Usd Converter
Convert Usd to Kzt 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.
Kazakh TengeKZT
Target UnitThe Kazakh Tenge (KZT) is the national currency of Kazakhstan, introduced on November 15, 1993, to replace the Soviet Ruble. It is subdivided into 100 tiyn, although the tiyn is no longer in practical use. The Tenge is issued by the National Bank of Kazakhstan and is denoted by the symbol '₸'. As a fiat currency, its value is not backed by physical commodities but is determined by market forces. The Tenge has undergone denominations and redesigns since its inception to reflect national symbols and promote Kazakh culture.
Current Use
The Kazakh Tenge is used primarily within Kazakhstan for all transactions and is not widely accepted outside the country. The Tenge is essential for everyday purchases, business transactions, and financial reporting. The currency is also used in digital banking, mobile payments, and international trade, albeit in limited capacities. The Tenge is traded on foreign exchange markets, where its value fluctuates against major currencies like the US Dollar and Euro.
Fun Fact
The Tenge was the first currency in the world to feature a hologram on its banknotes.
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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
Kazakh Tenge
currency • Non-SI
Definition
The Kazakh Tenge (KZT) is the national currency of Kazakhstan, introduced on November 15, 1993, to replace the Soviet Ruble. It is subdivided into 100 tiyn, although the tiyn is no longer in practical use. The Tenge is issued by the National Bank of Kazakhstan and is denoted by the symbol '₸'. As a fiat currency, its value is not backed by physical commodities but is determined by market forces. The Tenge has undergone denominations and redesigns since its inception to reflect national symbols and promote Kazakh culture.
History & Origin
The name 'Tenge' derives from the Turkic word for 'balance' or 'scale', emphasizing the currency's role in trade and commerce. The introduction of the Tenge came as Kazakhstan sought to establish its economic independence following the dissolution of the Soviet Union. Prior to the Tenge, Kazakhstan used the Soviet Ruble, which was subject to hyperinflation. The Tenge was designed to represent Kazakh national identity and sovereignty.
Etymology: The term 'Tenge' has roots in the Turkic languages, reflecting Kazakhstan's cultural heritage.
Current Use
The Kazakh Tenge is used primarily within Kazakhstan for all transactions and is not widely accepted outside the country. The Tenge is essential for everyday purchases, business transactions, and financial reporting. The currency is also used in digital banking, mobile payments, and international trade, albeit in limited capacities. The Tenge is traded on foreign exchange markets, where its value fluctuates against major currencies like the US Dollar and Euro.
💡 Fun Facts
- •The Tenge was the first currency in the world to feature a hologram on its banknotes.
- •Kazakhstan's currency was initially pegged to the US Dollar but has since been allowed to float, leading to significant value changes.
- •The Tenge's symbol '₸' was officially adopted in 2007 to promote its use in international contexts.
📏 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.