Convert Angolan Kwanza to Chilean Unit of Account (UF)
Please provide values below to convert Angolan Kwanza [AOA] to Chilean Unit of Account (UF) [CLF], or Convert Chilean Unit of Account (UF) to Angolan Kwanza.
How to Convert Angolan Kwanza to Chilean Unit Of Account (Uf)
1 AOA = 36975.2372526942 CLF
Example: convert 15 AOA to CLF:
15 AOA = 15 × 36975.2372526942 CLF = 554628.558790413 CLF
Angolan Kwanza to Chilean Unit Of Account (Uf) Conversion Table
| Angolan Kwanza | Chilean Unit of Account (UF) |
|---|
Angolan Kwanza
The Angolan Kwanza (AOA) is the official currency of Angola, used for all monetary transactions within the country.
History/Origin
The Kwanza was introduced in 1977, replacing the Angolan escudo after independence from Portugal. It has undergone several redenominations due to inflation and economic changes.
Current Use
The AOA is actively used as Angola's legal tender, with coins and banknotes circulating nationwide. It is managed by the National Bank of Angola.
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).