All Converter
Convert All to Usd and more • 166 conversions
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Unit Explanations
AllALL
Source UnitThe Albanian Lek (ALL) is the official currency of the Republic of Albania, established in 1926. Its name is derived from the word 'lek' which is a historical term for a currency unit used in the region. The Lek is subdivided into 100 qindarka, although qindarka coins are no longer in circulation. The currency symbol is 'ALL', and it is issued by the Bank of Albania. The Lek has undergone several changes in its valuation and design since its introduction, particularly during the transitions of Albania’s political landscape. It plays a crucial role in facilitating trade, economic stability, and transactions within Albania and is accepted in various establishments to promote local commerce.
Current Use
The Albanian Lek is predominantly used within Albania for everyday transactions, including retail purchases, service payments, and business operations. It is accepted in various industries, including tourism, hospitality, and retail, making it essential for both locals and visitors. In Albania, prices for goods and services are commonly expressed in Lek, with cash transactions being prevalent. While credit and debit cards are increasingly used, especially in urban areas, cash remains the preferred method of payment for many, particularly in rural regions. The Lek is also used in international trade with neighboring countries, though it faces competition from the Euro, which is widely accepted in Albania due to its proximity to Eurozone countries. Additionally, the Lek plays a significant role in remittances, as many Albanians abroad send money home in the form of Lek.
Fun Fact
The Albanian Lek has been in use since the 1920s, making it one of the older currencies in the Balkans.
United States Dollar$
Target 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.
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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.
All
currency • Non-SI
Definition
The Albanian Lek (ALL) is the official currency of the Republic of Albania, established in 1926. Its name is derived from the word 'lek' which is a historical term for a currency unit used in the region. The Lek is subdivided into 100 qindarka, although qindarka coins are no longer in circulation. The currency symbol is 'ALL', and it is issued by the Bank of Albania. The Lek has undergone several changes in its valuation and design since its introduction, particularly during the transitions of Albania’s political landscape. It plays a crucial role in facilitating trade, economic stability, and transactions within Albania and is accepted in various establishments to promote local commerce.
History & Origin
The origins of the Albanian Lek can be traced back to the establishment of the Albanian state in the early 20th century. The first Lek was introduced in 1926 to replace the earlier currency, the Albanian gold and silver coins. It was intended to unify the monetary system of Albania and stabilize the economy following years of political upheaval. The Lek was based on the French franc at its inception, which influenced its initial value. Various international factors, including the Balkan Wars and World War I, shaped the economic landscape that led to the adoption of the Lek as a national currency. The currency's design and issuance have evolved over time, with significant changes occurring after the fall of communism in the 1990s, reflecting Albania's transition towards a market economy.
Etymology: The term 'lek' is derived from the name of the medieval Albanian nobleman Lek Dukagjin, symbolizing national identity and the historical significance of the region.
Current Use
The Albanian Lek is predominantly used within Albania for everyday transactions, including retail purchases, service payments, and business operations. It is accepted in various industries, including tourism, hospitality, and retail, making it essential for both locals and visitors. In Albania, prices for goods and services are commonly expressed in Lek, with cash transactions being prevalent. While credit and debit cards are increasingly used, especially in urban areas, cash remains the preferred method of payment for many, particularly in rural regions. The Lek is also used in international trade with neighboring countries, though it faces competition from the Euro, which is widely accepted in Albania due to its proximity to Eurozone countries. Additionally, the Lek plays a significant role in remittances, as many Albanians abroad send money home in the form of Lek.
💡 Fun Facts
- •The Albanian Lek has been in use since the 1920s, making it one of the older currencies in the Balkans.
- •Despite its stability, the Lek is often overshadowed by the Euro, which is widely accepted in Albania.
- •The Lek has undergone several redesigns, with the current series featuring notable Albanian figures and landmarks.
📏 Real-World Examples
🔗 Related Units
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
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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 ?▼
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