Usd Converter
Convert Usd to Sbd 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 '$' and is one of the most traded currencies globally, often used as a benchmark for other currencies. Its value is influenced by various factors including economic indicators, interest rates, and geopolitical stability. As a fiat currency, the USD is not backed by a physical commodity but rather the trust in the U.S. government and economy, making it a crucial component of the global financial system, utilized in both domestic and international transactions.
Current Use
The U.S. dollar is not only the official currency of the United States but also plays a dominant role in the global economy. As the primary reserve currency held by many countries, it is used in international transactions, trade agreements, and as a benchmark for other currencies. The dollar is widely accepted for transactions in various sectors such as finance, trade, and tourism, making it a preferred currency for global commerce. It is commonly used in international markets for commodities such as oil and gold, and many countries peg their local currencies to the dollar to stabilize their economies. The dollar is also utilized in remittances, with millions of people sending money across borders in USD.
Fun Fact
The U.S. dollar is the most widely used currency for global trade.
Solomon Islands DollarSBD
Target UnitThe Solomon Islands Dollar (SBD) is the official currency of the Solomon Islands, a nation located in the South Pacific Ocean. Established in 1977, it replaced the Australian dollar at a fixed exchange rate. The SBD is subdivided into 100 cents and is denoted by the symbol '$' or 'SBD' to distinguish it from other dollar-denominated currencies. The currency is issued by the Central Bank of the Solomon Islands, which manages monetary policy to ensure stability and economic growth. The SBD is used for all transactions within the country, including trade, services, and everyday purchases, making it integral to the local economy and financial systems.
Current Use
The SBD is actively used throughout the Solomon Islands, functioning as the primary medium for all monetary transactions. It is accepted in retail, hospitality, and service sectors across the islands. The currency is crucial for local businesses, tourism, and trade, with many transactions occurring in cash due to the limited penetration of banking services in remote areas. The SBD is also traded in foreign exchange markets, though its liquidity is lower compared to major currencies like the USD or AUD. The Central Bank actively monitors inflation and money supply to maintain the currency's stability, informing policies to encourage economic growth and stability. Additionally, the SBD is used in various sectors including agriculture, fisheries, and tourism, which are vital to the nation’s economy.
Fun Fact
The Solomon Islands Dollar features imagery reflecting the country's rich cultural heritage, including traditional motifs and symbols.
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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
Solomon Islands Dollar
currency • Non-SI
Definition
The Solomon Islands Dollar (SBD) is the official currency of the Solomon Islands, a nation located in the South Pacific Ocean. Established in 1977, it replaced the Australian dollar at a fixed exchange rate. The SBD is subdivided into 100 cents and is denoted by the symbol '$' or 'SBD' to distinguish it from other dollar-denominated currencies. The currency is issued by the Central Bank of the Solomon Islands, which manages monetary policy to ensure stability and economic growth. The SBD is used for all transactions within the country, including trade, services, and everyday purchases, making it integral to the local economy and financial systems.
History & Origin
The Solomon Islands Dollar was introduced in 1977, replacing the Australian dollar which had been used since the islands were established as a British protectorate in the late 19th century. The move to establish a national currency was part of a broader effort to assert independence and promote economic sovereignty following independence from British colonial rule in 1978. This monetary transition was significant as it symbolized the nation’s economic autonomy and the desire to cultivate a distinct national identity.
Etymology: The term 'dollar' is derived from the Spanish word 'dólar', which refers to a silver coin called the 'thaler'.
Current Use
The SBD is actively used throughout the Solomon Islands, functioning as the primary medium for all monetary transactions. It is accepted in retail, hospitality, and service sectors across the islands. The currency is crucial for local businesses, tourism, and trade, with many transactions occurring in cash due to the limited penetration of banking services in remote areas. The SBD is also traded in foreign exchange markets, though its liquidity is lower compared to major currencies like the USD or AUD. The Central Bank actively monitors inflation and money supply to maintain the currency's stability, informing policies to encourage economic growth and stability. Additionally, the SBD is used in various sectors including agriculture, fisheries, and tourism, which are vital to the nation’s economy.
💡 Fun Facts
- •The Solomon Islands Dollar features imagery reflecting the country's rich cultural heritage, including traditional motifs and symbols.
- •The SBD is one of the few currencies in the world that has coins representing both local wildlife and cultural symbols.
- •During the 2000s, the SBD experienced significant fluctuations due to political instability and global economic factors.
📏 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.