Convert Chilean Unit of Account (UF) to South Korean Won
Please provide values below to convert Chilean Unit of Account (UF) [CLF] to South Korean Won [KRW], or Convert South Korean Won to Chilean Unit of Account (UF).
How to Convert Chilean Unit Of Account (Uf) to South Korean Won
1 CLF = 1.79867771005211e-05 KRW
Example: convert 15 CLF to KRW:
15 CLF = 15 × 1.79867771005211e-05 KRW = 0.000269801656507817 KRW
Chilean Unit Of Account (Uf) to South Korean Won Conversion Table
| Chilean Unit of Account (UF) | South Korean Won |
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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).
South Korean Won
The South Korean Won (KRW) is the official currency of South Korea, used for all monetary transactions within the country.
History/Origin
The Won was first introduced in 1945, replacing the Korean yen. It has undergone several redenominations and reforms, with the current form established in 1962 to stabilize the economy after periods of inflation.
Current Use
Today, the South Korean Won is widely used in South Korea for everyday transactions, banking, and international trade, and is managed by the Bank of Korea.