Convert Chilean Unit of Account (UF) to Argentine Peso
Please provide values below to convert Chilean Unit of Account (UF) [CLF] to Argentine Peso [ARS], or Convert Argentine Peso to Chilean Unit of Account (UF).
How to Convert Chilean Unit Of Account (Uf) to Argentine Peso
1 CLF = 1.96403326567523e-05 ARS
Example: convert 15 CLF to ARS:
15 CLF = 15 × 1.96403326567523e-05 ARS = 0.000294604989851284 ARS
Chilean Unit Of Account (Uf) to Argentine Peso Conversion Table
| Chilean Unit of Account (UF) | Argentine Peso |
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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).
Argentine Peso
The Argentine Peso (ARS) is the official currency of Argentina, used for all monetary transactions within the country.
History/Origin
The Argentine Peso was first introduced in 1881, replacing the Argentine Austral. It has undergone several revaluations and reforms, with the current peso being reintroduced in 1992 after a period of hyperinflation and currency instability.
Current Use
Today, the ARS is the legal tender in Argentina, used for everyday transactions, banking, and trade. It is managed by the Central Bank of Argentina and remains subject to inflationary pressures and economic fluctuations.