Convert Chilean Unit of Account (UF) to Malaysian Ringgit
Please provide values below to convert Chilean Unit of Account (UF) [CLF] to Malaysian Ringgit [MYR], or Convert Malaysian Ringgit to Chilean Unit of Account (UF).
How to Convert Chilean Unit Of Account (Uf) to Malaysian Ringgit
1 CLF = 0.0058770146996266 MYR
Example: convert 15 CLF to MYR:
15 CLF = 15 × 0.0058770146996266 MYR = 0.088155220494399 MYR
Chilean Unit Of Account (Uf) to Malaysian Ringgit Conversion Table
| Chilean Unit of Account (UF) | Malaysian Ringgit |
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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).
Malaysian Ringgit
The Malaysian Ringgit (MYR) is the official currency of Malaysia, used for all monetary transactions within the country.
History/Origin
The Ringgit was introduced in 1967, replacing the Malayan dollar. It was initially pegged to the British Pound and later to the US Dollar, with a floating exchange rate established in 1998.
Current Use
The MYR is widely used in Malaysia for everyday transactions, banking, and international trade, and is managed by Bank Negara Malaysia, the country's central bank.