Convert Chilean Unit of Account (UF) to Macedonian Denar
Please provide values below to convert Chilean Unit of Account (UF) [CLF] to Macedonian Denar [MKD], or Convert Macedonian Denar to Chilean Unit of Account (UF).
How to Convert Chilean Unit Of Account (Uf) to Macedonian Denar
1 CLF = 0.000470576658883014 MKD
Example: convert 15 CLF to MKD:
15 CLF = 15 × 0.000470576658883014 MKD = 0.00705864988324522 MKD
Chilean Unit Of Account (Uf) to Macedonian Denar Conversion Table
| Chilean Unit of Account (UF) | Macedonian Denar |
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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).
Macedonian Denar
The Macedonian Denar (MKD) is the official currency of North Macedonia, used for all monetary transactions within the country.
History/Origin
The Denar was introduced in 1992 following the independence of North Macedonia, replacing the Yugoslav dinar. It has undergone various redenominations and reforms to stabilize the economy.
Current Use
The Denar is actively used as the national currency for everyday transactions, banking, and trade in North Macedonia, with coins and banknotes issued by the National Bank of North Macedonia.