Usd Converter
Convert Usd to Syp 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.
Syrian PoundSYP
Target UnitThe Syrian Pound (SYP) is the official currency of Syria, established as the national currency in the mid-20th century. The SYP is subdivided into 100 piastres. It is issued by the Central Bank of Syria and is used for all forms of transactions including cash, credit, and electronic transfers. The value of the SYP has fluctuated significantly due to economic factors and the ongoing civil conflict in Syria. The currency is used mainly for domestic transactions, but it is also involved in foreign trade and remittances. The acceptance of the SYP is limited outside of Syria, with varying exchange rates affecting its value against other currencies. As a fiat currency, its value is not backed by a physical commodity but is instead based on the trust and stability of the issuing government.
Current Use
The Syrian Pound is primarily used within Syria for all types of transactions including retail, services, and government payments. While it is the official currency, the ongoing conflict and economic instability have led to a reliance on foreign currencies, particularly the US dollar and the Euro, for many transactions, especially in border areas and among expatriates. Businesses in Syria often quote prices in both SYP and foreign currencies, reflecting the dual nature of the economy. The Central Bank of Syria continues to manage the currency, although its effectiveness has been challenged by inflation and market volatility. In addition, remittances from Syrians abroad frequently come in foreign currencies, which are then exchanged for SYP in local markets, further complicating the currency landscape.
Fun Fact
The SYP has experienced severe inflation, leading to its significant devaluation since the onset of the civil war.
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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
Syrian Pound
currency • Non-SI
Definition
The Syrian Pound (SYP) is the official currency of Syria, established as the national currency in the mid-20th century. The SYP is subdivided into 100 piastres. It is issued by the Central Bank of Syria and is used for all forms of transactions including cash, credit, and electronic transfers. The value of the SYP has fluctuated significantly due to economic factors and the ongoing civil conflict in Syria. The currency is used mainly for domestic transactions, but it is also involved in foreign trade and remittances. The acceptance of the SYP is limited outside of Syria, with varying exchange rates affecting its value against other currencies. As a fiat currency, its value is not backed by a physical commodity but is instead based on the trust and stability of the issuing government.
History & Origin
The origin of the Syrian Pound can be traced back to the post-Ottoman era when the French Mandate of Syria established the currency in 1920. The pound was introduced as a replacement for the Egyptian pound, reflecting Syria's historical ties to Egypt, and was pegged to the French franc. Following the independence of Syria in 1946, the Syrian Pound became the official currency, symbolizing the country's sovereignty and economic identity. The Central Bank of Syria was established shortly thereafter, further consolidating the currency's role within the national economy.
Etymology: The term 'pound' derives from the Latin 'libra pondo,' meaning 'a pound by weight.'
Current Use
The Syrian Pound is primarily used within Syria for all types of transactions including retail, services, and government payments. While it is the official currency, the ongoing conflict and economic instability have led to a reliance on foreign currencies, particularly the US dollar and the Euro, for many transactions, especially in border areas and among expatriates. Businesses in Syria often quote prices in both SYP and foreign currencies, reflecting the dual nature of the economy. The Central Bank of Syria continues to manage the currency, although its effectiveness has been challenged by inflation and market volatility. In addition, remittances from Syrians abroad frequently come in foreign currencies, which are then exchanged for SYP in local markets, further complicating the currency landscape.
💡 Fun Facts
- •The SYP has experienced severe inflation, leading to its significant devaluation since the onset of the civil war.
- •Prior to the SYP, the currency used in Syria was the Egyptian pound, reflecting historical ties.
- •Banknotes of the SYP feature prominent Syrian landmarks and cultural symbols.
📏 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.