Convert Saudi Riyal to Chilean Unit of Account (UF)
Please provide values below to convert Saudi Riyal [SAR] to Chilean Unit of Account (UF) [CLF], or Convert Chilean Unit of Account (UF) to Saudi Riyal.
How to Convert Saudi Riyal to Chilean Unit Of Account (Uf)
1 SAR = 150.796203956892 CLF
Example: convert 15 SAR to CLF:
15 SAR = 15 × 150.796203956892 CLF = 2261.94305935339 CLF
Saudi Riyal to Chilean Unit Of Account (Uf) Conversion Table
| Saudi Riyal | Chilean Unit of Account (UF) |
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Saudi Riyal
The Saudi Riyal (SAR) is the official currency of Saudi Arabia, used for all monetary transactions within the country.
History/Origin
The Saudi Riyal was introduced in 1925, replacing the Indian Rupee, and has undergone various reforms, including decimalization in 1929. It is issued and regulated by the Saudi Central Bank.
Current Use
The SAR is widely used in Saudi Arabia for everyday transactions, banking, and international trade, and is pegged to the US dollar at a fixed rate.
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).