Convert Chilean Unit of Account (UF) to Japanese Yen
Please provide values below to convert Chilean Unit of Account (UF) [CLF] to Japanese Yen [JPY], or Convert Japanese Yen to Chilean Unit of Account (UF).
How to Convert Chilean Unit Of Account (Uf) to Japanese Yen
1 CLF = 0.000169364549223871 JPY
Example: convert 15 CLF to JPY:
15 CLF = 15 × 0.000169364549223871 JPY = 0.00254046823835806 JPY
Chilean Unit Of Account (Uf) to Japanese Yen Conversion Table
| Chilean Unit of Account (UF) | Japanese Yen |
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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).
Japanese Yen
The Japanese Yen (JPY) is the official currency of Japan, used as the country's primary medium of exchange.
History/Origin
Introduced in 1871 during the Meiji Restoration, the Yen replaced the previous complex monetary system and has undergone various reforms, including decimalization in 1954, to modernize Japan's currency system.
Current Use
The Yen is widely used in Japan for everyday transactions, banking, and international trade, and is one of the most traded currencies globally.