Convert Chilean Unit of Account (UF) to Canadian Dollar
Please provide values below to convert Chilean Unit of Account (UF) [CLF] to Canadian Dollar [CAD], or Convert Canadian Dollar to Chilean Unit of Account (UF).
How to Convert Chilean Unit Of Account (Uf) to Canadian Dollar
1 CLF = 0.0182517431192661 CAD
Example: convert 15 CLF to CAD:
15 CLF = 15 × 0.0182517431192661 CAD = 0.273776146788991 CAD
Chilean Unit Of Account (Uf) to Canadian Dollar Conversion Table
| Chilean Unit of Account (UF) | Canadian 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).
Canadian Dollar
The Canadian Dollar (CAD) is the official currency of Canada, used as the country's primary medium of exchange and store of value.
History/Origin
The Canadian Dollar was introduced in 1858, replacing the Canadian pound, and has since evolved into a stable currency, with its value influenced by Canada's economic policies and global markets.
Current Use
Today, the CAD is widely used in Canada for everyday transactions, international trade, and as a reserve currency, with its value fluctuating based on economic conditions and currency markets.