Usd Converter
Convert Usd to Lbp 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.
Pound Sterling£
Target UnitThe pound sterling, abbreviated as GBP (Great British Pound), is the official currency of the United Kingdom, encompassing England, Scotland, Wales, and Northern Ireland, as well as several British territories. It is one of the most widely used currencies in international transactions and is recognized by the symbol '£'. The pound is subdivided into 100 pence. The currency is managed by the Bank of England, which regulates its supply and value. The pound sterling has a rich history, dating back to the 8th century when it was used as silver currency. Its resilience and stability have made it a prominent reserve currency globally, with significant importance in foreign exchange markets.
Current Use
The pound sterling is predominantly used in the United Kingdom, where it serves as the main currency for all transactions, including retail, banking, and online commerce. It is also utilized in several British overseas territories like Gibraltar, the Falkland Islands, and Saint Helena. The currency is recognized as one of the top reserve currencies globally, making it a staple for international trade and finance. Major financial institutions, stock exchanges, and multinational corporations engage in transactions involving the pound sterling, which is traded on the foreign exchange market under the code GBP. The pound is also used for various financial instruments, including bonds, derivatives, and currency options, making it an integral part of investment portfolios.
Fun Fact
The pound is one of the oldest currencies still in use today, with a history spanning over 1,200 years.
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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
Pound Sterling
currency • Non-SI
Definition
The pound sterling, abbreviated as GBP (Great British Pound), is the official currency of the United Kingdom, encompassing England, Scotland, Wales, and Northern Ireland, as well as several British territories. It is one of the most widely used currencies in international transactions and is recognized by the symbol '£'. The pound is subdivided into 100 pence. The currency is managed by the Bank of England, which regulates its supply and value. The pound sterling has a rich history, dating back to the 8th century when it was used as silver currency. Its resilience and stability have made it a prominent reserve currency globally, with significant importance in foreign exchange markets.
History & Origin
The origin of the pound sterling dates back to Anglo-Saxon England around the year 775 AD when King Offa of Mercia introduced a silver penny as a unit of currency, which was originally valued at a pound of silver. The term 'pound' derives from the Latin word 'libra', which means scales or balance, reflecting its weight-based valuation. The silver penny became the standard currency unit, and throughout the medieval period, various forms of currency emerged, including the gold pound. The first official pound banknotes were issued in the 17th century, marking a shift from metal-based currency to paper notes, enhancing the currency's use in trade and commerce.
Etymology: The term 'pound' comes from the Latin word 'libra', while 'sterling' is believed to have derived from the Old English 'sterre', referring to the silver pennies of the Norman Conquest.
Current Use
The pound sterling is predominantly used in the United Kingdom, where it serves as the main currency for all transactions, including retail, banking, and online commerce. It is also utilized in several British overseas territories like Gibraltar, the Falkland Islands, and Saint Helena. The currency is recognized as one of the top reserve currencies globally, making it a staple for international trade and finance. Major financial institutions, stock exchanges, and multinational corporations engage in transactions involving the pound sterling, which is traded on the foreign exchange market under the code GBP. The pound is also used for various financial instruments, including bonds, derivatives, and currency options, making it an integral part of investment portfolios.
💡 Fun Facts
- •The pound is one of the oldest currencies still in use today, with a history spanning over 1,200 years.
- •The symbol '£' is derived from the Latin word 'libra', which means scales.
- •Pound notes were originally issued against gold reserves, making it a gold-backed currency until the 20th century.
📏 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.