Usd Converter
Convert Usd to Bmd 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 '$' and is one of the most traded currencies globally, often used as a benchmark for other currencies. Its value is influenced by various factors including economic indicators, interest rates, and geopolitical stability. As a fiat currency, the USD is not backed by a physical commodity but rather the trust in the U.S. government and economy, making it a crucial component of the global financial system, utilized in both domestic and international transactions.
Current Use
The U.S. dollar is not only the official currency of the United States but also plays a dominant role in the global economy. As the primary reserve currency held by many countries, it is used in international transactions, trade agreements, and as a benchmark for other currencies. The dollar is widely accepted for transactions in various sectors such as finance, trade, and tourism, making it a preferred currency for global commerce. It is commonly used in international markets for commodities such as oil and gold, and many countries peg their local currencies to the dollar to stabilize their economies. The dollar is also utilized in remittances, with millions of people sending money across borders in USD.
Fun Fact
The U.S. dollar is the most widely used currency for global trade.
Brunei DollarBMD
Target UnitThe Brunei Dollar (BMD) is the official currency of Brunei, introduced in 1986, and is represented by the symbol 'B$'. It is subdivided into 100 cents and is pegged to the Singapore Dollar (SGD) at par, meaning that 1 BMD is equivalent to 1 SGD. The currency is issued by the Monetary Authority of Brunei Darussalam and is used throughout the country for all monetary transactions. The Brunei Dollar is not only legal tender in Brunei but can also be used interchangeably with the Singapore Dollar, making it a unique currency in Southeast Asia. Its stability and peg to the SGD contribute to its acceptance and reliability in both domestic and international markets.
Current Use
The Brunei Dollar is the primary currency used for all transactions within Brunei, serving as the backbone of the nation’s economy. It is utilized in various sectors including retail, services, and government transactions. The currency's stability is crucial for international trade, especially in the oil and gas industry, which is a significant part of Brunei’s economy. As the nation continues to diversify its economy, the BMD remains a reliable medium of exchange. While it is primarily used in Brunei, the currency's interchangeability with the Singapore Dollar makes it convenient for businesses operating in both countries. Internationally, the Brunei Dollar is recognized and can be exchanged in several foreign exchange markets, although it is less commonly traded compared to more widely used currencies like the US Dollar or Euro.
Fun Fact
Brunei Dollar notes feature images of the Sultan of Brunei, reflecting the nation's monarchy.
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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
Brunei Dollar
currency • Non-SI
Definition
The Brunei Dollar (BMD) is the official currency of Brunei, introduced in 1986, and is represented by the symbol 'B$'. It is subdivided into 100 cents and is pegged to the Singapore Dollar (SGD) at par, meaning that 1 BMD is equivalent to 1 SGD. The currency is issued by the Monetary Authority of Brunei Darussalam and is used throughout the country for all monetary transactions. The Brunei Dollar is not only legal tender in Brunei but can also be used interchangeably with the Singapore Dollar, making it a unique currency in Southeast Asia. Its stability and peg to the SGD contribute to its acceptance and reliability in both domestic and international markets.
History & Origin
The Brunei Dollar was introduced on 1 January 1986, replacing the Brunei dollar notes that were issued in 1967 and the Malaya and British Borneo dollar. The decision to introduce its own currency was part of Brunei's efforts to establish a distinct economic identity following its independence from the United Kingdom in 1984. The BMD was designed to reflect Brunei's national sovereignty and to facilitate its economic activities. The currency is closely tied to the Bruneian economy, which is heavily reliant on oil and gas exports that provide significant revenue for the nation.
Etymology: The term 'dollar' is derived from the Spanish 'dólar', which refers to a coin made of silver known as the 'thaler'. This term has been used to denote various currencies around the world, including the US dollar and Canadian dollar.
Current Use
The Brunei Dollar is the primary currency used for all transactions within Brunei, serving as the backbone of the nation’s economy. It is utilized in various sectors including retail, services, and government transactions. The currency's stability is crucial for international trade, especially in the oil and gas industry, which is a significant part of Brunei’s economy. As the nation continues to diversify its economy, the BMD remains a reliable medium of exchange. While it is primarily used in Brunei, the currency's interchangeability with the Singapore Dollar makes it convenient for businesses operating in both countries. Internationally, the Brunei Dollar is recognized and can be exchanged in several foreign exchange markets, although it is less commonly traded compared to more widely used currencies like the US Dollar or Euro.
💡 Fun Facts
- •Brunei Dollar notes feature images of the Sultan of Brunei, reflecting the nation's monarchy.
- •The BMD is pegged to the Singapore Dollar, which helps maintain its stability.
- •Brunei's wealth from oil and gas allows it to have one of the highest GDP per capita in the world.
📏 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.