Convert Chilean Unit of Account (UF) to New Taiwan Dollar
Please provide values below to convert Chilean Unit of Account (UF) [CLF] to New Taiwan Dollar [TWD], or Convert New Taiwan Dollar to Chilean Unit of Account (UF).
How to Convert Chilean Unit Of Account (Uf) to New Taiwan Dollar
1 CLF = 0.000846858505022987 TWD
Example: convert 15 CLF to TWD:
15 CLF = 15 × 0.000846858505022987 TWD = 0.0127028775753448 TWD
Chilean Unit Of Account (Uf) to New Taiwan Dollar Conversion Table
| Chilean Unit of Account (UF) | New Taiwan Dollar |
|---|
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).
New Taiwan Dollar
The New Taiwan Dollar (TWD) is the official currency of Taiwan, used for everyday transactions and financial exchanges within the country.
History/Origin
The New Taiwan Dollar was introduced in 1949 to replace the Old Taiwan Dollar, stabilizing Taiwan's economy after World War II and subsequent political changes. It has undergone several reforms and devaluations over the decades to adapt to economic conditions.
Current Use
Today, the TWD is widely used in Taiwan for all monetary transactions, including retail, banking, and international trade. It is also accepted in some neighboring regions and is actively traded in foreign exchange markets.