Convert Chilean Unit of Account (UF) to Salvadoran Colón
Please provide values below to convert Chilean Unit of Account (UF) [CLF] to Salvadoran Colón [SVC], or Convert Salvadoran Colón to Chilean Unit of Account (UF).
How to Convert Chilean Unit Of Account (Uf) to Salvadoran Colón
1 CLF = 0.00284551891987452 SVC
Example: convert 15 CLF to SVC:
15 CLF = 15 × 0.00284551891987452 SVC = 0.0426827837981178 SVC
Chilean Unit Of Account (Uf) to Salvadoran Colón Conversion Table
| Chilean Unit of Account (UF) | Salvadoran 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).
Salvadoran Colón
The Salvadoran Colón (SVC) was the official currency of El Salvador until 2001, used as the country's monetary unit for everyday transactions.
History/Origin
Introduced in 1892, the Salvadoran Colón replaced the peso and was used until 2001, when El Salvador adopted the United States dollar as its official currency. It was named after Christopher Columbus (Cristóbal Colón).
Current Use
The Salvadoran Colón is no longer in circulation; it was replaced by the US dollar in 2001 and is now obsolete, with no current use in transactions.