Usd Converter
Convert Usd to Bgn and more • 166 conversions
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Unit Explanations
United States Dollar$
Source UnitThe United States Dollar (USD) is the official currency of the United States, recognized as a legal tender in various territories and widely accepted internationally. It is subdivided into 100 smaller units called cents. The dollar is denoted by the symbol '$' and is one of the most traded currencies globally, often used as a benchmark for other currencies. Its value is influenced by various factors including economic indicators, interest rates, and geopolitical stability. As a fiat currency, the USD is not backed by a physical commodity but rather the trust in the U.S. government and economy, making it a crucial component of the global financial system, utilized in both domestic and international transactions.
Current Use
The U.S. dollar is not only the official currency of the United States but also plays a dominant role in the global economy. As the primary reserve currency held by many countries, it is used in international transactions, trade agreements, and as a benchmark for other currencies. The dollar is widely accepted for transactions in various sectors such as finance, trade, and tourism, making it a preferred currency for global commerce. It is commonly used in international markets for commodities such as oil and gold, and many countries peg their local currencies to the dollar to stabilize their economies. The dollar is also utilized in remittances, with millions of people sending money across borders in USD.
Fun Fact
The U.S. dollar is the most widely used currency for global trade.
Bulgarian LevBGN
Target UnitThe Bulgarian Lev (BGN) is the official currency of Bulgaria, subdivided into 100 stotinki. The currency was first introduced in 1881 and has undergone several reforms since its inception. The lev is issued by the Bulgarian National Bank and is used for all financial transactions in the country. The currency has a fixed exchange rate to the Euro, which has stabilized its value in the European market. BGN is symbolized as 'лв' in Cyrillic and is a key component in Bulgaria's economic infrastructure.
Current Use
The Bulgarian Lev is currently used as the official currency in Bulgaria for all transactions. It is accepted in retail, banking, and online transactions throughout the country. The BGN plays a critical role in the Bulgarian economy, influencing inflation rates, foreign investment, and trade. As Bulgaria is a member of the European Union, there are discussions about transitioning to the Euro in the future, though the BGN remains the legal tender until such a decision is made.
Fun Fact
The Bulgarian Lev was initially pegged to the gold standard.
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📐Conversion Formula
= × 1.00000How to Convert
To convert to , multiply the value by 1.00000. This conversion factor represents the ratio between these two units.
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💡 Pro Tip: For the reverse conversion ( → ), divide by the conversion factor instead of multiplying.
United States Dollar
currency • Non-SI
Definition
The United States Dollar (USD) is the official currency of the United States, recognized as a legal tender in various territories and widely accepted internationally. It is subdivided into 100 smaller units called cents. The dollar is denoted by the symbol '$' and is one of the most traded currencies globally, often used as a benchmark for other currencies. Its value is influenced by various factors including economic indicators, interest rates, and geopolitical stability. As a fiat currency, the USD is not backed by a physical commodity but rather the trust in the U.S. government and economy, making it a crucial component of the global financial system, utilized in both domestic and international transactions.
History & Origin
The United States Dollar has its origins in the Spanish dollar, which was widely used in the Americas during the colonial period. The first official dollar was issued by the Continental Congress in 1775 during the American Revolutionary War. The Coinage Act of 1792 established the U.S. dollar as the country's standard unit of money, allowing for the production of coins in various denominations. The dollar was initially defined in terms of specific weights of silver and gold, reflecting the bimetallic standard prevalent at the time, leading to the establishment of the U.S. Mint for the purpose of producing coinage.
Etymology: The term 'dollar' comes from the German word 'Thaler', which referred to a silver coin that was minted in the 16th century.
Current Use
The U.S. dollar is not only the official currency of the United States but also plays a dominant role in the global economy. As the primary reserve currency held by many countries, it is used in international transactions, trade agreements, and as a benchmark for other currencies. The dollar is widely accepted for transactions in various sectors such as finance, trade, and tourism, making it a preferred currency for global commerce. It is commonly used in international markets for commodities such as oil and gold, and many countries peg their local currencies to the dollar to stabilize their economies. The dollar is also utilized in remittances, with millions of people sending money across borders in USD.
💡 Fun Facts
- •The U.S. dollar is the most widely used currency for global trade.
- •More than 60% of all foreign exchange reserves are held in USD.
- •The design of the dollar bill has not changed significantly since 1929.
📏 Real-World Examples
🔗 Related Units
Bulgarian Lev
currency • Non-SI
Definition
The Bulgarian Lev (BGN) is the official currency of Bulgaria, subdivided into 100 stotinki. The currency was first introduced in 1881 and has undergone several reforms since its inception. The lev is issued by the Bulgarian National Bank and is used for all financial transactions in the country. The currency has a fixed exchange rate to the Euro, which has stabilized its value in the European market. BGN is symbolized as 'лв' in Cyrillic and is a key component in Bulgaria's economic infrastructure.
History & Origin
The origin of the Bulgarian Lev can be traced back to the 9th century when the first Bulgarian coinage was established. The name 'lev' is derived from the Latin word 'lion', reflecting the historical significance of the lion as a symbol of strength. The first modern currency, introduced in 1881, was pegged to the gold standard. Over time, Bulgaria experienced several changes in its monetary system, including the introduction of a paper currency in 1947 and a transition to a currency board system in 1997, which helped to stabilize the economy.
Etymology: The term 'lev' originates from the Old Bulgarian word for 'lion', reflecting its historical and cultural significance in Bulgarian society.
Current Use
The Bulgarian Lev is currently used as the official currency in Bulgaria for all transactions. It is accepted in retail, banking, and online transactions throughout the country. The BGN plays a critical role in the Bulgarian economy, influencing inflation rates, foreign investment, and trade. As Bulgaria is a member of the European Union, there are discussions about transitioning to the Euro in the future, though the BGN remains the legal tender until such a decision is made.
💡 Fun Facts
- •The Bulgarian Lev was initially pegged to the gold standard.
- •The currency board established in 1997 helped to stabilize the Lev after severe hyperinflation.
- •The symbol 'лв' is derived from the word 'lev' and is used in financial and banking contexts.
📏 Real-World Examples
🔗 Related Units
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Frequently Asked Questions
How do I convert to ?▼
To convert to , multiply your value by 1. For example, 10 equals 10 .
What is the formula for to conversion?▼
The formula is: = × 1. This conversion factor is based on international standards.
Is this to converter accurate?▼
Yes! MetricConv uses internationally standardized conversion factors from organizations like NIST and ISO. Our calculations support up to 15 decimal places of precision, making it suitable for scientific, engineering, and everyday calculations.
Can I convert back to ?▼
Absolutely! You can use the swap button (⇄) in the converter above to reverse the conversion direction, or visit our to converter.