Convert Chilean Unit of Account (UF) to Rwandan Franc
Please provide values below to convert Chilean Unit of Account (UF) [CLF] to Rwandan Franc [RWF], or Convert Rwandan Franc to Chilean Unit of Account (UF).
How to Convert Chilean Unit Of Account (Uf) to Rwandan Franc
1 CLF = 1.71814871617645e-05 RWF
Example: convert 15 CLF to RWF:
15 CLF = 15 × 1.71814871617645e-05 RWF = 0.000257722307426468 RWF
Chilean Unit Of Account (Uf) to Rwandan Franc Conversion Table
| Chilean Unit of Account (UF) | Rwandan Franc |
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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).
Rwandan Franc
The Rwandan Franc (RWF) is the official currency of Rwanda, used for all monetary transactions within the country.
History/Origin
The Rwandan Franc was introduced in 1964, replacing the Rwandan Congolese franc, and has undergone various redenominations and updates since then to stabilize the economy and facilitate trade.
Current Use
Today, the Rwandan Franc is widely used in Rwanda for everyday transactions, banking, and trade, with coins and banknotes issued by the National Bank of Rwanda.