Convert Chilean Unit of Account (UF) to Ugandan Shilling
Please provide values below to convert Chilean Unit of Account (UF) [CLF] to Ugandan Shilling [UGX], or Convert Ugandan Shilling to Chilean Unit of Account (UF).
How to Convert Chilean Unit Of Account (Uf) to Ugandan Shilling
1 CLF = 6.97311470033413e-06 UGX
Example: convert 15 CLF to UGX:
15 CLF = 15 × 6.97311470033413e-06 UGX = 0.000104596720505012 UGX
Chilean Unit Of Account (Uf) to Ugandan Shilling Conversion Table
| Chilean Unit of Account (UF) | Ugandan Shilling |
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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).
Ugandan Shilling
The Ugandan Shilling (UGX) is the official currency of Uganda, used for all monetary transactions within the country.
History/Origin
The Ugandan Shilling was introduced in 1966, replacing the East African Shilling, and has undergone various denominations and reforms over the years to stabilize the economy.
Current Use
Today, the UGX is widely used in Uganda for everyday transactions, banking, and trade, and is managed by the Bank of Uganda.