Usd Converter
Convert Usd to Ghs 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.
Ghanaian CediGHS
Target UnitThe Ghanaian Cedi (GHS) is the official currency of the Republic of Ghana. Introduced in 2007, it replaced the old Ghanaian cedi at a rate of 10,000 old cedis for 1 new cedi. The currency symbol is GHS, and it is subdivided into 100Gp (Ghanaian Gana pesewas). The currency is issued by the Bank of Ghana and is used for all monetary transactions within the country. The cedi plays a crucial role in the Ghanaian economy and is used in various sectors including trade, tourism, and services.
Current Use
The Ghanaian Cedi is used throughout Ghana for all monetary transactions, from everyday purchases to larger financial dealings. It serves as a medium of exchange, a unit of account, and a store of value in various sectors including retail, services, and government. The currency is also used in various online transactions and is accepted by many businesses and institutions across the country.
Fun Fact
The Ghanaian Cedi is one of the few currencies in the world that uses the cowrie shell as its symbol.
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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
Ghanaian Cedi
currency • Non-SI
Definition
The Ghanaian Cedi (GHS) is the official currency of the Republic of Ghana. Introduced in 2007, it replaced the old Ghanaian cedi at a rate of 10,000 old cedis for 1 new cedi. The currency symbol is GHS, and it is subdivided into 100Gp (Ghanaian Gana pesewas). The currency is issued by the Bank of Ghana and is used for all monetary transactions within the country. The cedi plays a crucial role in the Ghanaian economy and is used in various sectors including trade, tourism, and services.
History & Origin
The Ghanaian Cedi was introduced in July 2007, replacing the old Cedi that had been in circulation since 1965. The old Cedi was subject to hyperinflation, leading to the need for a revaluation and introduction of the new currency. The name 'Cedi' is derived from the Akan word for 'cowrie shell', which was historically used as money in the region. The new cedi aimed to stabilize the economy and restore public confidence in the national currency.
Etymology: The term 'Cedi' originates from the Akan language, which refers to cowrie shells that were used as a form of currency in West Africa.
Current Use
The Ghanaian Cedi is used throughout Ghana for all monetary transactions, from everyday purchases to larger financial dealings. It serves as a medium of exchange, a unit of account, and a store of value in various sectors including retail, services, and government. The currency is also used in various online transactions and is accepted by many businesses and institutions across the country.
💡 Fun Facts
- •The Ghanaian Cedi is one of the few currencies in the world that uses the cowrie shell as its symbol.
- •In 2019, Ghana launched a series of polymer banknotes, becoming one of the first African countries to do so.
- •The GHS has been noted for its vibrant designs that feature notable Ghanaian figures and landmarks.
📏 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.