Knowledge

Unidad de Fomento

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revaluation according to the variations of inflation. Afterwards it was extended to all types of bank loans, private or special financing, purchases and investments on instalments, contracts, and some special situations. It is also used in legal standards such as the par value of stock and capitalization of companies, and fines.
178:
is constantly adjusted for inflation so that the purchasing power of the Unidad de Fomento remains almost constant on a daily basis during low inflation. It was created on 20 January 1967, for the use in determining the principal and interest in international secured loans for development, subject to
226:
has determined its value. The values of the CPI are officially kept by the Instituto Nacional de Estadísticas de Chile (National Statistics Institute of Chile). Historical values of the UF as of 31 December each year (unlike below, in Chile numbers are written with a decimal comma and a dot to
222:, the value of 1 UF was quoted in pesos and readjusted monthly. In July 1977 it was calculated daily by interpolation between the 10th of each month and the 9th of the following month, according to the monthly variation of the CPI. Since 1990 the 182:
It has become the preferred and predominant measure to determine the cost of real estate, values of housing and any secured loan, either private or of the Chilean government. Individual payments are made in
192: 218:(CPI) of the past three months, which would be the official rate for the following quarter. In October 1975 with the currency changeover to 191:), according to the daily value of the UF. A similar currency unit for use generally in payment of taxes, fines, or customs duty is the 726: 845: 820: 840: 742: 197: 764: 835: 790: 825: 737: 117: 731: 223: 771:
Shiller, Robert J. Indexed Units of Account: Theory and Assessment of Historical Experience
215: 8: 147: 44: 830: 712: 167: 69: 319: 248: 211: 814: 174:. It is a non-circulating currency; the exchange rate between the UF and the 315: 219: 188: 184: 175: 111: 210:
From its creation in 1967, each calendar quarter, the UF value of 100
770: 25: 746: 171: 98: 130: 759: 812: 760:Official historical and updated (UF) values 767:, Corrugated City (a blog), 3 August 2007 727:Constant Item Purchasing Power Accounting 205: 813: 202:(UTM) (literally: monthly tax unit). 734:, used in Brazil in the early 1990s. 13: 14: 857: 753: 91: 765:Inflation and the mysterious UF 745:, a similar instrument used in 783: 1: 846:Currencies introduced in 1967 821:Currencies with ISO 4217 code 776: 743:Unidad de Fomento de Vivienda 214:would be quoted based on the 16:Unit of account used in Chile 841:1967 establishments in Chile 7: 720: 10: 862: 710: 193:Unidad Tributaria Mensual 146: 141: 123: 109: 104: 86: 81: 68: 60: 55: 43: 31: 24: 738:Indexed unit of account 118:Banco Central de Chile 795:TheFreeDictionary.com 732:Unidade Real de Valor 227:separate thousands): 224:Central Bank of Chile 206:Calculation over time 216:Consumer Price Index 791:"Unidad de Fomento" 64:Unidades de Fomento 35:CLF (numeric: 21: 152:Inflation adjusted 19: 836:Business in Chile 718: 717: 160:Unidad de Fomento 156: 155: 20:Unidad de Fomento 853: 826:Finance in Chile 805: 804: 802: 801: 787: 230: 229: 201: 137: 134: 132: 126: 114: 97: 95: 94: 76: 51: 38: 22: 18: 861: 860: 856: 855: 854: 852: 851: 850: 811: 810: 809: 808: 799: 797: 789: 788: 784: 779: 756: 723: 239: 237: 212:Chilean escudos 208: 195: 187:(the country's 168:unit of account 129: 124: 110: 92: 90: 74: 49: 36: 17: 12: 11: 5: 859: 849: 848: 843: 838: 833: 828: 823: 807: 806: 781: 780: 778: 775: 774: 773: 768: 762: 755: 754:External links 752: 751: 750: 740: 735: 729: 722: 719: 716: 715: 708: 707: 704: 700: 699: 696: 692: 691: 688: 684: 683: 680: 676: 675: 672: 668: 667: 664: 660: 659: 656: 652: 651: 648: 644: 643: 640: 636: 635: 632: 628: 627: 624: 620: 619: 616: 612: 611: 608: 604: 603: 600: 596: 595: 592: 588: 587: 584: 580: 579: 576: 572: 571: 568: 564: 563: 560: 556: 555: 552: 548: 547: 544: 540: 539: 536: 532: 531: 528: 524: 523: 520: 516: 515: 512: 508: 507: 504: 500: 499: 496: 492: 491: 488: 484: 483: 480: 476: 475: 472: 468: 467: 464: 460: 459: 456: 452: 451: 448: 444: 443: 440: 436: 435: 432: 428: 427: 424: 420: 419: 416: 412: 411: 408: 404: 403: 400: 396: 395: 392: 388: 387: 384: 380: 379: 376: 372: 371: 368: 364: 363: 360: 356: 355: 352: 348: 347: 344: 340: 339: 336: 332: 331: 328: 324: 323: 313: 309: 308: 305: 301: 300: 297: 293: 292: 289: 285: 284: 281: 277: 276: 273: 269: 268: 265: 261: 260: 257: 253: 252: 246: 242: 241: 234: 207: 204: 154: 153: 150: 144: 143: 139: 138: 127: 125: Website 121: 120: 115: 107: 106: 102: 101: 88: 84: 83: 79: 78: 72: 66: 65: 62: 58: 57: 53: 52: 47: 41: 40: 33: 29: 28: 15: 9: 6: 4: 3: 2: 858: 847: 844: 842: 839: 837: 834: 832: 829: 827: 824: 822: 819: 818: 816: 796: 792: 786: 782: 772: 769: 766: 763: 761: 758: 757: 748: 744: 741: 739: 736: 733: 730: 728: 725: 724: 714: 709: 705: 702: 701: 697: 694: 693: 689: 686: 685: 681: 678: 677: 673: 670: 669: 665: 662: 661: 657: 654: 653: 649: 646: 645: 641: 638: 637: 633: 630: 629: 625: 622: 621: 617: 614: 613: 609: 606: 605: 601: 598: 597: 593: 590: 589: 585: 582: 581: 577: 574: 573: 569: 566: 565: 561: 558: 557: 553: 550: 549: 545: 542: 541: 537: 534: 533: 529: 526: 525: 521: 518: 517: 513: 510: 509: 505: 502: 501: 497: 494: 493: 489: 486: 485: 481: 478: 477: 473: 470: 469: 465: 462: 461: 457: 454: 453: 449: 446: 445: 441: 438: 437: 433: 430: 429: 425: 422: 421: 417: 414: 413: 409: 406: 405: 401: 398: 397: 393: 390: 389: 385: 382: 381: 377: 374: 373: 369: 366: 365: 361: 358: 357: 353: 350: 349: 345: 342: 341: 337: 334: 333: 329: 326: 325: 321: 317: 314: 311: 310: 307:Eº 15,887.00 306: 303: 302: 298: 295: 294: 290: 287: 286: 282: 279: 278: 274: 271: 270: 266: 263: 262: 258: 255: 254: 250: 247: 244: 243: 240:escudos (Eº) 238:Pesos ($ ) or 235: 232: 231: 228: 225: 221: 217: 213: 203: 199: 194: 190: 186: 185:Chilean pesos 180: 177: 173: 169: 165: 161: 151: 149: 145: 140: 136: 128: 122: 119: 116: 113: 108: 103: 100: 89: 85: 80: 73: 71: 67: 63: 59: 54: 48: 46: 42: 34: 30: 27: 23: 798:. Retrieved 794: 785: 706:$ 36,789.36 698:$ 35,110.98 690:$ 30,991.74 682:$ 29,070.33 674:$ 28,309.94 666:$ 27,565.79 658:$ 26,798.14 650:$ 26,347.98 642:$ 25,629.09 634:$ 24,627.10 626:$ 23,309.56 618:$ 22,840.75 610:$ 22,294.03 602:$ 21,455.55 594:$ 20,942.88 586:$ 21,452.57 578:$ 19,622.66 570:$ 18,336.38 562:$ 17,974.81 554:$ 17,317.05 546:$ 16,920.00 538:$ 16,744.12 530:$ 16,262.66 522:$ 15,769.92 514:$ 15,066.96 506:$ 14,685.39 498:$ 14,096.93 490:$ 13,280.48 482:$ 12,482.81 474:$ 11,533.17 466:$ 10,623.13 299:Eº 2,155.11 209: 189:legal tender 181: 176:Chilean peso 163: 159: 157: 112:Central bank 82:Demographics 458:$ 9,423.57 450:$ 8,286.27 442:$ 7,043.38 434:$ 5,432.32 426:$ 4,484.39 418:$ 4,044.03 410:$ 3,298.77 402:$ 2,818.39 394:$ 2,230.05 386:$ 1,824.03 378:$ 1,464.67 370:$ 1,232.25 362:$ 1,103.61 196: [ 815:Categories 800:2021-03-24 777:References 291:Eº 533.92 283:Eº 301.24 275:Eº 256.67 267:Eº 194.40 259:Eº 148.17 354:$ 842.14 346:$ 613.37 338:$ 462.58 330:$ 275.78 148:Inflation 142:Valuation 133:.bcentral 831:Currency 721:See also 711:Source: 322:94,700) 170:used in 105:Issuance 26:ISO 4217 747:Bolivia 318:94.70 ( 251:115.38 166:) is a 87:User(s) 77:‎ 45:Subunit 96:  70:Symbol 61:Plural 50:0.0001 236:Value 233:Year 220:pesos 200:] 172:Chile 99:Chile 703:2023 695:2022 687:2021 679:2020 671:2019 663:2018 655:2017 647:2016 639:2015 631:2014 623:2013 615:2012 607:2011 599:2010 591:2009 583:2008 575:2007 567:2006 559:2005 551:2004 543:2003 535:2002 527:2001 519:2000 511:1999 503:1998 495:1997 487:1996 479:1995 471:1994 463:1993 455:1992 447:1991 439:1990 431:1989 423:1988 415:1987 407:1986 399:1985 391:1984 383:1983 375:1982 367:1981 359:1980 351:1979 343:1978 335:1977 327:1976 312:1975 304:1974 296:1973 288:1972 280:1971 272:1970 264:1969 256:1968 245:1967 158:The 56:Unit 32:Code 713:SII 135:.cl 131:www 37:990 817:: 793:. 320:Eº 316:$ 249:Eº 198:es 164:UF 75:UF 803:. 749:. 162:( 39:)

Index

ISO 4217
Subunit
Symbol
Chile
Central bank
Banco Central de Chile
www.bcentral.cl
Inflation
unit of account
Chile
Chilean peso
Chilean pesos
legal tender
Unidad Tributaria Mensual
es
Chilean escudos
Consumer Price Index
pesos
Central Bank of Chile

$

SII
Constant Item Purchasing Power Accounting
Unidade Real de Valor
Indexed unit of account
Unidad de Fomento de Vivienda
Bolivia
Official historical and updated (UF) values
Inflation and the mysterious UF

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