Convert Malawian Kwacha to Chilean Unit of Account (UF)
Please provide values below to convert Malawian Kwacha [MWK] to Chilean Unit of Account (UF) [CLF], or Convert Chilean Unit of Account (UF) to Malawian Kwacha.
How to Convert Malawian Kwacha to Chilean Unit Of Account (Uf)
1 MWK = 70109.9927617822 CLF
Example: convert 15 MWK to CLF:
15 MWK = 15 × 70109.9927617822 CLF = 1051649.89142673 CLF
Malawian Kwacha to Chilean Unit Of Account (Uf) Conversion Table
| Malawian Kwacha | Chilean Unit of Account (UF) |
|---|
Malawian Kwacha
The Malawian Kwacha (MWK) is the official currency of Malawi, used for all monetary transactions within the country.
History/Origin
The Malawian Kwacha was introduced in 1971, replacing the Malawian Pound, as part of Malawi's monetary reform to establish a national currency.
Current Use
Today, the MWK is actively used in Malawi for everyday transactions, banking, and trade, with coins and banknotes issued by the Reserve Bank of Malawi.
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).