Usd Converter
Convert Usd to Myr 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.
Malaysian RinggitMYR
Target UnitThe Malaysian Ringgit (MYR) serves as the official currency of Malaysia, issued by the Bank Negara Malaysia. One MYR is subdivided into 100 sen, and it is used in both paper and coin forms. The ringgit was introduced in 1975, replacing the Malayan dollar, and its symbol is often represented as RM. The value of the MYR fluctuates against other currencies, influenced by economic factors such as inflation, interest rates, and foreign investment. The ringgit is crucial for conducting trade and transactions within Malaysia and internationally.
Current Use
The MYR is widely used within Malaysia for all forms of trade and commerce, including retail, services, and online transactions. It is accepted in both cash and electronic forms across the country. The ringgit is also used in neighboring countries for cross-border transactions. Various businesses, from local markets to multinational corporations, rely on MYR for their operations. Additionally, tourists visiting Malaysia use the ringgit for their expenditures, making it a vital part of the Malaysian economy.
Fun Fact
The MYR is sometimes referred to as 'ringgit' in casual conversation.
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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
Malaysian Ringgit
currency • Non-SI
Definition
The Malaysian Ringgit (MYR) serves as the official currency of Malaysia, issued by the Bank Negara Malaysia. One MYR is subdivided into 100 sen, and it is used in both paper and coin forms. The ringgit was introduced in 1975, replacing the Malayan dollar, and its symbol is often represented as RM. The value of the MYR fluctuates against other currencies, influenced by economic factors such as inflation, interest rates, and foreign investment. The ringgit is crucial for conducting trade and transactions within Malaysia and internationally.
History & Origin
The term 'ringgit' originates from the Spanish word 'rincón', which means 'jagged', referring to the serrated edges of Spanish silver dollars that were used in trade in the region. The Malaysian Ringgit was officially adopted in 1975, replacing the Malayan dollar which was itself introduced during British colonial rule. The transition to the MYR was part of a broader effort to standardize currency within Malaysia, promoting a unified economic identity.
Etymology: The word 'ringgit' derives from the Malay word for 'jagged', linked to the appearance of Spanish coins minted in the 16th century.
Current Use
The MYR is widely used within Malaysia for all forms of trade and commerce, including retail, services, and online transactions. It is accepted in both cash and electronic forms across the country. The ringgit is also used in neighboring countries for cross-border transactions. Various businesses, from local markets to multinational corporations, rely on MYR for their operations. Additionally, tourists visiting Malaysia use the ringgit for their expenditures, making it a vital part of the Malaysian economy.
💡 Fun Facts
- •The MYR is sometimes referred to as 'ringgit' in casual conversation.
- •The symbol RM is often used in financial contexts, such as pricing.
- •The Malaysian Ringgit is one of the currencies actively traded in the foreign exchange market.
📏 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.