Convert Chilean Unit of Account (UF) to Philippine Peso
Please provide values below to convert Chilean Unit of Account (UF) [CLF] to Philippine Peso [PHP], or Convert Philippine Peso to Chilean Unit of Account (UF).
How to Convert Chilean Unit Of Account (Uf) to Philippine Peso
1 CLF = 0.000436722787804497 PHP
Example: convert 15 CLF to PHP:
15 CLF = 15 × 0.000436722787804497 PHP = 0.00655084181706745 PHP
Chilean Unit Of Account (Uf) to Philippine Peso Conversion Table
| Chilean Unit of Account (UF) | Philippine Peso |
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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).
Philippine Peso
The Philippine Peso (PHP) is the official currency of the Philippines, used for all monetary transactions within the country.
History/Origin
The Philippine Peso was first introduced during the Spanish colonial period in the 16th century and has undergone various reforms and changes in design and denomination over the years, becoming the official currency of the Philippines in 1946 after independence.
Current Use
Today, the PHP is widely used in everyday transactions, banking, and commerce in the Philippines, and it is also traded in foreign exchange markets globally.