Usd Converter
Convert Usd to Ttd 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 '$' and is one of the most traded currencies globally, often used as a benchmark for other currencies. Its value is influenced by various factors including economic indicators, interest rates, and geopolitical stability. As a fiat currency, the USD is not backed by a physical commodity but rather the trust in the U.S. government and economy, making it a crucial component of the global financial system, utilized in both domestic and international transactions.
Current Use
The U.S. dollar is not only the official currency of the United States but also plays a dominant role in the global economy. As the primary reserve currency held by many countries, it is used in international transactions, trade agreements, and as a benchmark for other currencies. The dollar is widely accepted for transactions in various sectors such as finance, trade, and tourism, making it a preferred currency for global commerce. It is commonly used in international markets for commodities such as oil and gold, and many countries peg their local currencies to the dollar to stabilize their economies. The dollar is also utilized in remittances, with millions of people sending money across borders in USD.
Fun Fact
The U.S. dollar is the most widely used currency for global trade.
Trinidad and Tobago DollarTTD
Target UnitThe Trinidad and Tobago Dollar (TTD) is the official currency of the twin-island republic of Trinidad and Tobago. It is subdivided into 100 cents and is symbolized by '$' or sometimes 'TT$' to differentiate it from other dollar-denominated currencies. The TTD is issued by the Central Bank of Trinidad and Tobago, which manages the nation’s monetary policy to ensure stability and support economic growth. As a fiat currency, its value is not backed by physical commodities but rather by the trust and confidence of the people who use it, making it crucial for daily transactions and trade in the local economy. The currency plays a significant role in the financial systems of the islands, facilitating commerce and investment, both domestically and internationally.
Current Use
The Trinidad and Tobago Dollar is widely used in everyday transactions across the islands. It serves as the medium of exchange for goods and services in local markets, supermarkets, and businesses. The currency is also utilized in banking transactions, remittances, and foreign exchange markets. Major industries in Trinidad and Tobago, including oil, gas, manufacturing, and tourism, rely on the TTD for financial activities. Foreign visitors can exchange their currencies for TTD at banks and authorized exchange bureaus, facilitating tourism and trade. Additionally, the TTD is accepted in certain online transactions, enhancing its utility in the digital economy. As a member of the Caribbean Community (CARICOM), the TTD also interacts with other Caribbean currencies, impacting regional trade and economic relations.
Fun Fact
The Trinidad and Tobago Dollar is sometimes colloquially referred to as 'the dollar' or 'TT dollar.'
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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
Trinidad and Tobago Dollar
currency • Non-SI
Definition
The Trinidad and Tobago Dollar (TTD) is the official currency of the twin-island republic of Trinidad and Tobago. It is subdivided into 100 cents and is symbolized by '$' or sometimes 'TT$' to differentiate it from other dollar-denominated currencies. The TTD is issued by the Central Bank of Trinidad and Tobago, which manages the nation’s monetary policy to ensure stability and support economic growth. As a fiat currency, its value is not backed by physical commodities but rather by the trust and confidence of the people who use it, making it crucial for daily transactions and trade in the local economy. The currency plays a significant role in the financial systems of the islands, facilitating commerce and investment, both domestically and internationally.
History & Origin
The Trinidad and Tobago Dollar was introduced in 1879, replacing the British West Indies dollar at a rate of 2 TTD to 1 BWI dollar. The need for a distinct currency arose as the islands sought greater economic independence and identity. Prior to the establishment of the TTD, various currencies, including Spanish dollars and British pounds, circulated in Trinidad and Tobago, reflecting the islands' colonial past and diverse trading history. The adoption of the TTD was a significant move towards establishing a more unified and stable economic framework for the growing nation, especially following its independence from British rule in 1962.
Etymology: The term 'dollar' is derived from the Spanish word 'dólar,' which itself comes from the 'Joachimsthaler,' a silver coin minted in the 16th century in Joachimsthal, Bohemia.
Current Use
The Trinidad and Tobago Dollar is widely used in everyday transactions across the islands. It serves as the medium of exchange for goods and services in local markets, supermarkets, and businesses. The currency is also utilized in banking transactions, remittances, and foreign exchange markets. Major industries in Trinidad and Tobago, including oil, gas, manufacturing, and tourism, rely on the TTD for financial activities. Foreign visitors can exchange their currencies for TTD at banks and authorized exchange bureaus, facilitating tourism and trade. Additionally, the TTD is accepted in certain online transactions, enhancing its utility in the digital economy. As a member of the Caribbean Community (CARICOM), the TTD also interacts with other Caribbean currencies, impacting regional trade and economic relations.
💡 Fun Facts
- •The Trinidad and Tobago Dollar is sometimes colloquially referred to as 'the dollar' or 'TT dollar.'
- •The currency features notable figures from Trinidad and Tobago's history on its banknotes, including former Prime Ministers.
- •Trinidad and Tobago is the only Caribbean nation with a dual-island economy, making its currency unique in the region.
📏 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.