Usd Converter
Convert Usd to Php 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.
Philippine Peso₱
Target UnitThe Philippine Peso (PHP) is the official currency of the Philippines, issued and regulated by the Bangko Sentral ng Pilipinas (BSP). It is subdivided into 100 centavos and is represented by the symbol ₱. The peso is recognized globally and is crucial for both domestic transactions and international trade. The currency is available in various denominations, including coins and banknotes, and is commonly used in everyday financial transactions, making it a vital component of the Philippine economy.
Current Use
The Philippine Peso is widely used across the Philippines for all monetary transactions, from daily purchases to large business dealings. It is the primary currency for all citizens, businesses, and government entities. The peso is also traded on the foreign exchange market, where it is paired against major currencies such as the US dollar and Euro. It plays a significant role in remittances from overseas Filipino workers, which are crucial to the Philippine economy.
Fun Fact
The Philippine Peso was originally pegged to the US dollar at a rate of 2:1 during the early 1900s.
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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
Philippine Peso
currency • Non-SI
Definition
The Philippine Peso (PHP) is the official currency of the Philippines, issued and regulated by the Bangko Sentral ng Pilipinas (BSP). It is subdivided into 100 centavos and is represented by the symbol ₱. The peso is recognized globally and is crucial for both domestic transactions and international trade. The currency is available in various denominations, including coins and banknotes, and is commonly used in everyday financial transactions, making it a vital component of the Philippine economy.
History & Origin
The term 'peso' originated from the Spanish word for 'weight' and was historically used in various Spanish-speaking countries. The Philippine Peso was first introduced in the 19th century when the Philippines was a colony of Spain. The currency underwent several changes under American colonial rule, adopting a new coinage system and integrating the U.S. dollar into its economy. Post-independence, the peso was redefined and adjusted to stabilize the economy amidst various global economic challenges.
Etymology: The word 'peso' comes from the Latin 'pensum,' meaning 'weight.'
Current Use
The Philippine Peso is widely used across the Philippines for all monetary transactions, from daily purchases to large business dealings. It is the primary currency for all citizens, businesses, and government entities. The peso is also traded on the foreign exchange market, where it is paired against major currencies such as the US dollar and Euro. It plays a significant role in remittances from overseas Filipino workers, which are crucial to the Philippine economy.
💡 Fun Facts
- •The Philippine Peso was originally pegged to the US dollar at a rate of 2:1 during the early 1900s.
- •The currency has undergone multiple redesigns, with the latest series featuring prominent Filipino historical figures.
- •The symbol ₱ is a combination of the letter 'P' and two horizontal lines, representing the peso's historical ties to Spain.
📏 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.