Usd Converter
Convert Usd to Omr 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.
Omani RialOMR
Target UnitThe Omani Rial (OMR) is the official currency of the Sultanate of Oman. Established in 1970, it replaced the Omani Saidi Rial and is subdivided into 1,000 baisa. The Omani Rial is known for its high value compared to other currencies, with a fixed exchange rate to the US dollar at approximately 2.6 OMR per USD. The Central Bank of Oman is responsible for issuing and managing the currency, ensuring its stability and integrity within the economy. The Omani Rial is widely accepted in Oman and is used in various transactions, both domestically and internationally, thus playing a vital role in the region's economy.
Current Use
The Omani Rial is primarily used in Oman and is a critical component of the country’s economy. It is accepted for all forms of transactions, including retail, services, and international trade. The currency is known for its high value, which reflects Oman’s economic stability and wealth derived from oil exports. Businesses, both local and foreign, utilize the Omani Rial for pricing goods and services. In addition to daily transactions, the currency plays a significant role in the financial sector, where it is used for investments, savings, and international currency exchanges. Tourists visiting Oman also exchange their currencies for Omani Rials to facilitate their spending within the country.
Fun Fact
The Omani Rial is one of the highest-valued currencies in the world.
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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
Omani Rial
currency • Non-SI
Definition
The Omani Rial (OMR) is the official currency of the Sultanate of Oman. Established in 1970, it replaced the Omani Saidi Rial and is subdivided into 1,000 baisa. The Omani Rial is known for its high value compared to other currencies, with a fixed exchange rate to the US dollar at approximately 2.6 OMR per USD. The Central Bank of Oman is responsible for issuing and managing the currency, ensuring its stability and integrity within the economy. The Omani Rial is widely accepted in Oman and is used in various transactions, both domestically and internationally, thus playing a vital role in the region's economy.
History & Origin
The Omani Rial was introduced in 1970, replacing the Omani Saidi Rial, which had been in circulation since the early 1970s. The establishment of the Rial marked a significant monetary reform aimed at stabilizing the economy of Oman during a period of rapid development and modernization under Sultan Qaboos bin Said. The need for a stable currency arose from Oman’s growing trade relations and the influx of oil revenues, which necessitated a robust financial framework to support economic growth and foreign investment.
Etymology: The term 'rial' is derived from the Spanish 'real', which was a historical currency used in Spain and its colonies. This term was adopted in various forms across many cultures and languages and has been used to denote currency in several Middle Eastern countries.
Current Use
The Omani Rial is primarily used in Oman and is a critical component of the country’s economy. It is accepted for all forms of transactions, including retail, services, and international trade. The currency is known for its high value, which reflects Oman’s economic stability and wealth derived from oil exports. Businesses, both local and foreign, utilize the Omani Rial for pricing goods and services. In addition to daily transactions, the currency plays a significant role in the financial sector, where it is used for investments, savings, and international currency exchanges. Tourists visiting Oman also exchange their currencies for Omani Rials to facilitate their spending within the country.
💡 Fun Facts
- •The Omani Rial is one of the highest-valued currencies in the world.
- •It is known for its unique banknote designs that often feature Omani landmarks and cultural heritage.
- •Oman has a fixed exchange rate system, maintaining the Omani Rial's value against the US dollar.
📏 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.