Usd Converter
Convert Usd to Mga 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.
Malagasy AriaryMGA
Target UnitThe Malagasy Ariary (MGA) is the official currency of Madagascar, introduced in 2005 to replace the Malagasy franc. It is subdivided into 5 iraimbilanja, though the latter is rarely used in transactions today. The Ariary is significant not only as a means of exchange but also as a reflection of Madagascar's unique culture and economy. The currency is issued by the Central Bank of Madagascar and is used in various denominations, including coins and banknotes. The introduction of the Ariary aimed to stabilize the economy and provide a more coherent monetary system. As a currency, the Ariary is symbolized by MGA and is essential for daily transactions in Madagascar, influencing both local and international trade.
Current Use
The Malagasy Ariary is widely used across Madagascar, serving as the primary medium of exchange for goods and services. It plays a crucial role in both local markets and larger financial transactions. The Ariary is used in various industries, including agriculture, tourism, and retail, where it facilitates daily purchases, salary payments, and business operations. In recent years, efforts have been made to increase financial literacy and the use of digital payment solutions, but cash transactions remain predominant. The Ariary is essential for everyday life in Madagascar and reflects the country's economic activities and cultural practices. In addition to local use, the Ariary is recognized in some informal transactions with neighboring countries, although exchange rates may vary significantly.
Fun Fact
The Malagasy Ariary is one of the few currencies in the world that is subdivided into a non-decimal system.
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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
Malagasy Ariary
currency • Non-SI
Definition
The Malagasy Ariary (MGA) is the official currency of Madagascar, introduced in 2005 to replace the Malagasy franc. It is subdivided into 5 iraimbilanja, though the latter is rarely used in transactions today. The Ariary is significant not only as a means of exchange but also as a reflection of Madagascar's unique culture and economy. The currency is issued by the Central Bank of Madagascar and is used in various denominations, including coins and banknotes. The introduction of the Ariary aimed to stabilize the economy and provide a more coherent monetary system. As a currency, the Ariary is symbolized by MGA and is essential for daily transactions in Madagascar, influencing both local and international trade.
History & Origin
The Ariary was introduced on January 1, 2005, replacing the Malagasy franc at a rate of 1 Ariary to 5 Francs. This transition was initiated to simplify the currency system and curb hyperinflation that plagued the franc. The name 'Ariary' comes from the word 'ariary' in the local dialect, meaning 'money' or 'currency'. The Central Bank of Madagascar oversaw this transition to create a more stable economic environment and restore public confidence in the national currency.
Etymology: The term 'Ariary' derives from the Malagasy language, indicating its local significance and acceptance.
Current Use
The Malagasy Ariary is widely used across Madagascar, serving as the primary medium of exchange for goods and services. It plays a crucial role in both local markets and larger financial transactions. The Ariary is used in various industries, including agriculture, tourism, and retail, where it facilitates daily purchases, salary payments, and business operations. In recent years, efforts have been made to increase financial literacy and the use of digital payment solutions, but cash transactions remain predominant. The Ariary is essential for everyday life in Madagascar and reflects the country's economic activities and cultural practices. In addition to local use, the Ariary is recognized in some informal transactions with neighboring countries, although exchange rates may vary significantly.
💡 Fun Facts
- •The Malagasy Ariary is one of the few currencies in the world that is subdivided into a non-decimal system.
- •The Ariary was introduced to combat hyperinflation that had affected the Malagasy franc.
- •Madagascar is home to over 25 million people, and the Ariary is essential for everyday transactions.
📏 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.