Usd Converter
Convert Usd to Gip 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.
Gibraltar PoundGIP
Target UnitThe Gibraltar Pound (GIP) is the official currency of Gibraltar, introduced in 1927. It is pegged at par with the British Pound Sterling (GBP), meaning that one Gibraltar Pound is equivalent to one British Pound. The GIP is subdivided into 100 pence and is used primarily in Gibraltar, although GBP is also accepted. The Gibraltar Pound features distinct designs, including images of the Rock of Gibraltar and the British monarch, which reflects its cultural identity. Despite being a British Overseas Territory, the Gibraltar Pound is a separate currency with its own banknotes and coins, displaying local symbols and figures that celebrate Gibraltar's heritage.
Current Use
The Gibraltar Pound is primarily used within Gibraltar for everyday transactions, including retail purchases, government services, and local businesses. It is accepted at par with the British Pound Sterling, which makes it convenient for visitors and residents alike. The GIP is frequently used in the tourism sector, which is vital for Gibraltar's economy. The currency is also utilized in financial transactions, such as property purchases and commercial dealings within the territory. Local banks issue Gibraltar Pounds, and the currency is available in various denominations, making it accessible for daily use. Despite its limited geographical use, the Gibraltar Pound plays a significant role in promoting the local economy and maintaining economic stability in the region.
Fun Fact
The Gibraltar Pound is often referred to as 'GIP' in international exchanges.
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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
Gibraltar Pound
currency • Non-SI
Definition
The Gibraltar Pound (GIP) is the official currency of Gibraltar, introduced in 1927. It is pegged at par with the British Pound Sterling (GBP), meaning that one Gibraltar Pound is equivalent to one British Pound. The GIP is subdivided into 100 pence and is used primarily in Gibraltar, although GBP is also accepted. The Gibraltar Pound features distinct designs, including images of the Rock of Gibraltar and the British monarch, which reflects its cultural identity. Despite being a British Overseas Territory, the Gibraltar Pound is a separate currency with its own banknotes and coins, displaying local symbols and figures that celebrate Gibraltar's heritage.
History & Origin
The Gibraltar Pound was introduced in 1927 as Gibraltar transitioned to its own currency system. Before this, the currency used was the British Pound, which was the primary currency for the territory. The establishment of the Gibraltar Pound aimed to provide a more localized economic identity and facilitate trade within the region. The decision to create a separate currency was influenced by the unique historical and geopolitical context of Gibraltar, which has been a strategic naval base and a point of interest for various nations throughout history.
Etymology: The term 'Gibraltar' originates from the Arabic name 'Jabal Tariq,' meaning 'Mountain of Tariq,' named after the Berber general Tariq ibn Ziyad.
Current Use
The Gibraltar Pound is primarily used within Gibraltar for everyday transactions, including retail purchases, government services, and local businesses. It is accepted at par with the British Pound Sterling, which makes it convenient for visitors and residents alike. The GIP is frequently used in the tourism sector, which is vital for Gibraltar's economy. The currency is also utilized in financial transactions, such as property purchases and commercial dealings within the territory. Local banks issue Gibraltar Pounds, and the currency is available in various denominations, making it accessible for daily use. Despite its limited geographical use, the Gibraltar Pound plays a significant role in promoting the local economy and maintaining economic stability in the region.
💡 Fun Facts
- •The Gibraltar Pound is often referred to as 'GIP' in international exchanges.
- •Despite being a separate currency, the Gibraltar Pound is accepted in the UK, but not vice versa.
- •The GIP features iconic images of the Rock of Gibraltar on its banknotes.
📏 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.