape Verde, used for all monetary transactions within the country.
History/Origin
Introduced in 1914, the Escudo replaced the Cape Verdean real and has undergone various reforms, with the current version established in 1992 to stabilize the economy and modernize the currency system.
Current Use
The CVE is actively used as the legal tender in Cape Verde, with banknotes and coins circulating nationwide, and it is pegged to the Euro at a fixed rate for stability.