Usd Converter
Convert Usd to Cnh 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.
Chinese Yuan (Offshore)CNH
Target UnitThe Chinese Yuan (Offshore), denoted as CNH, is the currency of the People's Republic of China that is traded outside of mainland China. It is a variant of the onshore Chinese Yuan (CNY) and was introduced to facilitate international trade and investment while maintaining capital controls within mainland China. CNH is used primarily in financial transactions and trade settlements globally, which allows non-Chinese entities to invest in the Chinese market. The value of CNH can fluctuate freely in the international market, unlike CNY, which is subject to regulation by the People's Bank of China. The distinction between CNH and CNY is crucial for understanding the complexities of China's monetary policy and its integration into the global economy.
Current Use
CNH is predominantly used in international trade, particularly involving goods and services between China and other countries. It is accepted in various financial markets, allowing foreign investors access to China's rapidly growing economy. Countries such as the UK, Canada, Australia, and several Southeast Asian nations have adopted CNH in their trade agreements with China. The currency is commonly used in export-import transactions, enabling businesses to mitigate exchange rate risks. Furthermore, CNH is often utilized in cross-border financing and investment activities, providing a vital link between Chinese and international capital markets. Its use is expanding as more businesses and financial institutions recognize the advantages of conducting transactions in a currency that reflects China's economic power.
Fun Fact
CNH was introduced to promote the internationalization of the Yuan and facilitate foreign investments.
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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
Chinese Yuan (Offshore)
currency • Non-SI
Definition
The Chinese Yuan (Offshore), denoted as CNH, is the currency of the People's Republic of China that is traded outside of mainland China. It is a variant of the onshore Chinese Yuan (CNY) and was introduced to facilitate international trade and investment while maintaining capital controls within mainland China. CNH is used primarily in financial transactions and trade settlements globally, which allows non-Chinese entities to invest in the Chinese market. The value of CNH can fluctuate freely in the international market, unlike CNY, which is subject to regulation by the People's Bank of China. The distinction between CNH and CNY is crucial for understanding the complexities of China's monetary policy and its integration into the global economy.
History & Origin
The Chinese Yuan offshore (CNH) emerged in the early 2000s as China began to open its economy to foreign trade and investment. The need for an internationally recognized currency allowed businesses to operate without the restrictions imposed by domestic regulations. The first offshore trading center was established in Hong Kong in 2004, facilitating the use of CNH in global transactions. The growth of CNH was further accelerated by China's inclusion in the International Monetary Fund's Special Drawing Rights (SDR) basket in 2016, which highlighted its significance in global finance and trade.
Etymology: The term 'Yuan' translates to 'round' in Chinese, referring to the coin's shape.
Current Use
CNH is predominantly used in international trade, particularly involving goods and services between China and other countries. It is accepted in various financial markets, allowing foreign investors access to China's rapidly growing economy. Countries such as the UK, Canada, Australia, and several Southeast Asian nations have adopted CNH in their trade agreements with China. The currency is commonly used in export-import transactions, enabling businesses to mitigate exchange rate risks. Furthermore, CNH is often utilized in cross-border financing and investment activities, providing a vital link between Chinese and international capital markets. Its use is expanding as more businesses and financial institutions recognize the advantages of conducting transactions in a currency that reflects China's economic power.
💡 Fun Facts
- •CNH was introduced to promote the internationalization of the Yuan and facilitate foreign investments.
- •Hong Kong serves as the primary offshore market for trading CNH.
- •The CNH market is less regulated compared to its onshore counterpart, allowing for greater flexibility.
📏 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.