Convert Chilean Unit of Account (UF) to Angolan Kwanza
Please provide values below to convert Chilean Unit of Account (UF) [CLF] to Angolan Kwanza [AOA], or Convert Angolan Kwanza to Chilean Unit of Account (UF).
How to Convert Chilean Unit Of Account (Uf) to Angolan Kwanza
1 CLF = 2.7045127342006e-05 AOA
Example: convert 15 CLF to AOA:
15 CLF = 15 × 2.7045127342006e-05 AOA = 0.00040567691013009 AOA
Chilean Unit Of Account (Uf) to Angolan Kwanza Conversion Table
| Chilean Unit of Account (UF) | Angolan Kwanza |
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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).
Angolan Kwanza
The Angolan Kwanza (AOA) is the official currency of Angola, used for all monetary transactions within the country.
History/Origin
The Kwanza was introduced in 1977, replacing the Angolan escudo after independence from Portugal. It has undergone several redenominations due to inflation and economic changes.
Current Use
The AOA is actively used as Angola's legal tender, with coins and banknotes circulating nationwide. It is managed by the National Bank of Angola.