Usd Converter
Convert Usd to Etb 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.
Ethiopian BirrETB
Target UnitThe Ethiopian Birr (ETB) is the official currency of Ethiopia, introduced in 1945 to replace the Ethiopian dollar at a rate of 1 Birr for 100 cents. The Birr is managed by the National Bank of Ethiopia and is used in all forms of transactions within the country. The currency symbol is 'Br' and it is recognized internationally with the ISO 4217 currency code ETB. The Birr plays a vital role in the Ethiopian economy, influencing both domestic and international trade.
Current Use
The Ethiopian Birr is primarily used in Ethiopia for all economic transactions, including retail purchases, services, and government expenditures. It is vital for both local and international trade, as it is used to price goods and services in the Ethiopian market. The currency is also involved in remittances sent by Ethiopians living abroad, impacting the country's economy significantly.
Fun Fact
Ethiopia is one of the few countries that uses a calendar system different from the Gregorian calendar, affecting financial transactions.
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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
Ethiopian Birr
currency • Non-SI
Definition
The Ethiopian Birr (ETB) is the official currency of Ethiopia, introduced in 1945 to replace the Ethiopian dollar at a rate of 1 Birr for 100 cents. The Birr is managed by the National Bank of Ethiopia and is used in all forms of transactions within the country. The currency symbol is 'Br' and it is recognized internationally with the ISO 4217 currency code ETB. The Birr plays a vital role in the Ethiopian economy, influencing both domestic and international trade.
History & Origin
The Ethiopian Birr was introduced in 1945, replacing the Ethiopian dollar as part of a monetary reform aimed at stabilizing the economy post-World War II. The Birr has undergone several changes since its inception, including the introduction of banknotes and coins in various denominations to facilitate trade and commerce. The currency underwent a significant redesign in 1997 to combat counterfeiting and modernize its appearance.
Etymology: The term 'Birr' is derived from the Arabic word 'بِرّ', which means 'goodness' or 'virtue'. This reflects the currency's role in facilitating trade and economic interactions.
Current Use
The Ethiopian Birr is primarily used in Ethiopia for all economic transactions, including retail purchases, services, and government expenditures. It is vital for both local and international trade, as it is used to price goods and services in the Ethiopian market. The currency is also involved in remittances sent by Ethiopians living abroad, impacting the country's economy significantly.
💡 Fun Facts
- •Ethiopia is one of the few countries that uses a calendar system different from the Gregorian calendar, affecting financial transactions.
- •The Birr is not just a currency but also features iconic images of Ethiopian culture and heritage on its banknotes.
- •The Ethiopian Birr is subdivided into 100 cents, but coins of cents have become rare in circulation.
📏 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.