Convert Panamanian Balboa to Chilean Unit of Account (UF)
Please provide values below to convert Panamanian Balboa [PAB] to Chilean Unit of Account (UF) [CLF], or Convert Chilean Unit of Account (UF) to Panamanian Balboa.
How to Convert Panamanian Balboa to Chilean Unit Of Account (Uf)
1 PAB = 40.2123210551713 CLF
Example: convert 15 PAB to CLF:
15 PAB = 15 × 40.2123210551713 CLF = 603.18481582757 CLF
Panamanian Balboa to Chilean Unit Of Account (Uf) Conversion Table
| Panamanian Balboa | Chilean Unit of Account (UF) |
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Panamanian Balboa
The Panamanian Balboa (PAB) is the official currency of Panama, subdivided into 100 centésimos, used primarily for coinage alongside the US dollar.
History/Origin
Introduced in 1904, the Balboa was established as Panama's official currency to promote national identity, initially backed by gold, but since 1941 it has been pegged at par to the US dollar, which is also widely accepted in the country.
Current Use
Today, the Balboa is mainly used for coinage and official transactions within Panama, with the US dollar serving as the primary currency for most practical purposes, including banking and commerce.
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).