Convert Norwegian Krone to Chilean Unit of Account (UF)
Please provide values below to convert Norwegian Krone [NOK] to Chilean Unit of Account (UF) [CLF], or Convert Chilean Unit of Account (UF) to Norwegian Krone.
How to Convert Norwegian Krone to Chilean Unit Of Account (Uf)
1 NOK = 406.618948045681 CLF
Example: convert 15 NOK to CLF:
15 NOK = 15 × 406.618948045681 CLF = 6099.28422068522 CLF
Norwegian Krone to Chilean Unit Of Account (Uf) Conversion Table
| Norwegian Krone | Chilean Unit of Account (UF) |
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Norwegian Krone
The Norwegian Krone (NOK) is the official currency of Norway, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Norwegian Krone was introduced in 1875, replacing the Norwegian Speciedaler, and has undergone various reforms, including decimalization in 1875 and decimal standardization in 1963. It has been Norway's official currency since then.
Current Use
The NOK is actively used in Norway for all financial transactions, including banking, commerce, and international trade. It is also traded on the foreign exchange market and is considered a stable currency within the region.
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).