Usd Converter
Convert Usd to Cve 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.
Cabo Verdean EscudoCVE
Target UnitThe Cabo Verdean Escudo (CVE) is the official currency of Cape Verde, established as the country's primary monetary unit since 1930. The currency is subdivided into 100 centavos. The CVE is used primarily in domestic transactions and is not widely traded on international currency markets. It was initially pegged to the Portuguese escudo, which was the currency of Portugal until it was replaced by the Euro. The CVE is issued by the Banco de Cabo Verde and has been subject to various monetary policies to stabilize its value against foreign currencies. The currency plays a crucial role in Cape Verde's economy, which is heavily reliant on tourism and remittances.
Current Use
The Cabo Verdean Escudo (CVE) is used predominantly within Cape Verde for all domestic transactions, including retail purchases, government fees, and local services. The currency is critical for the tourism sector, as most visitors exchange their foreign currency for CVE to engage with local businesses. The CVE is also utilized in remittances sent back to the islands by Cape Verdeans living abroad, which significantly supports the local economy. Despite its limited presence in global markets, the CVE is often exchanged for Euros due to the strong economic ties between Cape Verde and the European Union, particularly in tourism and investment. The exchange rate is closely monitored, and the CVE has been stabilized through prudent monetary policy by the Banco de Cabo Verde.
Fun Fact
The CVE has a unique design featuring cultural symbols from Cape Verde.
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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
Cabo Verdean Escudo
currency • Non-SI
Definition
The Cabo Verdean Escudo (CVE) is the official currency of Cape Verde, established as the country's primary monetary unit since 1930. The currency is subdivided into 100 centavos. The CVE is used primarily in domestic transactions and is not widely traded on international currency markets. It was initially pegged to the Portuguese escudo, which was the currency of Portugal until it was replaced by the Euro. The CVE is issued by the Banco de Cabo Verde and has been subject to various monetary policies to stabilize its value against foreign currencies. The currency plays a crucial role in Cape Verde's economy, which is heavily reliant on tourism and remittances.
History & Origin
The Cabo Verdean Escudo was introduced in 1930, replacing the Portuguese escudo at par as Cape Verde transitioned from a Portuguese colony to a more autonomous territory. The decision to adopt the escudo was influenced by the island's historical ties to Portugal, which shaped its economic and monetary systems. The currency was designed to facilitate trade and improve the economic conditions within the archipelago, which was heavily reliant on imports and foreign aid. The escudo's introduction marked a significant shift in the nation's monetary framework, as it allowed for greater control over local economic policies and currency stability.
Etymology: The term 'escudo' derives from the Spanish word for 'shield,' which was historically used to denote coins and currency in Spain and Portugal.
Current Use
The Cabo Verdean Escudo (CVE) is used predominantly within Cape Verde for all domestic transactions, including retail purchases, government fees, and local services. The currency is critical for the tourism sector, as most visitors exchange their foreign currency for CVE to engage with local businesses. The CVE is also utilized in remittances sent back to the islands by Cape Verdeans living abroad, which significantly supports the local economy. Despite its limited presence in global markets, the CVE is often exchanged for Euros due to the strong economic ties between Cape Verde and the European Union, particularly in tourism and investment. The exchange rate is closely monitored, and the CVE has been stabilized through prudent monetary policy by the Banco de Cabo Verde.
💡 Fun Facts
- •The CVE has a unique design featuring cultural symbols from Cape Verde.
- •The currency is not widely recognized outside of Cape Verde, making it a niche currency.
- •Cape Verde was one of the first African nations to adopt a currency independent from colonial powers.
📏 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.