Convert New Taiwan Dollar to Chilean Unit of Account (UF)
Please provide values below to convert New Taiwan Dollar [TWD] to Chilean Unit of Account (UF) [CLF], or Convert Chilean Unit of Account (UF) to New Taiwan Dollar.
How to Convert New Taiwan Dollar to Chilean Unit Of Account (Uf)
1 TWD = 1180.83480778511 CLF
Example: convert 15 TWD to CLF:
15 TWD = 15 × 1180.83480778511 CLF = 17712.5221167766 CLF
New Taiwan Dollar to Chilean Unit Of Account (Uf) Conversion Table
| New Taiwan Dollar | Chilean Unit of Account (UF) |
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New Taiwan Dollar
The New Taiwan Dollar (TWD) is the official currency of Taiwan, used for everyday transactions and financial exchanges within the country.
History/Origin
The New Taiwan Dollar was introduced in 1949 to replace the Old Taiwan Dollar, stabilizing Taiwan's economy after World War II and subsequent political changes. It has undergone several reforms and devaluations over the decades to adapt to economic conditions.
Current Use
Today, the TWD is widely used in Taiwan for all monetary transactions, including retail, banking, and international trade. It is also accepted in some neighboring regions and is actively traded in foreign exchange markets.
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).