Usd Converter
Convert Usd to Isk 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.
Icelandic KrónaISK
Target UnitThe Icelandic króna (ISK) is the primary currency of Iceland, established as part of the country's monetary system after gaining independence in 1918. It is subdivided into 100 aurar, although the aurar coins are no longer in circulation. The króna is regulated by the Central Bank of Iceland, which manages the country's monetary policy and ensures financial stability. The symbol for the króna is 'ISK', and it is often represented by the sign 'kr'. The currency is notable for its unique design, featuring various symbols of Icelandic heritage, including figures from Norse mythology and images of Icelandic landscapes. The króna plays a critical role in facilitating trade and economic activities within Iceland, influencing both domestic pricing and international exchanges.
Current Use
The króna is the sole legal tender in Iceland, widely accepted for all transactions ranging from everyday purchases to larger financial dealings. It is utilized by individuals, businesses, and governmental entities within the country. The króna is particularly significant in the tourism sector, which is a major contributor to Iceland's economy, where foreign visitors exchange their currencies for ISK to pay for goods and services. Additionally, the króna is used in financial markets, with its exchange rate being monitored closely by traders and investors worldwide. While primarily circulated as cash, electronic transactions using ISK have become increasingly common, supported by a robust banking infrastructure. Internationally, the króna is traded against major currencies such as the Euro and the US Dollar, reflecting its value on the global market.
Fun Fact
The króna has undergone significant inflation, losing much of its value since its introduction.
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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
Icelandic Króna
currency • Non-SI
Definition
The Icelandic króna (ISK) is the primary currency of Iceland, established as part of the country's monetary system after gaining independence in 1918. It is subdivided into 100 aurar, although the aurar coins are no longer in circulation. The króna is regulated by the Central Bank of Iceland, which manages the country's monetary policy and ensures financial stability. The symbol for the króna is 'ISK', and it is often represented by the sign 'kr'. The currency is notable for its unique design, featuring various symbols of Icelandic heritage, including figures from Norse mythology and images of Icelandic landscapes. The króna plays a critical role in facilitating trade and economic activities within Iceland, influencing both domestic pricing and international exchanges.
History & Origin
The króna was established in 1885 as a replacement for the Icelandic rigsdaler, which had been the currency prior to its introduction. The name 'krona' translates to 'crown' in Icelandic, reflecting its royal connotations and linkage to other European currencies that also use similar terminology. The choice of name emphasized Iceland's identity and sovereignty, especially following its independence from Denmark in 1918, when the króna was officially adopted as the national currency. The króna's values have fluctuated due to various economic factors, including inflation and currency exchange rates, often leading to significant changes in its international value.
Etymology: The term 'krona' derives from the Old Norse word 'krona', meaning 'crown'.
Current Use
The króna is the sole legal tender in Iceland, widely accepted for all transactions ranging from everyday purchases to larger financial dealings. It is utilized by individuals, businesses, and governmental entities within the country. The króna is particularly significant in the tourism sector, which is a major contributor to Iceland's economy, where foreign visitors exchange their currencies for ISK to pay for goods and services. Additionally, the króna is used in financial markets, with its exchange rate being monitored closely by traders and investors worldwide. While primarily circulated as cash, electronic transactions using ISK have become increasingly common, supported by a robust banking infrastructure. Internationally, the króna is traded against major currencies such as the Euro and the US Dollar, reflecting its value on the global market.
💡 Fun Facts
- •The króna has undergone significant inflation, losing much of its value since its introduction.
- •Iceland was the first country in the world to elect an openly gay head of state, reflecting its progressive values, which is indirectly tied to its economic practices.
- •In 2018, the króna was celebrated for its 100th anniversary since its inception.
📏 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.