Convert Chilean Unit of Account (UF) to Manx pound
Please provide values below to convert Chilean Unit of Account (UF) [CLF] to Manx pound [IMP], or Convert Manx pound to Chilean Unit of Account (UF).
How to Convert Chilean Unit Of Account (Uf) to Manx Pound
1 CLF = 0.0335917871133324 IMP
Example: convert 15 CLF to IMP:
15 CLF = 15 × 0.0335917871133324 IMP = 0.503876806699987 IMP
Chilean Unit Of Account (Uf) to Manx Pound Conversion Table
| Chilean Unit of Account (UF) | Manx pound |
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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).
Manx Pound
The Manx pound (IMP) is the official currency of the Isle of Man, subdivided into 100 pence, and used as the island's legal tender.
History/Origin
The Manx pound has been in use since the Isle of Man established its own currency system, historically linked to the British pound, with banknotes issued by local banks since the 19th century.
Current Use
Today, the Manx pound is pegged to the British pound at par and is used alongside British currency for everyday transactions and local commerce on the Isle of Man.