Usd Converter
Convert Usd to Twd 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 '$' and is one of the most traded currencies globally, often used as a benchmark for other currencies. Its value is influenced by various factors including economic indicators, interest rates, and geopolitical stability. As a fiat currency, the USD is not backed by a physical commodity but rather the trust in the U.S. government and economy, making it a crucial component of the global financial system, utilized in both domestic and international transactions.
Current Use
The U.S. dollar is not only the official currency of the United States but also plays a dominant role in the global economy. As the primary reserve currency held by many countries, it is used in international transactions, trade agreements, and as a benchmark for other currencies. The dollar is widely accepted for transactions in various sectors such as finance, trade, and tourism, making it a preferred currency for global commerce. It is commonly used in international markets for commodities such as oil and gold, and many countries peg their local currencies to the dollar to stabilize their economies. The dollar is also utilized in remittances, with millions of people sending money across borders in USD.
Fun Fact
The U.S. dollar is the most widely used currency for global trade.
New Taiwan DollarTWD
Target UnitThe New Taiwan Dollar (TWD) is the official currency of the Republic of China (Taiwan). It was introduced in 1949 to replace the Old Taiwan Dollar at a rate of 40,000:1. The currency is subdivided into 100 cents and is issued by the Central Bank of the Republic of China. The TWD is used for all forms of transactions in Taiwan and is denoted by the symbol NT$ or simply TWD. It is recognized globally and is a popular currency for trade and investment in the Asia-Pacific region.
Current Use
The New Taiwan Dollar is primarily used in Taiwan for all domestic transactions, including retail, banking, and international trade. It is also used in online transactions and is accepted in some neighboring regions, such as parts of Hong Kong and Macau. The TWD is commonly used by tourists and expatriates in Taiwan, and its exchange rate is monitored closely by financial institutions and investors.
Fun Fact
The New Taiwan Dollar was initially pegged to the US dollar but is now allowed to float.
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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
New Taiwan Dollar
currency • Non-SI
Definition
The New Taiwan Dollar (TWD) is the official currency of the Republic of China (Taiwan). It was introduced in 1949 to replace the Old Taiwan Dollar at a rate of 40,000:1. The currency is subdivided into 100 cents and is issued by the Central Bank of the Republic of China. The TWD is used for all forms of transactions in Taiwan and is denoted by the symbol NT$ or simply TWD. It is recognized globally and is a popular currency for trade and investment in the Asia-Pacific region.
History & Origin
The New Taiwan Dollar emerged in the aftermath of the Chinese Civil War when the Kuomintang retreated to Taiwan. The old currency was inflated and became largely worthless, necessitating a new currency to stabilize the economy. The TWD was first issued in 1949 and has undergone various changes in design and security features since its inception to combat counterfeiting and to enhance security.
Etymology: The term 'Taiwan' refers to the island where the currency is used, while 'Dollar' is derived from the Spanish 'dólar', which has historical significance in the context of currency.
Current Use
The New Taiwan Dollar is primarily used in Taiwan for all domestic transactions, including retail, banking, and international trade. It is also used in online transactions and is accepted in some neighboring regions, such as parts of Hong Kong and Macau. The TWD is commonly used by tourists and expatriates in Taiwan, and its exchange rate is monitored closely by financial institutions and investors.
💡 Fun Facts
- •The New Taiwan Dollar was initially pegged to the US dollar but is now allowed to float.
- •The TWD is one of the most traded currencies in the Asia-Pacific region.
- •Taiwan's Central Bank regularly updates the security features of TWD banknotes to prevent counterfeiting.
📏 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.