Convert Chilean Unit of Account (UF) to Mongolian Tugrik
Please provide values below to convert Chilean Unit of Account (UF) [CLF] to Mongolian Tugrik [MNT], or Convert Mongolian Tugrik to Chilean Unit of Account (UF).
How to Convert Chilean Unit Of Account (Uf) to Mongolian Tugrik
1 CLF = 7.00560561133572e-06 MNT
Example: convert 15 CLF to MNT:
15 CLF = 15 × 7.00560561133572e-06 MNT = 0.000105084084170036 MNT
Chilean Unit Of Account (Uf) to Mongolian Tugrik Conversion Table
| Chilean Unit of Account (UF) | Mongolian Tugrik |
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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).
Mongolian Tugrik
The Mongolian Tugrik (MNT) is the official currency of Mongolia, used for all monetary transactions within the country.
History/Origin
Introduced in 1925, the Tugrik has undergone various reforms and redenominations, especially after Mongolia's independence from China and during the transition from a socialist economy to a market economy.
Current Use
Today, the Tugrik is widely used in Mongolia for everyday transactions, with banknotes and coins circulating throughout the country. It is also traded in foreign exchange markets.