Convert Canadian Dollar to Chilean Unit of Account (UF)
Please provide values below to convert Canadian Dollar [CAD] to Chilean Unit of Account (UF) [CLF], or Convert Chilean Unit of Account (UF) to Canadian Dollar.
How to Convert Canadian Dollar to Chilean Unit Of Account (Uf)
1 CAD = 54.7892874376709 CLF
Example: convert 15 CAD to CLF:
15 CAD = 15 × 54.7892874376709 CLF = 821.839311565064 CLF
Canadian Dollar to Chilean Unit Of Account (Uf) Conversion Table
| Canadian Dollar | Chilean Unit of Account (UF) |
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Canadian Dollar
The Canadian Dollar (CAD) is the official currency of Canada, used as the country's primary medium of exchange and store of value.
History/Origin
The Canadian Dollar was introduced in 1858, replacing the Canadian pound, and has since evolved into a stable currency, with its value influenced by Canada's economic policies and global markets.
Current Use
Today, the CAD is widely used in Canada for everyday transactions, international trade, and as a reserve currency, with its value fluctuating based on economic conditions and currency 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).