Usd Converter
Convert Usd to Djf 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.
Djiboutian FrancFDJ
Target UnitThe Djiboutian Franc (DJF) is the official currency used in the Republic of Djibouti, pegged to the US dollar at a fixed rate. It is subdivided into 100 centimes and has been in circulation since 1949. The Djiboutian franc is issued by the Central Bank of Djibouti and is primarily used for domestic transactions. Although the currency is not widely traded on international markets, it plays a crucial role in the local economy, influencing pricing, wages, and investments. The symbol for the Djiboutian Franc is FDJ, which is often used in financial documents and transactions to represent the currency. Its stability is maintained through its peg to the US dollar, reflecting Djibouti's economic ties and reliance on foreign trade.
Current Use
The Djiboutian franc is used exclusively in the Republic of Djibouti for all transactions, including retail, banking, and government operations. It is critical in various industries such as tourism, trade, and services, where it facilitates financial exchanges and pricing. The currency is also employed in informal markets, where cash transactions are common. Although Djibouti's economy is heavily influenced by foreign currencies, particularly the US dollar and the euro, the Djiboutian franc remains the backbone of everyday commerce. Businesses, from small vendors to large enterprises, rely on the franc for pricing goods and services, and its stability is essential for consumer confidence. Moreover, the currency's fixed exchange rate with the US dollar aids in maintaining predictable pricing for imports and exports, benefiting international trade. The Djiboutian government also uses the franc for taxation, public salaries, and investment in infrastructure, making it a vital component of the nation's economic health.
Fun Fact
Djibouti is one of the smallest countries in Africa, but it has a vibrant economy influenced by its strategic location.
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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
Djiboutian Franc
currency • Non-SI
Definition
The Djiboutian Franc (DJF) is the official currency used in the Republic of Djibouti, pegged to the US dollar at a fixed rate. It is subdivided into 100 centimes and has been in circulation since 1949. The Djiboutian franc is issued by the Central Bank of Djibouti and is primarily used for domestic transactions. Although the currency is not widely traded on international markets, it plays a crucial role in the local economy, influencing pricing, wages, and investments. The symbol for the Djiboutian Franc is FDJ, which is often used in financial documents and transactions to represent the currency. Its stability is maintained through its peg to the US dollar, reflecting Djibouti's economic ties and reliance on foreign trade.
History & Origin
The Djiboutian Franc has its roots in the French franc, as Djibouti was formerly known as French Somaliland. The currency was first introduced in 1949, replacing the French franc at a rate of 1 DJF to 1.5 French francs. This change was part of a broader effort to establish a national currency that reflects Djibouti's sovereignty and economic independence. The establishment of the Djiboutian franc came during a period of significant political change in the region, with many African nations seeking to assert their independence following colonial rule. The currency was designed to facilitate trade within the country and with neighboring nations, aiming to stabilize the economy and promote local commerce.
Etymology: The term 'franc' is derived from the Latin word 'Francus,' meaning 'free' or 'free man.'
Current Use
The Djiboutian franc is used exclusively in the Republic of Djibouti for all transactions, including retail, banking, and government operations. It is critical in various industries such as tourism, trade, and services, where it facilitates financial exchanges and pricing. The currency is also employed in informal markets, where cash transactions are common. Although Djibouti's economy is heavily influenced by foreign currencies, particularly the US dollar and the euro, the Djiboutian franc remains the backbone of everyday commerce. Businesses, from small vendors to large enterprises, rely on the franc for pricing goods and services, and its stability is essential for consumer confidence. Moreover, the currency's fixed exchange rate with the US dollar aids in maintaining predictable pricing for imports and exports, benefiting international trade. The Djiboutian government also uses the franc for taxation, public salaries, and investment in infrastructure, making it a vital component of the nation's economic health.
💡 Fun Facts
- •Djibouti is one of the smallest countries in Africa, but it has a vibrant economy influenced by its strategic location.
- •The Djiboutian franc is pegged to the US dollar, which helps stabilize its value against inflation.
- •Djibouti has no significant natural resources, making its economy heavily reliant on services and trade.
📏 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.