Convert Chilean Unit of Account (UF) to Tongan Paanga
Please provide values below to convert Chilean Unit of Account (UF) [CLF] to Tongan Paanga [TOP], or Convert Tongan Paanga to Chilean Unit of Account (UF).
How to Convert Chilean Unit Of Account (Uf) to Tongan Paanga
1 CLF = 0.0104294581446066 TOP
Example: convert 15 CLF to TOP:
15 CLF = 15 × 0.0104294581446066 TOP = 0.156441872169099 TOP
Chilean Unit Of Account (Uf) to Tongan Paanga Conversion Table
| Chilean Unit of Account (UF) | Tongan Paanga |
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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).
Tongan Paanga
The Tongan Paʻanga (TOP) is the official currency of Tonga, used as the primary monetary unit for transactions within the country.
History/Origin
The Paʻanga was introduced in 1967, replacing the Tongan pound at a rate of 1 Paʻanga = 10 shillings, to modernize Tonga's currency system and facilitate easier transactions.
Current Use
Today, the Paʻanga remains the official currency of Tonga, widely used in everyday transactions, banking, and trade within the country.