Usd Converter
Convert Usd to Bnd 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 '$' and is one of the most traded currencies globally, often used as a benchmark for other currencies. Its value is influenced by various factors including economic indicators, interest rates, and geopolitical stability. As a fiat currency, the USD is not backed by a physical commodity but rather the trust in the U.S. government and economy, making it a crucial component of the global financial system, utilized in both domestic and international transactions.
Current Use
The U.S. dollar is not only the official currency of the United States but also plays a dominant role in the global economy. As the primary reserve currency held by many countries, it is used in international transactions, trade agreements, and as a benchmark for other currencies. The dollar is widely accepted for transactions in various sectors such as finance, trade, and tourism, making it a preferred currency for global commerce. It is commonly used in international markets for commodities such as oil and gold, and many countries peg their local currencies to the dollar to stabilize their economies. The dollar is also utilized in remittances, with millions of people sending money across borders in USD.
Fun Fact
The U.S. dollar is the most widely used currency for global trade.
Bermudian DollarBMD
Target UnitThe Bermudian Dollar (BMD) is the official currency of Bermuda and is abbreviated as BMD with the symbol '$'. It is subdivided into 100 cents, similar to the US Dollar, which it is pegged to at par. This means 1 BMD is equivalent to 1 USD, facilitating trade and tourism between the two regions. The BMD was introduced in 1970, replacing the Bermuda pound at a conversion rate of 1 BMD to 1.2 Bermuda pounds. The currency is managed by the Bermuda Monetary Authority (BMA), which oversees monetary policy, issuance, and financial regulation in the territory. The BMD is widely accepted in international transactions, particularly in the banking and tourism sectors.
Current Use
The Bermudian Dollar is widely used in Bermuda for all forms of transactions, including retail, tourism, and business operations. It is accepted throughout the islands, with many businesses displaying prices in both BMD and USD. The BMD's peg to the US Dollar means that it can also be used interchangeably with USD, making it convenient for tourists from the United States. In the financial sector, the BMD is utilized in banking, investment, and insurance services. The currency is also traded in foreign exchange markets, though it remains primarily a domestic currency. As of 2023, the BMD is recognized by various international organizations and is a stable currency in the Caribbean region, making it integral to Bermuda's economy.
Fun Fact
Bermuda has no natural currency printing facilities; all BMD notes are printed overseas.
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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
Bermudian Dollar
currency • Non-SI
Definition
The Bermudian Dollar (BMD) is the official currency of Bermuda and is abbreviated as BMD with the symbol '$'. It is subdivided into 100 cents, similar to the US Dollar, which it is pegged to at par. This means 1 BMD is equivalent to 1 USD, facilitating trade and tourism between the two regions. The BMD was introduced in 1970, replacing the Bermuda pound at a conversion rate of 1 BMD to 1.2 Bermuda pounds. The currency is managed by the Bermuda Monetary Authority (BMA), which oversees monetary policy, issuance, and financial regulation in the territory. The BMD is widely accepted in international transactions, particularly in the banking and tourism sectors.
History & Origin
The Bermudian Dollar was introduced in 1970 to replace the Bermuda pound, which had been the currency of Bermuda since British colonial rule began. The introduction of the BMD was part of a broader effort to modernize Bermuda's economy and align it with global financial systems. The currency was established to simplify transactions with the United States, where many Bermudian businesses relied on USD. The peg to the US Dollar was chosen to stabilize the BMD's value and encourage investment in Bermuda's burgeoning tourism and international business sectors.
Etymology: The term 'dollar' originates from the Spanish 'dólar', which is derived from 'thaler', a silver coin used in Europe during the 16th century.
Current Use
The Bermudian Dollar is widely used in Bermuda for all forms of transactions, including retail, tourism, and business operations. It is accepted throughout the islands, with many businesses displaying prices in both BMD and USD. The BMD's peg to the US Dollar means that it can also be used interchangeably with USD, making it convenient for tourists from the United States. In the financial sector, the BMD is utilized in banking, investment, and insurance services. The currency is also traded in foreign exchange markets, though it remains primarily a domestic currency. As of 2023, the BMD is recognized by various international organizations and is a stable currency in the Caribbean region, making it integral to Bermuda's economy.
💡 Fun Facts
- •Bermuda has no natural currency printing facilities; all BMD notes are printed overseas.
- •The Bermudian Dollar is one of the few currencies pegged directly to the US Dollar at a 1:1 exchange rate.
- •Bermuda is known for having one of the highest costs of living in the world, influencing the value of the BMD.
📏 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.