Usd Converter
Convert Usd to Mru 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.
Mongolian Tögrög₮
Target UnitThe Mongolian Tögrög (MNT) serves as the official currency of Mongolia, established in 1925. It is subdivided into 100 mongos, though mongos are rarely used in transactions today. The Tögrög is issued by the Bank of Mongolia and represents the country’s economic values and policies. The currency's design features historical figures and symbols significant to Mongolian heritage. As a fiat currency, its value is not backed by a physical commodity but is instead determined by supply and demand dynamics in the market. The Tögrög has undergone various changes in its denominations, with notes available in 1,000, 5,000, 10,000, and 20,000 Tögrög. Its exchange rate fluctuates against major currencies like the U.S. dollar and the euro, reflecting Mongolia's economic conditions and inflation rates.
Current Use
Today, the Mongolian Tögrög is the sole legal tender in Mongolia, utilized across various transactions such as retail purchases, services, and government expenditures. The currency is critical in the banking sector, facilitating loans, savings, and investments. Industries heavily reliant on the Tögrög include retail, agriculture, mining, and tourism, where it serves as the primary medium for trade. In recent years, the government has promoted the use of digital payments to complement cash transactions, aligning with global trends. The Tögrög's exchange rate fluctuations against international currencies affect trade relations and foreign investment, making it a key point of analysis for economists and business professionals. Despite challenges, efforts to stabilize and strengthen the Tögrög have been implemented, contributing to Mongolia's integration into the global economy.
Fun Fact
The symbol ₮ was adopted in 1925 and is unique to the Tögrög.
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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
Mongolian Tögrög
currency • Non-SI
Definition
The Mongolian Tögrög (MNT) serves as the official currency of Mongolia, established in 1925. It is subdivided into 100 mongos, though mongos are rarely used in transactions today. The Tögrög is issued by the Bank of Mongolia and represents the country’s economic values and policies. The currency's design features historical figures and symbols significant to Mongolian heritage. As a fiat currency, its value is not backed by a physical commodity but is instead determined by supply and demand dynamics in the market. The Tögrög has undergone various changes in its denominations, with notes available in 1,000, 5,000, 10,000, and 20,000 Tögrög. Its exchange rate fluctuates against major currencies like the U.S. dollar and the euro, reflecting Mongolia's economic conditions and inflation rates.
History & Origin
The origin of the Tögrög dates back to the early 20th century when Mongolia sought to establish its own monetary system following independence from China. The first issuance of the currency occurred in 1925, replacing the Chinese yuan and initiating a new financial era in Mongolia. The need for a national currency arose from the desire to conduct trade independently and stabilize the economy post-revolution. The name 'Tögrög' derives from the Mongolian word meaning 'pure' or 'honest', symbolizing the aspiration for a stable and reliable currency. The initial series of banknotes was printed in the Soviet Union, but as Mongolia evolved politically and economically, the Tögrög began to represent national identity and pride.
Etymology: The term 'Tögrög' is derived from the Mongolian language, where it signifies purity and honesty, reflecting the intent behind the establishment of the currency.
Current Use
Today, the Mongolian Tögrög is the sole legal tender in Mongolia, utilized across various transactions such as retail purchases, services, and government expenditures. The currency is critical in the banking sector, facilitating loans, savings, and investments. Industries heavily reliant on the Tögrög include retail, agriculture, mining, and tourism, where it serves as the primary medium for trade. In recent years, the government has promoted the use of digital payments to complement cash transactions, aligning with global trends. The Tögrög's exchange rate fluctuations against international currencies affect trade relations and foreign investment, making it a key point of analysis for economists and business professionals. Despite challenges, efforts to stabilize and strengthen the Tögrög have been implemented, contributing to Mongolia's integration into the global economy.
💡 Fun Facts
- •The symbol ₮ was adopted in 1925 and is unique to the Tögrög.
- •Mongolia's currency was initially pegged to the Soviet ruble before transitioning to a floating system.
- •The Tögrög was severely affected by hyperinflation in the 1990s, leading to the introduction of higher denominations.
📏 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.