Amd Converter
Convert Amd to Usd and more • 166 conversions
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Unit Explanations
Armenian Dram֏
Source UnitThe Armenian dram (AMD) is the official currency of Armenia, established in 1993 following the country's independence from the Soviet Union. It is subdivided into 100 luma and is issued in both coins and banknotes of various denominations. The dram symbol, ֏, is derived from the historical Armenian currency system and reflects the cultural heritage of the nation. The currency's value is influenced by economic factors such as inflation, foreign exchange rates, and the nation’s fiscal policy. The dram is regulated by the Central Bank of Armenia, which is responsible for maintaining monetary stability and controlling the money supply. As a floating currency, its exchange rate can fluctuate based on market demand.
Current Use
Today, the Armenian dram (AMD) serves as the primary medium of exchange within Armenia, facilitating everyday transactions for goods and services. It is widely accepted in all sectors, including retail, services, and hospitality. The currency is also used in neighboring regions, reflecting Armenia's trade relationships and economic interactions. Internationally, the dram is convertible, though it may not be as widely recognized as major currencies like the Euro or US dollar. In recent years, the Central Bank has taken steps to enhance the dram's stability and strengthen public confidence, including engaging in foreign exchange interventions when necessary. The dram's value is closely monitored against major currencies, impacting import and export activities within Armenia.
Fun Fact
The Armenian dram was reintroduced in 1993, replacing the Soviet ruble.
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.
Armenian Dram
currency • Non-SI
Definition
The Armenian dram (AMD) is the official currency of Armenia, established in 1993 following the country's independence from the Soviet Union. It is subdivided into 100 luma and is issued in both coins and banknotes of various denominations. The dram symbol, ֏, is derived from the historical Armenian currency system and reflects the cultural heritage of the nation. The currency's value is influenced by economic factors such as inflation, foreign exchange rates, and the nation’s fiscal policy. The dram is regulated by the Central Bank of Armenia, which is responsible for maintaining monetary stability and controlling the money supply. As a floating currency, its exchange rate can fluctuate based on market demand.
History & Origin
The origin of the Armenian dram can be traced back to the ancient Armenian currency systems, where various forms of currency were utilized throughout history, including silver and gold coins. The modern dram was introduced in 1993 as a result of Armenia's transition to a market economy after the dissolution of the Soviet Union. This transition was crucial for Armenia to establish its own monetary identity and economic independence, reflecting its national sovereignty and desire for self-determination.
Etymology: The term 'dram' is derived from the Greek word 'drachma,' which historically referred to a unit of weight and currency in ancient Greece.
Current Use
Today, the Armenian dram (AMD) serves as the primary medium of exchange within Armenia, facilitating everyday transactions for goods and services. It is widely accepted in all sectors, including retail, services, and hospitality. The currency is also used in neighboring regions, reflecting Armenia's trade relationships and economic interactions. Internationally, the dram is convertible, though it may not be as widely recognized as major currencies like the Euro or US dollar. In recent years, the Central Bank has taken steps to enhance the dram's stability and strengthen public confidence, including engaging in foreign exchange interventions when necessary. The dram's value is closely monitored against major currencies, impacting import and export activities within Armenia.
💡 Fun Facts
- •The Armenian dram was reintroduced in 1993, replacing the Soviet ruble.
- •The currency symbol, ֏, was officially adopted in 2006 to represent the dram.
- •The Central Bank of Armenia aims for a stable inflation target of around 4% annually.
📏 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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