Convert Chilean Unit of Account (UF) to United Arab Emirates Dirham
Please provide values below to convert Chilean Unit of Account (UF) [CLF] to United Arab Emirates Dirham [AED], or Convert United Arab Emirates Dirham to Chilean Unit of Account (UF).
How to Convert Chilean Unit Of Account (Uf) to United Arab Emirates Dirham
1 CLF = 0.0067714091218516 AED
Example: convert 15 CLF to AED:
15 CLF = 15 × 0.0067714091218516 AED = 0.101571136827774 AED
Chilean Unit Of Account (Uf) to United Arab Emirates Dirham Conversion Table
| Chilean Unit of Account (UF) | United Arab Emirates Dirham |
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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 Arab Emirates Dirham
The United Arab Emirates Dirham (AED) is the official currency of the United Arab Emirates, used for all monetary transactions within the country.
History/Origin
The AED was introduced in 1973, replacing the Qatar and Dubai riyal at par, to unify the various currencies used in the emirates and establish a national monetary system.
Current Use
The AED is widely used across the UAE for everyday transactions, banking, and international trade, and is recognized as a stable and reliable currency in the region.