Usd Converter
Convert Usd to Tmt and more • 166 conversions
0
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.
Tanzanian ShillingTSh
Target UnitThe Tanzanian Shilling (TSh) is the official currency of Tanzania, established as the primary medium of exchange for goods and services. The currency is subdivided into 100 cents and is denoted by the symbol 'TSh'. The shilling's value is influenced by various economic factors, including inflation rates, foreign exchange reserves, and trade balances. The Tanzanian Shilling is issued and regulated by the Bank of Tanzania, which plays a crucial role in maintaining the stability and integrity of the currency. The currency plays an essential role in the daily lives of Tanzanians, facilitating not only local transactions but also foreign trade and investment. The shilling's symbol is often seen in commerce, indicating prices, salaries, and economic reports, making it a vital part of Tanzania's economy.
Current Use
The Tanzanian Shilling is primarily used within the borders of Tanzania for all monetary transactions, ranging from everyday purchases to large-scale business dealings. It is essential for local trade, and its usage is pervasive in retail, agriculture, and service sectors. The Bank of Tanzania regulates the shilling's supply and ensures that it meets the economic demands of the country. The currency is also utilized in financial markets, where it is traded against other currencies, including the US dollar, Euro, and Kenyan shilling. In recent years, the Tanzanian government has encouraged digital payments, integrating mobile money services that allow transactions in shillings, significantly enhancing financial inclusion across the country. Additionally, the Tanzanian Shilling is accepted in various tourism-related transactions, making it vital for the country's tourism industry, which significantly contributes to GDP. The currency is also impacted by remittances from Tanzanians living abroad, which can influence its value and availability in the local market.
Fun Fact
The Tanzanian Shilling was initially pegged to the US dollar at a fixed exchange rate.
All Currency Conversions
321 convertersPopular Conversions
📐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.
Quick Examples
💡 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
Tanzanian Shilling
currency • Non-SI
Definition
The Tanzanian Shilling (TSh) is the official currency of Tanzania, established as the primary medium of exchange for goods and services. The currency is subdivided into 100 cents and is denoted by the symbol 'TSh'. The shilling's value is influenced by various economic factors, including inflation rates, foreign exchange reserves, and trade balances. The Tanzanian Shilling is issued and regulated by the Bank of Tanzania, which plays a crucial role in maintaining the stability and integrity of the currency. The currency plays an essential role in the daily lives of Tanzanians, facilitating not only local transactions but also foreign trade and investment. The shilling's symbol is often seen in commerce, indicating prices, salaries, and economic reports, making it a vital part of Tanzania's economy.
History & Origin
The Tanzanian Shilling was introduced in 1966, replacing the East African Shilling at par, following the independence of Tanzania from British colonial rule. The decision to adopt the shilling was part of a broader effort to establish a distinct national identity and economic framework. Before the introduction of the shilling, the East African Shilling served as the primary currency for Tanzania, Kenya, and Uganda since 1920. The transition to the Tanzanian Shilling marked a significant milestone in the country's monetary history, as it allowed Tanzania to have greater control over its economic policies and currency management, which was essential for the newly independent nation. The currency's introduction was accompanied by the need for new banknotes and coins that featured local symbols and the nation's leaders, fostering a sense of pride and national unity.
Etymology: The term 'shilling' has its roots in Old English 'scilling', which referred to a unit of currency used in England during the Anglo-Saxon period.
Current Use
The Tanzanian Shilling is primarily used within the borders of Tanzania for all monetary transactions, ranging from everyday purchases to large-scale business dealings. It is essential for local trade, and its usage is pervasive in retail, agriculture, and service sectors. The Bank of Tanzania regulates the shilling's supply and ensures that it meets the economic demands of the country. The currency is also utilized in financial markets, where it is traded against other currencies, including the US dollar, Euro, and Kenyan shilling. In recent years, the Tanzanian government has encouraged digital payments, integrating mobile money services that allow transactions in shillings, significantly enhancing financial inclusion across the country. Additionally, the Tanzanian Shilling is accepted in various tourism-related transactions, making it vital for the country's tourism industry, which significantly contributes to GDP. The currency is also impacted by remittances from Tanzanians living abroad, which can influence its value and availability in the local market.
💡 Fun Facts
- •The Tanzanian Shilling was initially pegged to the US dollar at a fixed exchange rate.
- •Tanzania produces its own currency notes printed with local themes and wildlife, reflecting national heritage.
- •The shilling has faced significant inflation, which led to the 1994 redenomination.
📏 Real-World Examples
🔗 Related Units
Related Currency Conversions
Explore more currency conversions for your calculations.
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.