Convert Chilean Unit of Account (UF) to United States Dollar
Please provide values below to convert Chilean Unit of Account (UF) [CLF] to United States Dollar [USD], or Convert United States Dollar to Chilean Unit of Account (UF).
How to Convert Chilean Unit Of Account (Uf) to United States Dollar
1 CLF = 0.024868 USD
Example: convert 15 CLF to USD:
15 CLF = 15 × 0.024868 USD = 0.37302 USD
Chilean Unit Of Account (Uf) to United States Dollar Conversion Table
| Chilean Unit of Account (UF) | United States Dollar |
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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).
United States Dollar
The United States Dollar (USD) is the official currency of the United States of America, used as a standard unit of monetary value and exchange.
History/Origin
The USD was established in 1792 with the Coinage Act, replacing the Continental Congress's Continental Currency. It has since become one of the world's dominant reserve currencies, influenced by the economic growth of the U.S. and global financial markets.
Current Use
The USD is widely used domestically and internationally for trade, investment, and as a reserve currency. It is the most traded currency in the foreign exchange market and is used as the standard currency in many international transactions.