Usd Converter
Convert Usd to Hkd 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.
Hong Kong DollarHKD
Target UnitThe Hong Kong Dollar (HKD) is the official currency of the Hong Kong Special Administrative Region of the People's Republic of China. It is abbreviated as HKD and is subdivided into 100 cents. The currency is issued by the Hong Kong Monetary Authority and is pegged to the US dollar under a linked exchange rate system. This peg has been maintained since 1983, which provides stability against fluctuations in global markets. The HKD is widely used in international trade, finance, and tourism, making it an important currency in the Asia-Pacific region. Banknotes are issued in denominations of 10, 20, 50, 100, 500, and 1000 HKD, while coins come in denominations of 10 cents, 20 cents, 50 cents, 1 dollar, 2 dollars, 5 dollars, and 10 dollars.
Current Use
The Hong Kong Dollar is widely used in various sectors including finance, trade, and tourism. It serves as a primary currency for everyday transactions in Hong Kong, with businesses, shops, and restaurants accepting HKD for purchases. Internationally, the HKD is a key player in the Asia-Pacific financial markets, utilized by investors and traders for currency exchange and investment strategies. Furthermore, the HKD is popular among tourists visiting Hong Kong, as it allows for seamless transactions within the region. Financial institutions and banks in Hong Kong offer a range of services in HKD, including savings accounts, loans, and investment products. The currency is also involved in regional trade agreements and economic partnerships within Asia.
Fun Fact
The HKD is one of the most traded currencies in Asia.
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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
Hong Kong Dollar
currency • Non-SI
Definition
The Hong Kong Dollar (HKD) is the official currency of the Hong Kong Special Administrative Region of the People's Republic of China. It is abbreviated as HKD and is subdivided into 100 cents. The currency is issued by the Hong Kong Monetary Authority and is pegged to the US dollar under a linked exchange rate system. This peg has been maintained since 1983, which provides stability against fluctuations in global markets. The HKD is widely used in international trade, finance, and tourism, making it an important currency in the Asia-Pacific region. Banknotes are issued in denominations of 10, 20, 50, 100, 500, and 1000 HKD, while coins come in denominations of 10 cents, 20 cents, 50 cents, 1 dollar, 2 dollars, 5 dollars, and 10 dollars.
History & Origin
The Hong Kong Dollar has its roots in the Spanish dollar, also known as the piece of eight, which was widely used in international trade during the 19th century. The first official issuance of banknotes in Hong Kong occurred in 1863 by the Hong Kong and Shanghai Banking Corporation. The currency was established to facilitate trade and commerce in a rapidly growing port city. In the late 19th century, the HKD began to replace other currencies in use, becoming the primary medium of exchange in Hong Kong.
Etymology: The term 'dollar' is derived from the Spanish 'dólar,' which itself originates from the Joachimsthaler, a silver coin minted in the 16th century in the town of Joachimstal in present-day Czech Republic.
Current Use
The Hong Kong Dollar is widely used in various sectors including finance, trade, and tourism. It serves as a primary currency for everyday transactions in Hong Kong, with businesses, shops, and restaurants accepting HKD for purchases. Internationally, the HKD is a key player in the Asia-Pacific financial markets, utilized by investors and traders for currency exchange and investment strategies. Furthermore, the HKD is popular among tourists visiting Hong Kong, as it allows for seamless transactions within the region. Financial institutions and banks in Hong Kong offer a range of services in HKD, including savings accounts, loans, and investment products. The currency is also involved in regional trade agreements and economic partnerships within Asia.
💡 Fun Facts
- •The HKD is one of the most traded currencies in Asia.
- •It has a unique peg to the USD that has been maintained for over three decades.
- •Hong Kong has a vibrant street food culture, where local dishes often cost less than 50 HKD.
📏 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.