Convert Chilean Unit of Account (UF) to Paraguayan Guarani
Please provide values below to convert Chilean Unit of Account (UF) [CLF] to Paraguayan Guarani [PYG], or Convert Paraguayan Guarani to Chilean Unit of Account (UF).
How to Convert Chilean Unit Of Account (Uf) to Paraguayan Guarani
1 CLF = 3.22453066501044e-06 PYG
Example: convert 15 CLF to PYG:
15 CLF = 15 × 3.22453066501044e-06 PYG = 4.83679599751565e-05 PYG
Chilean Unit Of Account (Uf) to Paraguayan Guarani Conversion Table
| Chilean Unit of Account (UF) | Paraguayan Guarani |
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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).
Paraguayan Guarani
The Paraguayan Guarani (PYG) is the official currency of Paraguay, used for all monetary transactions within the country.
History/Origin
The Guarani was introduced in 1943, replacing the peso at a rate of 1 Guarani = 1 peso, and has undergone various redenominations and reforms since then to stabilize the economy.
Current Use
Today, the Guarani remains the national currency of Paraguay, widely used in everyday commerce, banking, and financial transactions across the country.