Convert Chilean Unit of Account (UF) to Chinese Yuan (Offshore)
Please provide values below to convert Chilean Unit of Account (UF) [CLF] to Chinese Yuan (Offshore) [CNH], or Convert Chinese Yuan (Offshore) to Chilean Unit of Account (UF).
How to Convert Chilean Unit Of Account (Uf) to Chinese Yuan (Offshore)
1 CLF = 0.00346760567740251 CNH
Example: convert 15 CLF to CNH:
15 CLF = 15 × 0.00346760567740251 CNH = 0.0520140851610377 CNH
Chilean Unit Of Account (Uf) to Chinese Yuan (Offshore) Conversion Table
| Chilean Unit of Account (UF) | Chinese Yuan (Offshore) |
|---|
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).
Chinese Yuan (Offshore)
CNH (Chinese Yuan Offshore) is the offshore version of China's currency, the Renminbi, used primarily for international trade and investment outside mainland China.
History/Origin
CNH was introduced in 2010 to facilitate offshore trading of the Chinese currency, allowing greater flexibility and internationalization of the Renminbi separate from the onshore RMB (CNY).
Current Use
CNH is widely used in global financial markets for trading, investment, and currency exchange, serving as a key component in international trade involving China.