Convert Chilean Unit of Account (UF) to Kazakhstani Tenge
Please provide values below to convert Chilean Unit of Account (UF) [CLF] to Kazakhstani Tenge [KZT], or Convert Kazakhstani Tenge to Chilean Unit of Account (UF).
How to Convert Chilean Unit Of Account (Uf) to Kazakhstani Tenge
1 CLF = 4.65076091969414e-05 KZT
Example: convert 15 CLF to KZT:
15 CLF = 15 × 4.65076091969414e-05 KZT = 0.000697614137954121 KZT
Chilean Unit Of Account (Uf) to Kazakhstani Tenge Conversion Table
| Chilean Unit of Account (UF) | Kazakhstani Tenge |
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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).
Kazakhstani Tenge
The Kazakhstani Tenge (KZT) is the official currency of Kazakhstan, used for all monetary transactions within the country.
History/Origin
Introduced in 1993 following Kazakhstan's independence from the Soviet Union, the Tenge replaced the Soviet ruble and has undergone various redenominations and reforms to stabilize the economy.
Current Use
The Tenge is actively used in Kazakhstan for everyday transactions, banking, and trade, and is managed by the National Bank of Kazakhstan. It features modern security features and is available in both cash and digital forms.