Usd Converter
Convert Usd to Shp 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.
Shilling Poundshp
Target UnitThe Shilling Pound (shp) is a historical currency unit that was once a significant part of the British monetary system before decimalization. It was traditionally subdivided into 20 shillings, with each shilling further divided into 12 pence, making a total of 240 pence in a pound. Although it is no longer in official use, the shp remains a point of reference for historical financial studies, antique currency collections, and discussions regarding the UK's economic history. The Shilling Pound was used in various forms throughout the British Empire, influencing other currencies in its colonies. Today, it's often referenced in literature, numismatics, and economic discussions about the pre-decimal currency era in the UK.
Current Use
Today, the Shilling Pound is not officially used as currency, yet it holds historical significance, particularly in the UK and Commonwealth nations. In numismatic circles, the shp is highly sought after by collectors for its historical value and representation of the pre-decimal system. It is referenced in discussions about inflation, historical economic policy, and the transition to decimal currency. Some countries with historical ties to the British Empire, such as Kenya and Tanzania, used the shilling as their currency, though these are different from the British shilling. The legacy of the shp is evident in the ongoing interest in historical economic studies and in literature that references the old monetary system.
Fun Fact
The Shilling was used in various forms for over a thousand years before being phased out.
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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
Shilling Pound
currency • Non-SI
Definition
The Shilling Pound (shp) is a historical currency unit that was once a significant part of the British monetary system before decimalization. It was traditionally subdivided into 20 shillings, with each shilling further divided into 12 pence, making a total of 240 pence in a pound. Although it is no longer in official use, the shp remains a point of reference for historical financial studies, antique currency collections, and discussions regarding the UK's economic history. The Shilling Pound was used in various forms throughout the British Empire, influencing other currencies in its colonies. Today, it's often referenced in literature, numismatics, and economic discussions about the pre-decimal currency era in the UK.
History & Origin
The origins of the Shilling Pound date back to the early medieval period in England. The term 'shilling' is believed to derive from the Old English word 'scilling,' which referred to a specific weight of silver that was used for trade. The shilling was initially a form of silver coin that gained prominence in the 13th century under King Henry III. The concept of the pound sterling as a unit of account was established around the same time, with the pound representing a pound weight of silver. This duality of the pound and shilling became foundational to the English monetary system for centuries, influencing many other currencies around the world.
Etymology: The word 'shilling' comes from the Old English 'scilling,' which translates to 'a division of money' and reflects its historical use as a coin.
Current Use
Today, the Shilling Pound is not officially used as currency, yet it holds historical significance, particularly in the UK and Commonwealth nations. In numismatic circles, the shp is highly sought after by collectors for its historical value and representation of the pre-decimal system. It is referenced in discussions about inflation, historical economic policy, and the transition to decimal currency. Some countries with historical ties to the British Empire, such as Kenya and Tanzania, used the shilling as their currency, though these are different from the British shilling. The legacy of the shp is evident in the ongoing interest in historical economic studies and in literature that references the old monetary system.
💡 Fun Facts
- •The Shilling was used in various forms for over a thousand years before being phased out.
- •The phrase 'to shill' means to promote something in an insincere way, deriving from shilling's association with sales.
- •Kenya, Tanzania, and Uganda still use shillings as their currency, a nod to historical ties.
📏 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.