Convert Chilean Unit of Account (UF) to Cayman Islands Dollar
Please provide values below to convert Chilean Unit of Account (UF) [CLF] to Cayman Islands Dollar [KYD], or Convert Cayman Islands Dollar to Chilean Unit of Account (UF).
How to Convert Chilean Unit Of Account (Uf) to Cayman Islands Dollar
1 CLF = 0.0298427937117485 KYD
Example: convert 15 CLF to KYD:
15 CLF = 15 × 0.0298427937117485 KYD = 0.447641905676227 KYD
Chilean Unit Of Account (Uf) to Cayman Islands Dollar Conversion Table
| Chilean Unit of Account (UF) | Cayman Islands Dollar |
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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).
Cayman Islands Dollar
The Cayman Islands Dollar (KYD) is the official currency of the Cayman Islands, used for all monetary transactions within the territory.
History/Origin
Introduced in 1972, the Cayman Islands Dollar replaced the Jamaican dollar at par, establishing a stable local currency for the financial sector and tourism industry.
Current Use
The KYD is widely used in the Cayman Islands for everyday transactions, banking, and international trade, and is pegged to the US dollar at a fixed rate of 1 KYD = 1.20 USD.