Usd Converter
Convert Usd to Cad 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 '$' and is one of the most traded currencies globally, often used as a benchmark for other currencies. Its value is influenced by various factors including economic indicators, interest rates, and geopolitical stability. As a fiat currency, the USD is not backed by a physical commodity but rather the trust in the U.S. government and economy, making it a crucial component of the global financial system, utilized in both domestic and international transactions.
Current Use
The U.S. dollar is not only the official currency of the United States but also plays a dominant role in the global economy. As the primary reserve currency held by many countries, it is used in international transactions, trade agreements, and as a benchmark for other currencies. The dollar is widely accepted for transactions in various sectors such as finance, trade, and tourism, making it a preferred currency for global commerce. It is commonly used in international markets for commodities such as oil and gold, and many countries peg their local currencies to the dollar to stabilize their economies. The dollar is also utilized in remittances, with millions of people sending money across borders in USD.
Fun Fact
The U.S. dollar is the most widely used currency for global trade.
Canadian DollarCAD
Target UnitThe Canadian dollar (CAD) is the official currency of Canada, established as a decimal currency in 1871. It is subdivided into 100 cents and is denoted by the dollar sign '$' or 'CAD' when clarity is required. The currency is issued by the Bank of Canada and is used for all monetary transactions within the country. The CAD is a fiat currency, meaning its value is not based on physical commodities but rather the trust in the government and economy of Canada. The value of the CAD can fluctuate against other currencies based on economic conditions, trade balances, and interest rates.
Current Use
Today, the Canadian dollar is widely used for all types of transactions in Canada, including retail, services, and international trade. It is one of the most traded currencies in the world and is commonly used as a reserve currency. The CAD is also pegged to the performance of commodities, particularly oil, given Canada's status as a major oil producer.
Fun Fact
The CAD is often referred to as the 'loonie' because of the image of a common loon on the one-dollar coin.
Convert US Dollar to Canadian Dollar
Converting US Dollar to Canadian Dollar is essential for international finance and travel. Our tool updates continuously to provide the best data.
Multiplies the amount in US Dollar by the current exchange rate.
US Dollar
Definition
The official currency of the United States.
Origins & History
Established in 1792.
Canadian Dollar
Definition
The official currency of Canada.
Origins & History
Introduced in 1858.
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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
Canadian Dollar
currency • Non-SI
Definition
The Canadian dollar (CAD) is the official currency of Canada, established as a decimal currency in 1871. It is subdivided into 100 cents and is denoted by the dollar sign '$' or 'CAD' when clarity is required. The currency is issued by the Bank of Canada and is used for all monetary transactions within the country. The CAD is a fiat currency, meaning its value is not based on physical commodities but rather the trust in the government and economy of Canada. The value of the CAD can fluctuate against other currencies based on economic conditions, trade balances, and interest rates.
History & Origin
The Canadian dollar was introduced in 1871, replacing the Canadian pound at par. The shift to a decimal system was part of an effort to standardize currency across Canada, as various regions were using different forms of currency. The dollar was modeled after the U.S. dollar, which had been established earlier, and aimed to simplify transactions and accounting.
Etymology: The term 'dollar' derives from the Spanish 'peso de a ocho', also known as 'Spanish dollar', which was widely used during the colonial period. The word 'Canada' itself originates from the St. Lawrence Iroquoian word 'kanata', meaning 'village' or 'settlement'.
Current Use
Today, the Canadian dollar is widely used for all types of transactions in Canada, including retail, services, and international trade. It is one of the most traded currencies in the world and is commonly used as a reserve currency. The CAD is also pegged to the performance of commodities, particularly oil, given Canada's status as a major oil producer.
💡 Fun Facts
- •The CAD is often referred to as the 'loonie' because of the image of a common loon on the one-dollar coin.
- •The Canadian dollar was one of the first currencies to feature a holographic strip for security.
- •The CAD is a popular currency for traders due to its stability and is often used as a proxy for commodity prices.
📏 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.