Convert Chinese Yuan to Chilean Unit of Account (UF)
Please provide values below to convert Chinese Yuan [CNY] to Chilean Unit of Account (UF) [CLF], or Convert Chilean Unit of Account (UF) to Chinese Yuan.
How to Convert Chinese Yuan to Chilean Unit Of Account (Uf)
1 CNY = 288.479170017693 CLF
Example: convert 15 CNY to CLF:
15 CNY = 15 × 288.479170017693 CLF = 4327.1875502654 CLF
Chinese Yuan to Chilean Unit Of Account (Uf) Conversion Table
| Chinese Yuan | Chilean Unit of Account (UF) |
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Chinese Yuan
The Chinese Yuan (CNY) is the official currency of China, also known as Renminbi (RMB), and is used for all monetary transactions within the country.
History/Origin
The Chinese Yuan was introduced in 1949 following the establishment of the People's Republic of China. It has undergone various reforms and reforms, including decimalization in the 1950s and modernization efforts in recent decades to stabilize and internationalize the currency.
Current Use
Today, the CNY is widely used domestically across China and is increasingly recognized internationally, with the Chinese government promoting its use in global trade and finance. It is also a component of the International Monetary Fund's Special Drawing Rights (SDR).
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).