Usd Converter
Convert Usd to Egp 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.
Egyptian PoundEGP
Target UnitThe Egyptian Pound (EGP) is the official currency of the Arab Republic of Egypt, represented by the symbol 'ج.م' in Arabic and 'EGP' in Latin script. It is subdivided into 100 piastres, which are further divided into 1,000 milliemes. The currency is issued by the Central Bank of Egypt and has a rich history that reflects the economic changes in the country. The Egyptian Pound is a fiat currency, meaning its value is not backed by a physical commodity but is instead based on the trust of the issuing government. Over the years, the EGP has undergone several changes in its value, influenced by various economic factors including inflation and foreign exchange rates.
Current Use
Today, the Egyptian Pound (EGP) is widely used across Egypt for all forms of transactions, including retail purchases, services, and online transactions. The currency plays a crucial role in the Egyptian economy, impacting everything from inflation rates to international trade. It is also used in banking services and is available in various denominations, including coins and banknotes, to facilitate everyday transactions. Additionally, EGP is exchanged in foreign exchange markets, reflecting its value against other currencies.
Fun Fact
The Egyptian Pound was initially pegged to the British Pound Sterling when it was first introduced.
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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
Egyptian Pound
currency • Non-SI
Definition
The Egyptian Pound (EGP) is the official currency of the Arab Republic of Egypt, represented by the symbol 'ج.م' in Arabic and 'EGP' in Latin script. It is subdivided into 100 piastres, which are further divided into 1,000 milliemes. The currency is issued by the Central Bank of Egypt and has a rich history that reflects the economic changes in the country. The Egyptian Pound is a fiat currency, meaning its value is not backed by a physical commodity but is instead based on the trust of the issuing government. Over the years, the EGP has undergone several changes in its value, influenced by various economic factors including inflation and foreign exchange rates.
History & Origin
The Egyptian Pound has its origins in the Ottoman Empire, where it was first introduced in the late 19th century. Initially, it was based on the British Pound Sterling due to the British occupation of Egypt. The currency evolved as Egypt gained independence, with the first official banknotes issued in 1899. The introduction of the EGP as a distinct currency occurred in 1916, reflecting Egypt’s growing national identity and economic independence. Through various historical events, including wars and economic reforms, the EGP has seen numerous changes in its valuation and structure.
Etymology: The term 'pound' derives from the Latin word 'libra', which means 'scales' or 'balance', indicating weight and value.
Current Use
Today, the Egyptian Pound (EGP) is widely used across Egypt for all forms of transactions, including retail purchases, services, and online transactions. The currency plays a crucial role in the Egyptian economy, impacting everything from inflation rates to international trade. It is also used in banking services and is available in various denominations, including coins and banknotes, to facilitate everyday transactions. Additionally, EGP is exchanged in foreign exchange markets, reflecting its value against other currencies.
💡 Fun Facts
- •The Egyptian Pound was initially pegged to the British Pound Sterling when it was first introduced.
- •In 2016, the EGP was allowed to float, leading to a significant devaluation that changed its exchange rate with foreign currencies.
- •The currency features images of famous Egyptian landmarks and historical figures, including the Great Pyramid of Giza.
📏 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.