Convert Chilean Unit of Account (UF) to Saudi Riyal
Please provide values below to convert Chilean Unit of Account (UF) [CLF] to Saudi Riyal [SAR], or Convert Saudi Riyal to Chilean Unit of Account (UF).
How to Convert Chilean Unit Of Account (Uf) to Saudi Riyal
1 CLF = 0.00663146666666667 SAR
Example: convert 15 CLF to SAR:
15 CLF = 15 × 0.00663146666666667 SAR = 0.099472 SAR
Chilean Unit Of Account (Uf) to Saudi Riyal Conversion Table
| Chilean Unit of Account (UF) | Saudi Riyal |
|---|
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).
Saudi Riyal
The Saudi Riyal (SAR) is the official currency of Saudi Arabia, used for all monetary transactions within the country.
History/Origin
The Saudi Riyal was introduced in 1925, replacing the Indian Rupee, and has undergone various reforms, including decimalization in 1929. It is issued and regulated by the Saudi Central Bank.
Current Use
The SAR is widely used in Saudi Arabia for everyday transactions, banking, and international trade, and is pegged to the US dollar at a fixed rate.