Usd Converter
Convert Usd to Imp and more • 166 conversions
0
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.
Imperial Pennyimp
Target UnitThe Imperial Penny (imp) is a historical unit of currency that was employed in the United Kingdom prior to the decimalization of the British currency system in 1971. It was part of the pre-decimal system where 240 pence made up one pound. The penny was subdivided into two halfpennies and four farthings, which added complexity to transactions. Though the penny has since been decimalized, it retains significant cultural and historical importance in British society. The definition of the Imperial Penny is intrinsically linked to the British monetary system and reflects the economic practices of its era. Today, while it is no longer in circulation, the Imperial Penny serves as a significant artifact of Britain’s monetary history.
Current Use
Today, the Imperial Penny is not in active circulation but remains a significant part of British numismatic history. Collectors and historians value it for its historical context and cultural significance. In the UK, vintage coins, including the Imperial Penny, are sought after by coin collectors, who appreciate their craftsmanship and historical narratives. The Imperial Penny is often featured in educational settings, providing insights into Britain's monetary evolution. Although it is not used in daily transactions, it can be found in some antique shops and coin fairs, where enthusiasts and collectors converge to celebrate the rich tapestry of British currency.
Fun Fact
The Imperial Penny was often referred to as 'copper' due to its material composition.
All Currency Conversions
321 convertersPopular Conversions
📐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.
Quick Examples
💡 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
Imperial Penny
currency • Non-SI
Definition
The Imperial Penny (imp) is a historical unit of currency that was employed in the United Kingdom prior to the decimalization of the British currency system in 1971. It was part of the pre-decimal system where 240 pence made up one pound. The penny was subdivided into two halfpennies and four farthings, which added complexity to transactions. Though the penny has since been decimalized, it retains significant cultural and historical importance in British society. The definition of the Imperial Penny is intrinsically linked to the British monetary system and reflects the economic practices of its era. Today, while it is no longer in circulation, the Imperial Penny serves as a significant artifact of Britain’s monetary history.
History & Origin
The origin of the Imperial Penny can be traced back to the Roman occupation of Britain, where the term 'penny' derives from the Latin word 'denarius', a coin used in ancient Rome. The first coins resembling the penny appeared in the 8th century during the reign of King Offa of Mercia, who minted silver coins that became the standard currency for trade. Over time, these coins evolved into the Imperial Penny, with its distinct value and role in the British economy. It became a cornerstone of commercial transactions in medieval England, reflecting the agricultural and feudal systems of the time.
Etymology: The word 'penny' comes from the Old English 'pening', which itself evolved from the Proto-Germanic '*punningaz', indicating a unit of weight or value.
Current Use
Today, the Imperial Penny is not in active circulation but remains a significant part of British numismatic history. Collectors and historians value it for its historical context and cultural significance. In the UK, vintage coins, including the Imperial Penny, are sought after by coin collectors, who appreciate their craftsmanship and historical narratives. The Imperial Penny is often featured in educational settings, providing insights into Britain's monetary evolution. Although it is not used in daily transactions, it can be found in some antique shops and coin fairs, where enthusiasts and collectors converge to celebrate the rich tapestry of British currency.
💡 Fun Facts
- •The Imperial Penny was often referred to as 'copper' due to its material composition.
- •Before decimalization, the Imperial Penny had a 240 to 1 ratio to the pound.
- •The design of the Imperial Penny changed multiple times, featuring various monarchs.
📏 Real-World Examples
🔗 Related Units
Related Currency Conversions
Explore more currency conversions for your calculations.
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.