Convert Chilean Unit of Account (UF) to Peruvian Nuevo Sol
Please provide values below to convert Chilean Unit of Account (UF) [CLF] to Peruvian Nuevo Sol [PEN], or Convert Peruvian Nuevo Sol to Chilean Unit of Account (UF).
How to Convert Chilean Unit Of Account (Uf) to Peruvian Nuevo Sol
1 CLF = 0.00698990921100711 PEN
Example: convert 15 CLF to PEN:
15 CLF = 15 × 0.00698990921100711 PEN = 0.104848638165107 PEN
Chilean Unit Of Account (Uf) to Peruvian Nuevo Sol Conversion Table
| Chilean Unit of Account (UF) | Peruvian Nuevo Sol |
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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).
Peruvian Nuevo Sol
The Peruvian Nuevo Sol (PEN) is the official currency of Peru, used for all monetary transactions within the country.
History/Origin
Introduced in 1991 to replace the Peruvian Sol, the Nuevo Sol was established to stabilize the economy and control inflation. It has undergone several reforms and is now the stable currency of Peru.
Current Use
The Nuevo Sol is widely used in everyday transactions, banking, and financial markets in Peru. It is subdivided into 100 céntimos and remains the country's primary legal tender.