Convert Chilean Unit of Account (UF) to New Zealand Dollar
Please provide values below to convert Chilean Unit of Account (UF) [CLF] to New Zealand Dollar [NZD], or Convert New Zealand Dollar to Chilean Unit of Account (UF).
How to Convert Chilean Unit Of Account (Uf) to New Zealand Dollar
1 CLF = 0.0148999400838826 NZD
Example: convert 15 CLF to NZD:
15 CLF = 15 × 0.0148999400838826 NZD = 0.223499101258238 NZD
Chilean Unit Of Account (Uf) to New Zealand Dollar Conversion Table
| Chilean Unit of Account (UF) | New Zealand 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).
New Zealand Dollar
The New Zealand Dollar (NZD) is the official currency of New Zealand and its territories, used for everyday transactions and financial exchanges.
History/Origin
Introduced in 1967, replacing the New Zealand Pound, the NZD was initially pegged to the British Pound and later adopted a floating exchange rate system. It has undergone various reforms and is now managed by the Reserve Bank of New Zealand.
Current Use
The NZD is widely used in New Zealand and is also accepted in some Pacific Island nations. It is actively traded in international currency markets and is a key component of the country's economy.