Since 1990 the Central Bank of Chile has determined its value. Alternativamente, puede invertir en instrumentos de capitalizacin nacional e internacional, y en instrumentos derivados. El fondo debe mantener al menos el 70 de la inversin sobre el activo en UF y una duracin mxima de 3.650 das. 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. Ita Corpbanca - UF Plus: est orientado a una inversin de largo plazo, denominada en pesos.
In October 1975 with the currency changeover to pesos, the value of 1 UF was quoted in pesos and readjusted monthly. A similar currency unit for use generally in payment of taxes, fines, or customs duty is the Unidad Tributaria Mensual (UTM) (literally: monthly tax unit).įrom its creation in 1967, each calendar quarter, the UF value of 100 Chilean peso would be quoted based on the Consumer Price Index (CPI) of the past three months, which would be the official rate for the following quarter.
Individual payments are made in Chilean pesos (the country's legal tender), according to the daily value of the UF. 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. It is also used in legal standards such as the par value of stock and capitalization of companies, and fines. It was created on 20 January 1967, for the use in determining the principal and interest in international secured loans for development, subject to revaluation according to the variations of inflation. It is a non-circulating currency the exchange rate between the UF and the Chilean peso is constantly adjusted for inflation so that the value of the Unidad de Fomento remains almost constant on a daily basis during low inflation. The Unidad de Fomento ( UF) is a unit of account used in Chile. Vicente Zorrilla 100, La Serena, Coquimbo, Chile, La Serena. Unit of account used in Chile Unidad de Fomento
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