Convert Chilean Unit of Account (UF) to Icelandic Króna
Please provide values below to convert Chilean Unit of Account (UF) [CLF] to Icelandic Króna [ISK], or Convert Icelandic Króna to Chilean Unit of Account (UF).
How to Convert Chilean Unit Of Account (Uf) to Icelandic Króna
1 CLF = 0.000204319230311022 ISK
Example: convert 15 CLF to ISK:
15 CLF = 15 × 0.000204319230311022 ISK = 0.00306478845466534 ISK
Chilean Unit Of Account (Uf) to Icelandic Króna Conversion Table
| Chilean Unit of Account (UF) | Icelandic Króna |
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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).
Icelandic Króna
The Icelandic Króna (ISK) is the official currency of Iceland, used as the country's primary medium of exchange.
History/Origin
The Króna was introduced in 1981, replacing the Icelandic Krona at par, and has undergone various redenominations and reforms since its inception.
Current Use
The ISK is actively used in Iceland for all financial transactions, including cash, banking, and electronic payments, and is managed by the Central Bank of Iceland.