Usd Converter
Convert Usd to Czk 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.
Czech KorunaKč
Target UnitThe Czech koruna (CZK) is the official currency of the Czech Republic, introduced in 1993 after the dissolution of Czechoslovakia. It is subdivided into 100 haléřů, although haléř coins are no longer in circulation. The koruna is issued by the Czech National Bank (ČNB), which maintains monetary stability and manages the currency's value. The symbol for the koruna is 'Kč', and it is frequently denoted by 'CZK' in international contexts. The koruna is a fiat currency, meaning it has value because the government maintains it and people have faith in its value. The exchange rate of the koruna fluctuates against other currencies based on economic conditions, inflation rates, and interest rates, making it a significant part of the global financial system.
Current Use
The Czech koruna is predominantly used within the Czech Republic, where it serves as the primary medium of exchange for goods and services. It is recognized for its stability and is often used by foreign investors and businesses operating in the region. The koruna plays a crucial role in various sectors, including tourism, retail, and international trade. The currency is also a subject of interest for forex traders and financial analysts, given its fluctuation against major currencies like the Euro and the US Dollar. In the context of the European Union, although the Czech Republic is a member, it has opted to maintain its currency instead of adopting the Euro, which reflects the nation’s focus on preserving its monetary policy autonomy. The koruna is accepted in a wide range of transactions, from daily consumer purchases to large-scale business dealings.
Fun Fact
The Czech koruna is one of the few currencies in the EU that is not pegged to the Euro.
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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
Czech Koruna
currency • Non-SI
Definition
The Czech koruna (CZK) is the official currency of the Czech Republic, introduced in 1993 after the dissolution of Czechoslovakia. It is subdivided into 100 haléřů, although haléř coins are no longer in circulation. The koruna is issued by the Czech National Bank (ČNB), which maintains monetary stability and manages the currency's value. The symbol for the koruna is 'Kč', and it is frequently denoted by 'CZK' in international contexts. The koruna is a fiat currency, meaning it has value because the government maintains it and people have faith in its value. The exchange rate of the koruna fluctuates against other currencies based on economic conditions, inflation rates, and interest rates, making it a significant part of the global financial system.
History & Origin
The origin of the Czech koruna can be traced back to the currency systems of the Kingdom of Bohemia and later the Austro-Hungarian Empire. Before the koruna was established, Czechoslovakia used the Czechoslovak koruna, which was introduced in 1920. Following the peaceful split of Czechoslovakia into the Czech Republic and Slovakia in 1993, the Czech koruna was adopted as the new national currency for the Czech Republic. The koruna symbolically represents the economic independence of the nation and its transition to a market economy after the fall of communism.
Etymology: The term 'koruna' translates to 'crown' in English, derived from the Latin word 'corona', which refers to a crown or garland.
Current Use
The Czech koruna is predominantly used within the Czech Republic, where it serves as the primary medium of exchange for goods and services. It is recognized for its stability and is often used by foreign investors and businesses operating in the region. The koruna plays a crucial role in various sectors, including tourism, retail, and international trade. The currency is also a subject of interest for forex traders and financial analysts, given its fluctuation against major currencies like the Euro and the US Dollar. In the context of the European Union, although the Czech Republic is a member, it has opted to maintain its currency instead of adopting the Euro, which reflects the nation’s focus on preserving its monetary policy autonomy. The koruna is accepted in a wide range of transactions, from daily consumer purchases to large-scale business dealings.
💡 Fun Facts
- •The Czech koruna is one of the few currencies in the EU that is not pegged to the Euro.
- •The koruna was introduced in a period of significant economic transformation post-communism.
- •Czech coins feature iconic figures from Czech history and culture, including famous authors and musicians.
📏 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.