Convert Philippine Peso to Chilean Unit of Account (UF)
Please provide values below to convert Philippine Peso [PHP] to Chilean Unit of Account (UF) [CLF], or Convert Chilean Unit of Account (UF) to Philippine Peso.
How to Convert Philippine Peso to Chilean Unit Of Account (Uf)
1 PHP = 2289.78204921988 CLF
Example: convert 15 PHP to CLF:
15 PHP = 15 × 2289.78204921988 CLF = 34346.7307382982 CLF
Philippine Peso to Chilean Unit Of Account (Uf) Conversion Table
| Philippine Peso | Chilean Unit of Account (UF) |
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Philippine Peso
The Philippine Peso (PHP) is the official currency of the Philippines, used for all monetary transactions within the country.
History/Origin
The Philippine Peso was first introduced during the Spanish colonial period in the 16th century and has undergone various reforms and changes in design and denomination over the years, becoming the official currency of the Philippines in 1946 after independence.
Current Use
Today, the PHP is widely used in everyday transactions, banking, and commerce in the Philippines, and it is also traded in foreign exchange markets globally.
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).