Usd Converter
Convert Usd to Bsd 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 '$' and is one of the most traded currencies globally, often used as a benchmark for other currencies. Its value is influenced by various factors including economic indicators, interest rates, and geopolitical stability. As a fiat currency, the USD is not backed by a physical commodity but rather the trust in the U.S. government and economy, making it a crucial component of the global financial system, utilized in both domestic and international transactions.
Current Use
The U.S. dollar is not only the official currency of the United States but also plays a dominant role in the global economy. As the primary reserve currency held by many countries, it is used in international transactions, trade agreements, and as a benchmark for other currencies. The dollar is widely accepted for transactions in various sectors such as finance, trade, and tourism, making it a preferred currency for global commerce. It is commonly used in international markets for commodities such as oil and gold, and many countries peg their local currencies to the dollar to stabilize their economies. The dollar is also utilized in remittances, with millions of people sending money across borders in USD.
Fun Fact
The U.S. dollar is the most widely used currency for global trade.
Bermudian DollarBD$
Target UnitThe Bermudian Dollar (BSD) is the official currency of Bermuda, introduced in 1970 and pegged at par to the U.S. Dollar (USD). It is subdivided into 100 cents and is denoted by the symbol BD$. The BSD is used for all transactions within Bermuda, including goods, services, and tourism. The currency is widely accepted across the island and features colorful banknotes and coins, which depict notable figures and landmarks of Bermuda. The Bermuda Monetary Authority regulates the issuance and circulation of the BSD, ensuring its stability and reliability as a medium of exchange. Due to its pegged nature to the USD, the BSD maintains a stable exchange rate, making it a convenient currency for both locals and tourists.
Current Use
The Bermudian Dollar is the primary currency used in Bermuda, essential for everyday transactions among residents and tourists alike. It is accepted for all types of purchases, including dining, shopping, and accommodations, making it vital for the island's tourism-dependent economy. The BSD also plays a significant role in business transactions, financial services, and international trade. Many banks and financial institutions in Bermuda offer services in BSD, ensuring that businesses and individuals can conduct transactions smoothly. While the USD is also widely accepted in Bermuda, the use of BSD is encouraged, especially for local purchases, to support the economy. The BSD is a key part of Bermuda's identity, representing the island's economic stability and cultural heritage.
Fun Fact
The Bermudian Dollar is pegged to the U.S. Dollar at a 1:1 ratio, making it one of the most stable currencies in the world.
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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 (BSD) is the official currency of Bermuda, introduced in 1970 and pegged at par to the U.S. Dollar (USD). It is subdivided into 100 cents and is denoted by the symbol BD$. The BSD is used for all transactions within Bermuda, including goods, services, and tourism. The currency is widely accepted across the island and features colorful banknotes and coins, which depict notable figures and landmarks of Bermuda. The Bermuda Monetary Authority regulates the issuance and circulation of the BSD, ensuring its stability and reliability as a medium of exchange. Due to its pegged nature to the USD, the BSD maintains a stable exchange rate, making it a convenient currency for both locals and tourists.
History & Origin
The Bermudian Dollar was first introduced in 1970, replacing the Bermudian pound which had been in circulation since the 18th century. The transition to the BSD was part of an effort to modernize Bermuda's monetary system and establish a currency that could facilitate trade and tourism more effectively. The decision to peg the BSD to the USD was strategic, aiming to stabilize the economy and provide confidence to investors and travelers. This peg has allowed the BSD to maintain a consistent value in relation to the USD, which is especially important for a territory heavily reliant on tourism and international business.
Etymology: The term 'dollar' originates from the Spanish 'dólar', which itself is derived from the Thaler, a silver coin used in Europe. The name was adopted widely across various currencies, including the BSD.
Current Use
The Bermudian Dollar is the primary currency used in Bermuda, essential for everyday transactions among residents and tourists alike. It is accepted for all types of purchases, including dining, shopping, and accommodations, making it vital for the island's tourism-dependent economy. The BSD also plays a significant role in business transactions, financial services, and international trade. Many banks and financial institutions in Bermuda offer services in BSD, ensuring that businesses and individuals can conduct transactions smoothly. While the USD is also widely accepted in Bermuda, the use of BSD is encouraged, especially for local purchases, to support the economy. The BSD is a key part of Bermuda's identity, representing the island's economic stability and cultural heritage.
💡 Fun Facts
- •The Bermudian Dollar is pegged to the U.S. Dollar at a 1:1 ratio, making it one of the most stable currencies in the world.
- •Bermuda is known for its pink sand beaches, which are often depicted on its currency.
- •Bermudians use the BSD not only for local purchases but also for online transactions with international businesses.
📏 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.