Convert Chilean Unit of Account (UF) to British Pound Sterling
Please provide values below to convert Chilean Unit of Account (UF) [CLF] to British Pound Sterling [GBP], or Convert British Pound Sterling to Chilean Unit of Account (UF).
How to Convert Chilean Unit Of Account (Uf) to British Pound Sterling
1 CLF = 0.0335963253174818 GBP
Example: convert 15 CLF to GBP:
15 CLF = 15 × 0.0335963253174818 GBP = 0.503944879762226 GBP
Chilean Unit Of Account (Uf) to British Pound Sterling Conversion Table
| Chilean Unit of Account (UF) | British Pound Sterling |
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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).
British Pound Sterling
The British Pound Sterling (GBP) is the official currency of the United Kingdom and its territories, used as a standard unit of monetary value.
History/Origin
The Pound Sterling is one of the oldest currencies still in use, dating back to the 8th century. It was originally a silver coin and has evolved through various forms, including the gold standard and fiat currency, becoming the UK's primary currency in the 19th century.
Current Use
Today, the GBP is widely used in the UK and its territories, serving as the main currency for everyday transactions, banking, and international trade. It is also a major reserve currency globally.