![]() That’s why the conversion rate can be calculated for some days into the future. The value of the UF expressed in pesos depends on the inflation rate of the preceding two inflation data points, so you can project forward the value of the UF until the next inflation data point becomes available. All banks and newspapers carry the conversion rate of the UF to the peso. ![]() Its value is calculated on a daily basis and is widely disseminated. Its use is deeply engrained in the Chilean economy. The UF is used not just for government bonds, but also for rents, house prices, long-term contracts, wages, services and big-ticket items. What’s remarkable is how widespread the use of the UF is. If you are interested in reading some more about the UF, see this blog post which has some interesting insights into the daily impact of the UF on Chileans. En ese caso, el valor del arriendo en UF se mantiene a lo largo del. 19,845.52 X 100 = 1,984,552 Chilean Pesos or almost $4500 US Dollars. La UF es una unidad de cuenta usada en Chile, reajustable de acuerdo con la inflacin. With that value in hand, you can use the exchange rate converter to see how much they are worth in US dollars or whichever currency you choose.įor example, today the Unidad de Fomento is worth 19,845.52 Chilean Pesos. You can view the daily value in Chilean Pesos of the Unidad de Fomento at valoruf.cl. It has become the preferred and predominant measure for determining the cost of construction, values of housing and any secured loan, either private or of the Chilean government. Also it is used in legal standards such as the par value of stock/capitalization of companies, fines, etc. Afterwards it was extended to all types of bank loans, private or special financing, purchases or investments on installments, contracts, and some special situations. ![]() It was created on January 20, 1967, for the use in determining principal and interest in international secured loans for development, subject to revaluation according to the variations of inflation. The exchange rate between the UF and the Chilean peso is constantly adjusted to inflation so that the value of the Unidad de Fomento remains constant. The Unidad de Fomento (UF) is a Unit of account that is used in Chile. You’re right about there being a UF in Chile. In Chile there is something called UF (Unidades de Fomento), but how do I convert, for example, 100 UF to Chilean Pesos and then to US Dollars?
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