Convert Chilean Unit of Account (UF) to Australian Dollar
Please provide values below to convert Chilean Unit of Account (UF) [CLF] to Australian Dollar [AUD], or Convert Australian Dollar to Chilean Unit of Account (UF).
How to Convert Chilean Unit Of Account (Uf) to Australian Dollar
1 CLF = 0.0162620978289302 AUD
Example: convert 15 CLF to AUD:
15 CLF = 15 × 0.0162620978289302 AUD = 0.243931467433952 AUD
Chilean Unit Of Account (Uf) to Australian Dollar Conversion Table
| Chilean Unit of Account (UF) | Australian 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).
Australian Dollar
The Australian Dollar (AUD) is the official currency of Australia, used in its territories and some Pacific Island nations.
History/Origin
Introduced in 1966, replacing the Australian pound, the AUD was initially pegged to the British pound and later transitioned to a floating exchange rate system in 1983.
Current Use
The AUD is widely used in Australia and its territories, serving as a major currency in international trade and finance, and is one of the most traded currencies globally.