Convert Chilean Unit of Account (UF) to Uruguayan Peso
Please provide values below to convert Chilean Unit of Account (UF) [CLF] to Uruguayan Peso [UYU], or Convert Uruguayan Peso to Chilean Unit of Account (UF).
How to Convert Chilean Unit Of Account (Uf) to Uruguayan Peso
1 CLF = 0.000617073491497498 UYU
Example: convert 15 CLF to UYU:
15 CLF = 15 × 0.000617073491497498 UYU = 0.00925610237246246 UYU
Chilean Unit Of Account (Uf) to Uruguayan Peso Conversion Table
| Chilean Unit of Account (UF) | Uruguayan Peso |
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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).
Uruguayan Peso
The Uruguayan Peso (UYU) is the official currency of Uruguay, used for all monetary transactions within the country.
History/Origin
Introduced in 1993 to replace the Uruguayan Peso Moneda Nacional, the UYU has undergone various redenominations and monetary reforms to stabilize the economy and control inflation.
Current Use
The UYU is widely used in Uruguay for everyday transactions, banking, and trade, and is also accepted in some border regions of neighboring countries.