Convert Chilean Unit of Account (UF) to Colombian Peso
Please provide values below to convert Chilean Unit of Account (UF) [CLF] to Colombian Peso [COP], or Convert Colombian Peso to Chilean Unit of Account (UF).
How to Convert Chilean Unit Of Account (Uf) to Colombian Peso
1 CLF = 6.16853872606033e-06 COP
Example: convert 15 CLF to COP:
15 CLF = 15 × 6.16853872606033e-06 COP = 9.25280808909049e-05 COP
Chilean Unit Of Account (Uf) to Colombian Peso Conversion Table
| Chilean Unit of Account (UF) | Colombian Peso |
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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).
Colombian Peso
The Colombian Peso (COP) is the official currency of Colombia, used for all monetary transactions within the country.
History/Origin
The Colombian Peso was introduced in 1810, replacing the real, and has undergone various reforms and redenominations over the years to stabilize the economy and modernize the currency system.
Current Use
Today, the COP is widely used in Colombia for everyday transactions, banking, and international trade, with coins and banknotes issued by the Banco de la República.