Convert Chilean Unit of Account (UF) to Hong Kong Dollar
Please provide values below to convert Chilean Unit of Account (UF) [CLF] to Hong Kong Dollar [HKD], or Convert Hong Kong Dollar to Chilean Unit of Account (UF).
How to Convert Chilean Unit Of Account (Uf) to Hong Kong Dollar
1 CLF = 0.00316797880200769 HKD
Example: convert 15 CLF to HKD:
15 CLF = 15 × 0.00316797880200769 HKD = 0.0475196820301154 HKD
Chilean Unit Of Account (Uf) to Hong Kong Dollar Conversion Table
| Chilean Unit of Account (UF) | Hong Kong Dollar |
|---|
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).
Hong Kong Dollar
The Hong Kong Dollar (HKD) is the official currency of Hong Kong, issued by the Hong Kong Monetary Authority, and used for daily transactions and financial activities in Hong Kong.
History/Origin
The Hong Kong Dollar was introduced in 1935, replacing the Hong Kong British Pound, and has since evolved through various monetary arrangements, including pegging to the US Dollar since 1983 to stabilize the currency.
Current Use
Today, the HKD is widely used in Hong Kong for all forms of commerce, banking, and international trade, and is one of the most traded currencies in the world.