Convert Chilean Unit of Account (UF) to Swedish Krona
Please provide values below to convert Chilean Unit of Account (UF) [CLF] to Swedish Krona [SEK], or Convert Swedish Krona to Chilean Unit of Account (UF).
How to Convert Chilean Unit Of Account (Uf) to Swedish Krona
1 CLF = 0.00260553419318337 SEK
Example: convert 15 CLF to SEK:
15 CLF = 15 × 0.00260553419318337 SEK = 0.0390830128977505 SEK
Chilean Unit Of Account (Uf) to Swedish Krona Conversion Table
| Chilean Unit of Account (UF) | Swedish Krona |
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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).
Swedish Krona
The Swedish Krona (SEK) is the official currency of Sweden, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Swedish Krona was introduced in 1873, replacing the Riksdaler. It was initially pegged to gold and later transitioned to a floating exchange rate system. The currency has undergone various reforms, including decimalization in 1874 and modernization efforts in the 20th and 21st centuries.
Current Use
Today, the Swedish Krona is widely used across Sweden for all financial transactions, including cash, digital payments, and banking, and is recognized as a stable and integral part of the country's economy.