Convert Chilean Unit of Account (UF) to Bermudan Dollar
Please provide values below to convert Chilean Unit of Account (UF) [CLF] to Bermudan Dollar [BMD], or Convert Bermudan Dollar to Chilean Unit of Account (UF).
How to Convert Chilean Unit Of Account (Uf) to Bermudan Dollar
1 CLF = 0.024868 BMD
Example: convert 15 CLF to BMD:
15 CLF = 15 × 0.024868 BMD = 0.37302 BMD
Chilean Unit Of Account (Uf) to Bermudan Dollar Conversion Table
| Chilean Unit of Account (UF) | Bermudan Dollar |
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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).
Bermudan Dollar
The Bermudan Dollar (BMD) is the official currency of Bermuda, used for all monetary transactions within the territory.
History/Origin
Introduced in 1970, the Bermudan Dollar replaced the Bermudian Pound at par, aligning Bermuda's currency with the US dollar for economic stability and convenience.
Current Use
The Bermudan Dollar is widely accepted in Bermuda, often pegged at par to the US dollar, and is used in everyday transactions, banking, and commerce within the territory.