Usd Converter
Convert Usd to Gel 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.
GelGEL
Target UnitThe Georgian Lari (GEL) serves as the official currency of Georgia, introduced on January 1, 1995, replacing the previous currency, the coupon. The Lari is subdivided into 100 tetri and is issued in both coins and banknotes. The currency plays a crucial role in the economy of Georgia, representing its monetary policy and financial stability. The symbol GEL is commonly used in financial transactions, banking, and trade. The central bank, the National Bank of Georgia, is responsible for issuing the currency, regulating its supply, and maintaining its value against foreign currencies. The Lari has experienced fluctuations but is essential for domestic and international economic activities within the country.
Current Use
The Georgian Lari is widely used in Georgia for all types of transactions, ranging from everyday purchases to large business deals. Its acceptance extends to various sectors including retail, services, and banking. The Lari is also used in the tourism industry, where international visitors convert their foreign currency into Lari to facilitate their expenditures. The Lari's value is often influenced by external factors such as trade balances, remittances, and foreign investments, making it a focal point for economic analysis. In recent years, the Lari has seen increased use in electronic banking and mobile payment systems, reflecting global trends in financial technology. Moreover, the Lari's exchange rate is monitored closely by analysts and investors, as it provides insights into the economic health of Georgia and its integration into the global market.
Fun Fact
The Lari's symbol, GEL, is derived from the currency's name and is used in all financial transactions.
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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
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Gel
currency • Non-SI
Definition
The Georgian Lari (GEL) serves as the official currency of Georgia, introduced on January 1, 1995, replacing the previous currency, the coupon. The Lari is subdivided into 100 tetri and is issued in both coins and banknotes. The currency plays a crucial role in the economy of Georgia, representing its monetary policy and financial stability. The symbol GEL is commonly used in financial transactions, banking, and trade. The central bank, the National Bank of Georgia, is responsible for issuing the currency, regulating its supply, and maintaining its value against foreign currencies. The Lari has experienced fluctuations but is essential for domestic and international economic activities within the country.
History & Origin
The Georgian Lari was introduced in 1995 as part of the economic reforms following Georgia's independence from the Soviet Union in 1991. The transition to a new currency aimed to stabilize the economy and control hyperinflation that had plagued the country during the early years of independence. The Lari replaced the Georgian coupon, which had been subject to severe depreciation. The introduction of the Lari marked a significant step towards establishing a stable monetary system, allowing Georgia to engage more effectively in international trade and finance.
Etymology: The term 'Lari' is derived from a local word meaning 'money' or 'currency', symbolizing its role as a medium of exchange.
Current Use
The Georgian Lari is widely used in Georgia for all types of transactions, ranging from everyday purchases to large business deals. Its acceptance extends to various sectors including retail, services, and banking. The Lari is also used in the tourism industry, where international visitors convert their foreign currency into Lari to facilitate their expenditures. The Lari's value is often influenced by external factors such as trade balances, remittances, and foreign investments, making it a focal point for economic analysis. In recent years, the Lari has seen increased use in electronic banking and mobile payment systems, reflecting global trends in financial technology. Moreover, the Lari's exchange rate is monitored closely by analysts and investors, as it provides insights into the economic health of Georgia and its integration into the global market.
💡 Fun Facts
- •The Lari's symbol, GEL, is derived from the currency's name and is used in all financial transactions.
- •Georgia is known for its rich culture and history, which is reflected in the imagery on its banknotes.
- •The Lari was introduced during a period of hyperinflation, making its stability crucial for economic recovery.
📏 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.