Convert Chilean Unit of Account (UF) to Costa Rican Colón
Please provide values below to convert Chilean Unit of Account (UF) [CLF] to Costa Rican Colón [CRC], or Convert Costa Rican Colón to Chilean Unit of Account (UF).
How to Convert Chilean Unit Of Account (Uf) to Costa Rican Colón
1 CLF = 4.9309961928934e-05 CRC
Example: convert 15 CLF to CRC:
15 CLF = 15 × 4.9309961928934e-05 CRC = 0.00073964942893401 CRC
Chilean Unit Of Account (Uf) to Costa Rican Colón Conversion Table
| Chilean Unit of Account (UF) | Costa Rican Colón |
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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).
Costa Rican Colón
The Costa Rican Colón (CRC) is the official currency of Costa Rica, used for everyday transactions within the country.
History/Origin
Introduced in 1896, the Colón replaced the Costa Rican peso and was named after Christopher Columbus (Cristóbal Colón). It has undergone various devaluations and redesigns over the years to stabilize the economy.
Current Use
The CRC remains the official currency of Costa Rica, widely used in all economic activities, with banknotes and coins circulating throughout the country. It is also used in currency conversions and financial transactions domestically.