Convert Chilean Unit of Account (UF) to Dominican Peso
Please provide values below to convert Chilean Unit of Account (UF) [CLF] to Dominican Peso [DOP], or Convert Dominican Peso to Chilean Unit of Account (UF).
How to Convert Chilean Unit Of Account (Uf) to Dominican Peso
1 CLF = 0.000412056138257858 DOP
Example: convert 15 CLF to DOP:
15 CLF = 15 × 0.000412056138257858 DOP = 0.00618084207386787 DOP
Chilean Unit Of Account (Uf) to Dominican Peso Conversion Table
| Chilean Unit of Account (UF) | Dominican Peso |
|---|
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).
Dominican Peso
The Dominican Peso (DOP) is the official currency of the Dominican Republic, used for everyday transactions and financial exchanges within the country.
History/Origin
The Dominican Peso was introduced in 1947, replacing the Dominican Republic peso at a rate of 1 peso to 1 peso. It has undergone various reforms and decimalization over the years to stabilize the economy and modernize the currency system.
Current Use
Today, the Dominican Peso remains the official currency of the Dominican Republic, widely used in all sectors of the economy, with banknotes and coins circulating throughout the country and in international transactions involving the Dominican Republic.