Convert Chilean Unit of Account (UF) to Brazilian Real
Please provide values below to convert Chilean Unit of Account (UF) [CLF] to Brazilian Real [BRL], or Convert Brazilian Real to Chilean Unit of Account (UF).
How to Convert Chilean Unit Of Account (Uf) to Brazilian Real
1 CLF = 0.00446703790192204 BRL
Example: convert 15 CLF to BRL:
15 CLF = 15 × 0.00446703790192204 BRL = 0.0670055685288306 BRL
Chilean Unit Of Account (Uf) to Brazilian Real Conversion Table
| Chilean Unit of Account (UF) | Brazilian Real |
|---|
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).
Brazilian Real
The Brazilian Real (BRL) is the official currency of Brazil, used for all monetary transactions within the country.
History/Origin
Introduced in 1994 to stabilize the Brazilian economy and curb hyperinflation, the Real replaced the Cruzeiro and has undergone several reforms and currency changes since its inception.
Current Use
The BRL is widely used in Brazil for everyday transactions, banking, and international trade, and is recognized as a stable currency in Latin America.