Convert Kuwaiti Dinar to Chilean Unit of Account (UF)
Please provide values below to convert Kuwaiti Dinar [KWD] to Chilean Unit of Account (UF) [CLF], or Convert Chilean Unit of Account (UF) to Kuwaiti Dinar.
How to Convert Kuwaiti Dinar to Chilean Unit Of Account (Uf)
1 KWD = 12.2808428502493 CLF
Example: convert 15 KWD to CLF:
15 KWD = 15 × 12.2808428502493 CLF = 184.21264275374 CLF
Kuwaiti Dinar to Chilean Unit Of Account (Uf) Conversion Table
| Kuwaiti Dinar | Chilean Unit of Account (UF) |
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Kuwaiti Dinar
The Kuwaiti Dinar (KWD) is the official currency of Kuwait, used as the country's legal tender for all transactions.
History/Origin
The Kuwaiti Dinar was introduced in 1960, replacing the Gulf rupee at par. It was initially pegged to the British pound and later to the US dollar, maintaining a stable and strong currency due to Kuwait's oil wealth.
Current Use
Today, the Kuwaiti Dinar remains one of the highest-valued currencies globally, widely used within Kuwait for all financial transactions and recognized for its stability and strength in international markets.
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).