Convert Chilean Unit of Account (UF) to Indian Rupee
Please provide values below to convert Chilean Unit of Account (UF) [CLF] to Indian Rupee [INR], or Convert Indian Rupee to Chilean Unit of Account (UF).
How to Convert Chilean Unit Of Account (Uf) to Indian Rupee
1 CLF = 0.000287866387767646 INR
Example: convert 15 CLF to INR:
15 CLF = 15 × 0.000287866387767646 INR = 0.0043179958165147 INR
Chilean Unit Of Account (Uf) to Indian Rupee Conversion Table
| Chilean Unit of Account (UF) | Indian Rupee |
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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).
Indian Rupee
The Indian Rupee (INR) is the official currency of India, used for everyday transactions and financial exchanges within the country.
History/Origin
The Indian Rupee has a history dating back to ancient India, where it was used as a silver coin. It was formally adopted as the official currency during British rule and has evolved through various denominations and reforms to its current form.
Current Use
Today, the INR is widely used across India for all forms of monetary transactions, both cash and digital, and is managed by the Reserve Bank of India. It is also accepted in some neighboring countries and is a recognized currency in international trade.