Usd Converter
Convert Usd to Pgk 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.
Papua New Guinean KinaK
Target UnitThe Papua New Guinean Kina (PGK) is the official currency of Papua New Guinea, introduced in 1975 to replace the Australian dollar at a rate of 1 Kina to 1.24 AUD. The name 'Kina' is derived from the local word for a shell that was historically used as a form of currency in the region. The currency is subdivided into 100 toea, and it is represented by the symbol 'K'. PGK coins come in denominations of 5, 10, 20, 50 toea, and 1, 2, 5 Kina, while banknotes are available in denominations of 2, 5, 10, 20, 50, and 100 Kina. The Central Bank of Papua New Guinea is responsible for issuing and regulating the currency, ensuring stability within the economy.
Current Use
The Papua New Guinean Kina is primarily used within Papua New Guinea and is crucial for day-to-day transactions. The currency plays a significant role in the nation’s economy, influencing sectors such as agriculture, mining, and tourism. The Kina is used by the general populace for purchasing goods and services, while businesses use it for operational expenses. In recent years, tourism has increased, bringing foreign currency into the local economy, affecting the exchange rate of the Kina. Various financial institutions, including banks and microfinance organizations, facilitate currency exchange, loans, and savings, making the Kina an integral part of financial services in the country. In international trade, the Kina is often exchanged for foreign currencies, particularly the Australian dollar and US dollar, to conduct business with overseas partners.
Fun Fact
The Kina was named after the shell currency used by the indigenous people of Papua New Guinea.
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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
Papua New Guinean Kina
currency • Non-SI
Definition
The Papua New Guinean Kina (PGK) is the official currency of Papua New Guinea, introduced in 1975 to replace the Australian dollar at a rate of 1 Kina to 1.24 AUD. The name 'Kina' is derived from the local word for a shell that was historically used as a form of currency in the region. The currency is subdivided into 100 toea, and it is represented by the symbol 'K'. PGK coins come in denominations of 5, 10, 20, 50 toea, and 1, 2, 5 Kina, while banknotes are available in denominations of 2, 5, 10, 20, 50, and 100 Kina. The Central Bank of Papua New Guinea is responsible for issuing and regulating the currency, ensuring stability within the economy.
History & Origin
The Papua New Guinean Kina was introduced in 1975, following Papua New Guinea's independence from Australia. The currency was created to establish a distinct national identity and to replace the Australian dollar which had been in use since the colonial era. The Kina was pegged to the Australian dollar initially, but over time, it has floated against other currencies. The introduction of the Kina was a significant step in developing a national monetary policy and promoting economic independence, reflecting the local culture and history in its design and nomenclature.
Etymology: The term 'Kina' originates from the traditional currency of Papua New Guinea, which was made from a type of shell known as 'kina'.
Current Use
The Papua New Guinean Kina is primarily used within Papua New Guinea and is crucial for day-to-day transactions. The currency plays a significant role in the nation’s economy, influencing sectors such as agriculture, mining, and tourism. The Kina is used by the general populace for purchasing goods and services, while businesses use it for operational expenses. In recent years, tourism has increased, bringing foreign currency into the local economy, affecting the exchange rate of the Kina. Various financial institutions, including banks and microfinance organizations, facilitate currency exchange, loans, and savings, making the Kina an integral part of financial services in the country. In international trade, the Kina is often exchanged for foreign currencies, particularly the Australian dollar and US dollar, to conduct business with overseas partners.
💡 Fun Facts
- •The Kina was named after the shell currency used by the indigenous people of Papua New Guinea.
- •In 1994, Papua New Guinea introduced polymer banknotes, making them more durable and harder to counterfeit.
- •The Kina is one of the few currencies in the world that still has a shell as its origin.
📏 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.