Convert Chilean Unit of Account (UF) to Thai Baht
Please provide values below to convert Chilean Unit of Account (UF) [CLF] to Thai Baht [THB], or Convert Thai Baht to Chilean Unit of Account (UF).
How to Convert Chilean Unit Of Account (Uf) to Thai Baht
1 CLF = 0.00077199605123461 THB
Example: convert 15 CLF to THB:
15 CLF = 15 × 0.00077199605123461 THB = 0.0115799407685191 THB
Chilean Unit Of Account (Uf) to Thai Baht Conversion Table
| Chilean Unit of Account (UF) | Thai Baht |
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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).
Thai Baht
The Thai Baht (THB) is the official currency of Thailand, used for all monetary transactions within the country.
History/Origin
The Thai Baht has been the official currency of Thailand since the late 19th century, evolving from the traditional tical and undergoing various reforms, including decimalization in 1897 and a series of currency reforms to stabilize its value.
Current Use
The Thai Baht is widely used in Thailand for everyday transactions, banking, and international trade. It is also traded on the foreign exchange market and is considered a stable currency in Southeast Asia.