Convert Chilean Unit of Account (UF) to Mexican Peso
Please provide values below to convert Chilean Unit of Account (UF) [CLF] to Mexican Peso [MXN], or Convert Mexican Peso to Chilean Unit of Account (UF).
How to Convert Chilean Unit Of Account (Uf) to Mexican Peso
1 CLF = 0.00133381963291533 MXN
Example: convert 15 CLF to MXN:
15 CLF = 15 × 0.00133381963291533 MXN = 0.02000729449373 MXN
Chilean Unit Of Account (Uf) to Mexican Peso Conversion Table
| Chilean Unit of Account (UF) | Mexican Peso |
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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).
Mexican Peso
The Mexican Peso (MXN) is the official currency of Mexico, used for everyday transactions and financial exchanges within the country.
History/Origin
The Mexican Peso originated in the 19th century, evolving from the Spanish dollar and undergoing various reforms. It was decimalized in 1905 and has experienced multiple currency reforms, including the introduction of the current peso in 1993 to stabilize the economy.
Current Use
Today, the Mexican Peso is widely used in Mexico for all forms of payment, both cash and electronic, and is one of the most traded currencies in Latin America.