Usd Converter
Convert Usd to Tzs 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.
Tanzanian ShillingTSh
Target UnitThe Tanzanian Shilling (TZS) is the official currency of the United Republic of Tanzania, introduced in 1966 to replace the East African shilling at a rate of 1 TZS to 1 EAS. The currency is subdivided into 100 cents, denoted by the symbol 'TSh'. Issued by the Bank of Tanzania, the Shilling plays a crucial role in the country’s economy, facilitating trade and commerce. The TZS is used in various denominations, including coins and banknotes, with the banknotes depicting historical figures and national symbols. The currency's design and security features have evolved to combat counterfeiting and to align with modern currency standards. The Tanzanian Shilling is critical in daily transactions, tourism, and business operations within Tanzania.
Current Use
The Tanzanian Shilling is widely used in Tanzania for all forms of transactions, including retail, services, and international trade. It is the primary currency accepted for goods and services across the country, from local markets to major businesses. In the tourism sector, the TZS is often exchanged for foreign currencies like the US Dollar or Euro, facilitating travel and commerce. The central bank manages the currency's value and stability, and while the TZS is stable, it can be influenced by global market trends and economic policies. In addition to physical currency, the TZS is increasingly used in digital formats through mobile banking and fintech applications, enhancing accessibility for Tanzanians. The currency plays a significant role in the daily lives of Tanzanians, impacting savings, investments, and economic growth.
Fun Fact
The Tanzanian Shilling was introduced to promote national identity after independence.
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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
Tanzanian Shilling
currency • Non-SI
Definition
The Tanzanian Shilling (TZS) is the official currency of the United Republic of Tanzania, introduced in 1966 to replace the East African shilling at a rate of 1 TZS to 1 EAS. The currency is subdivided into 100 cents, denoted by the symbol 'TSh'. Issued by the Bank of Tanzania, the Shilling plays a crucial role in the country’s economy, facilitating trade and commerce. The TZS is used in various denominations, including coins and banknotes, with the banknotes depicting historical figures and national symbols. The currency's design and security features have evolved to combat counterfeiting and to align with modern currency standards. The Tanzanian Shilling is critical in daily transactions, tourism, and business operations within Tanzania.
History & Origin
The Tanzanian Shilling was introduced following the independence of Tanganyika in 1961, and later the union with Zanzibar in 1964 to form Tanzania. The currency was established to replace the East African Shilling, which had been in use since 1921. The transition to the TZS was aimed at fostering a national identity and economic independence post-colonial rule. The first notes and coins were issued in 1966, with designs reflecting Tanzanian culture and heritage. The official currency was a part of a broader effort to unify the nation after its formation, thus making it a symbol of national pride and economic sovereignty.
Etymology: The name 'Shilling' comes from the Old English 'scilling', which referred to a coin or unit of account. The term has been used in various currencies across England and its colonies.
Current Use
The Tanzanian Shilling is widely used in Tanzania for all forms of transactions, including retail, services, and international trade. It is the primary currency accepted for goods and services across the country, from local markets to major businesses. In the tourism sector, the TZS is often exchanged for foreign currencies like the US Dollar or Euro, facilitating travel and commerce. The central bank manages the currency's value and stability, and while the TZS is stable, it can be influenced by global market trends and economic policies. In addition to physical currency, the TZS is increasingly used in digital formats through mobile banking and fintech applications, enhancing accessibility for Tanzanians. The currency plays a significant role in the daily lives of Tanzanians, impacting savings, investments, and economic growth.
💡 Fun Facts
- •The Tanzanian Shilling was introduced to promote national identity after independence.
- •The currency is printed with vibrant colors and unique designs that reflect Tanzanian culture.
- •Tanzania has a rich variety of coins, including commemorative coins that celebrate national events.
📏 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.