Convert Chilean Unit of Account (UF) to Mozambican Metical
Please provide values below to convert Chilean Unit of Account (UF) [CLF] to Mozambican Metical [MZN], or Convert Mozambican Metical to Chilean Unit of Account (UF).
How to Convert Chilean Unit Of Account (Uf) to Mozambican Metical
1 CLF = 0.00039086923924473 MZN
Example: convert 15 CLF to MZN:
15 CLF = 15 × 0.00039086923924473 MZN = 0.00586303858867095 MZN
Chilean Unit Of Account (Uf) to Mozambican Metical Conversion Table
| Chilean Unit of Account (UF) | Mozambican Metical |
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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).
Mozambican Metical
The Mozambican Metical (MZN) is the official currency of Mozambique, used for all monetary transactions within the country.
History/Origin
The Metical was introduced in 1980, replacing the Mozambique Escudo, to stabilize the economy and modernize the monetary system. It has undergone several redenominations and reforms since its inception.
Current Use
The Metical is actively used as Mozambique's primary currency for everyday transactions, banking, and trade. It is issued and regulated by the Bank of Mozambique.