Convert Chilean Unit of Account (UF) to Qatari Rial
Please provide values below to convert Chilean Unit of Account (UF) [CLF] to Qatari Rial [QAR], or Convert Qatari Rial to Chilean Unit of Account (UF).
How to Convert Chilean Unit Of Account (Uf) to Qatari Rial
1 CLF = 0.00683186813186813 QAR
Example: convert 15 CLF to QAR:
15 CLF = 15 × 0.00683186813186813 QAR = 0.102478021978022 QAR
Chilean Unit Of Account (Uf) to Qatari Rial Conversion Table
| Chilean Unit of Account (UF) | Qatari Rial |
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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).
Qatari Rial
The Qatari Rial (QAR) is the official currency of Qatar, used for all monetary transactions within the country.
History/Origin
The Qatari Rial was introduced in the 1960s, replacing the Indian Rupee, and has undergone various redenominations and stability measures to establish its value.
Current Use
The Qatari Rial is widely used in Qatar for everyday transactions, banking, and international trade, and is pegged to a basket of currencies with a fixed exchange rate to the US dollar.