Convert Chilean Unit of Account (UF) to Jamaican Dollar
Please provide values below to convert Chilean Unit of Account (UF) [CLF] to Jamaican Dollar [JMD], or Convert Jamaican Dollar to Chilean Unit of Account (UF).
How to Convert Chilean Unit Of Account (Uf) to Jamaican Dollar
1 CLF = 0.00015534975246365 JMD
Example: convert 15 CLF to JMD:
15 CLF = 15 × 0.00015534975246365 JMD = 0.00233024628695476 JMD
Chilean Unit Of Account (Uf) to Jamaican Dollar Conversion Table
| Chilean Unit of Account (UF) | Jamaican Dollar |
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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).
Jamaican Dollar
The Jamaican Dollar (JMD) is the official currency of Jamaica, used for all monetary transactions within the country.
History/Origin
The Jamaican Dollar was introduced in 1969, replacing the Jamaican Pound at a rate of 1 dollar = 1.5 pounds. It has undergone various redenominations and reforms over the years to stabilize the economy.
Current Use
Today, the Jamaican Dollar is widely used in everyday transactions, banking, and commerce across Jamaica, with coins and banknotes issued by the Bank of Jamaica.