Convert Chilean Unit of Account (UF) to Malagasy Ariary
Please provide values below to convert Chilean Unit of Account (UF) [CLF] to Malagasy Ariary [MGA], or Convert Malagasy Ariary to Chilean Unit of Account (UF).
How to Convert Chilean Unit Of Account (Uf) to Malagasy Ariary
1 CLF = 5.61573529571833e-06 MGA
Example: convert 15 CLF to MGA:
15 CLF = 15 × 5.61573529571833e-06 MGA = 8.42360294357749e-05 MGA
Chilean Unit Of Account (Uf) to Malagasy Ariary Conversion Table
| Chilean Unit of Account (UF) | Malagasy Ariary |
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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).
Malagasy Ariary
The Malagasy Ariary (MGA) is the official currency of Madagascar, used for all monetary transactions within the country.
History/Origin
The Ariary was introduced in 1961, replacing the Malagasy franc, and was initially pegged to the French franc. It was revalued in 2005, establishing the current decimal system and modernizing the currency.
Current Use
The MGA is actively used as Madagascar's legal tender, with coins and banknotes circulating throughout the country for everyday transactions and commerce.