Convert Chilean Unit of Account (UF) to Euro
Please provide values below to convert Chilean Unit of Account (UF) [CLF] to Euro [EUR], or Convert Euro to Chilean Unit of Account (UF).
How to Convert Chilean Unit Of Account (Uf) to Euro
1 CLF = 0.0291638325319573 EUR
Example: convert 15 CLF to EUR:
15 CLF = 15 × 0.0291638325319573 EUR = 0.43745748797936 EUR
Chilean Unit Of Account (Uf) to Euro Conversion Table
| Chilean Unit of Account (UF) | Euro |
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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).
Euro
The euro (EUR) is the official currency of the Eurozone, used by 19 of the 27 European Union member states, and is one of the world's major reserve currencies.
History/Origin
The euro was introduced in electronic form in 1999 and banknotes and coins entered circulation on January 1, 2002, replacing national currencies and fostering economic integration within the Eurozone.
Current Use
The euro is widely used across the Eurozone countries for everyday transactions, international trade, and as a reserve currency held by central banks worldwide.