Convert Chilean Unit of Account (UF) to Guatemalan Quetzal
Please provide values below to convert Chilean Unit of Account (UF) [CLF] to Guatemalan Quetzal [GTQ], or Convert Guatemalan Quetzal to Chilean Unit of Account (UF).
How to Convert Chilean Unit Of Account (Uf) to Guatemalan Quetzal
1 CLF = 0.00324025694815433 GTQ
Example: convert 15 CLF to GTQ:
15 CLF = 15 × 0.00324025694815433 GTQ = 0.0486038542223149 GTQ
Chilean Unit Of Account (Uf) to Guatemalan Quetzal Conversion Table
| Chilean Unit of Account (UF) | Guatemalan Quetzal |
|---|
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).
Guatemalan Quetzal
The Guatemalan Quetzal (GTQ) is the official currency of Guatemala, used for all monetary transactions within the country.
History/Origin
The Quetzal was introduced as the official currency of Guatemala in 1925, replacing the Guatemalan peso. It was named after the quetzal bird, a symbol of liberty in Guatemala, and was initially pegged to the US dollar. The currency has undergone various reforms and decimalization since its inception.
Current Use
Today, the GTQ is widely used throughout Guatemala for everyday transactions, banking, and trade. It is managed by the Bank of Guatemala and remains the country's legal tender.