Convert Chilean Unit of Account (UF) to Aruban Florin
Please provide values below to convert Chilean Unit of Account (UF) [CLF] to Aruban Florin [AWG], or Convert Aruban Florin to Chilean Unit of Account (UF).
How to Convert Chilean Unit Of Account (Uf) to Aruban Florin
1 CLF = 0.0138927374301676 AWG
Example: convert 15 CLF to AWG:
15 CLF = 15 × 0.0138927374301676 AWG = 0.208391061452514 AWG
Chilean Unit Of Account (Uf) to Aruban Florin Conversion Table
| Chilean Unit of Account (UF) | Aruban Florin |
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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).
Aruban Florin
The Aruban Florin (AWG) is the official currency of Aruba, used as a medium of exchange within the country.
History/Origin
The Aruban Florin was introduced in 1986, replacing the Netherlands Antillean Guilder at par, to establish a distinct national currency for Aruba.
Current Use
The AWG is widely used in Aruba for all daily transactions, banking, and trade, and is pegged to the US dollar at a fixed rate.