Convert Czech Republic Koruna to Chilean Unit of Account (UF)
Please provide values below to convert Czech Republic Koruna [CZK] to Chilean Unit of Account (UF) [CLF], or Convert Chilean Unit of Account (UF) to Czech Republic Koruna.
How to Convert Czech Republic Koruna to Chilean Unit Of Account (Uf)
1 CZK = 844.338105195432 CLF
Example: convert 15 CZK to CLF:
15 CZK = 15 × 844.338105195432 CLF = 12665.0715779315 CLF
Czech Republic Koruna to Chilean Unit Of Account (Uf) Conversion Table
| Czech Republic Koruna | Chilean Unit of Account (UF) |
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Czech Republic Koruna
The Czech Republic Koruna (CZK) is the official currency of the Czech Republic, used for all monetary transactions within the country.
History/Origin
The Koruna was introduced in 1993 following the dissolution of Czechoslovakia, replacing the Czechoslovak koruna at par. It has undergone various reforms and decimalization over the years.
Current Use
The CZK is widely used in everyday transactions, banking, and international trade within the Czech Republic. It is also accepted in some neighboring regions and is actively traded on the foreign exchange market.
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).