Usd Converter
Convert Usd to Uzs 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.
Uzbekistani SomUZS
Target UnitThe Uzbekistani Som (UZS) is the official currency of Uzbekistan, introduced in 1994 to replace the Soviet ruble. The currency is subdivided into 100 tiyin, although tiyin coins are not commonly used in everyday transactions. The UZS is issued by the Central Bank of Uzbekistan and is utilized in all legal transactions within the country. It functions as a fiat currency, meaning its value is not backed by a physical commodity but rather by the trust and stability of the government that issues it. The UZS has undergone several fluctuations due to economic reforms and changes in monetary policy, reflecting the broader economic landscape of Uzbekistan. As a currency, it facilitates trade, investment, and tourism within Uzbekistan, making it a vital component of the national economy.
Current Use
The Uzbekistani Som (UZS) is primarily used within Uzbekistan for all financial transactions, including retail purchases, business operations, and government services. The currency plays a crucial role in the daily life of citizens, as it is the primary medium of exchange in all sectors. The UZS is accepted in various forms, including banknotes and coins, with larger transactions typically handled electronically via bank transfers or mobile payments. While the som is not widely used outside of Uzbekistan, it is essential for trade with neighboring countries where transactions may occur in UZS or through currency exchange. In recent years, Uzbekistan has seen a rise in tourism, further increasing the demand for the som as international visitors exchange their currencies for local use. The Central Bank regularly monitors and adjusts monetary policy to maintain the stability and value of the som in the face of economic changes.
Fun Fact
The UZS was introduced in 1994, making it relatively young compared to other global currencies.
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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
Uzbekistani Som
currency • Non-SI
Definition
The Uzbekistani Som (UZS) is the official currency of Uzbekistan, introduced in 1994 to replace the Soviet ruble. The currency is subdivided into 100 tiyin, although tiyin coins are not commonly used in everyday transactions. The UZS is issued by the Central Bank of Uzbekistan and is utilized in all legal transactions within the country. It functions as a fiat currency, meaning its value is not backed by a physical commodity but rather by the trust and stability of the government that issues it. The UZS has undergone several fluctuations due to economic reforms and changes in monetary policy, reflecting the broader economic landscape of Uzbekistan. As a currency, it facilitates trade, investment, and tourism within Uzbekistan, making it a vital component of the national economy.
History & Origin
The Uzbekistani Som was introduced in 1994 following Uzbekistan's independence from the Soviet Union in 1991. Prior to that, the country used the Soviet ruble, which became less stable as the Soviet economy collapsed. The transition to the som was part of a broader reform to establish a national economy and currency system separate from the Soviet legacy. The term 'som' is derived from a Persian word meaning 'pure' or 'clean,' symbolizing the desire for a fresh start in the nation's economic policy and currency stability. The first banknotes were issued in denominations of 1, 5, 10, 20, 50, and 100 som, while coins were also minted to assist in everyday transactions.
Etymology: The word 'som' is derived from the Persian word 'سوم' (som), which translates to 'pure' or 'clean.' This reflects the aspirations of the Uzbek people for a new and stable currency post-independence.
Current Use
The Uzbekistani Som (UZS) is primarily used within Uzbekistan for all financial transactions, including retail purchases, business operations, and government services. The currency plays a crucial role in the daily life of citizens, as it is the primary medium of exchange in all sectors. The UZS is accepted in various forms, including banknotes and coins, with larger transactions typically handled electronically via bank transfers or mobile payments. While the som is not widely used outside of Uzbekistan, it is essential for trade with neighboring countries where transactions may occur in UZS or through currency exchange. In recent years, Uzbekistan has seen a rise in tourism, further increasing the demand for the som as international visitors exchange their currencies for local use. The Central Bank regularly monitors and adjusts monetary policy to maintain the stability and value of the som in the face of economic changes.
💡 Fun Facts
- •The UZS was introduced in 1994, making it relatively young compared to other global currencies.
- •The name 'som' has historical significance, linking it to the region's Persian heritage.
- •In 2017, Uzbekistan transitioned to a floating exchange rate, which was a significant step towards economic reform.
📏 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.