Usd Converter
Convert Usd to Huf 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.
Hungarian ForintFt
Target UnitThe Hungarian Forint (HUF) serves as the official currency of Hungary, established in 1946 following World War II to replace the pengő. The forint is subdivided into 100 fillér, although fillér coins are no longer in active circulation. Governed by the Central Bank of Hungary, the HUF is essential for everyday transactions and international trade involving Hungary. The currency operates under a fiat system without intrinsic value, relying instead on government backing. The HUF is denoted by the symbol 'Ft' and its ISO code is HUF. Exchange rates fluctuate based on economic conditions, impacting its value against other currencies.
Current Use
Today, the Hungarian Forint is used exclusively in Hungary, serving both as a medium of exchange and a unit of account. It is accepted for all transactions ranging from everyday purchases to larger financial dealings. The forint is crucial in the tourism sector, as Hungary attracts visitors who require local currency for purchases. Despite Hungary being a member of the European Union, the forint has not yet adopted the euro, maintaining its status as a national currency.
Fun Fact
The forint was the first currency in the world to be revalued after World War II.
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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
Hungarian Forint
currency • Non-SI
Definition
The Hungarian Forint (HUF) serves as the official currency of Hungary, established in 1946 following World War II to replace the pengő. The forint is subdivided into 100 fillér, although fillér coins are no longer in active circulation. Governed by the Central Bank of Hungary, the HUF is essential for everyday transactions and international trade involving Hungary. The currency operates under a fiat system without intrinsic value, relying instead on government backing. The HUF is denoted by the symbol 'Ft' and its ISO code is HUF. Exchange rates fluctuate based on economic conditions, impacting its value against other currencies.
History & Origin
The Hungarian Forint was introduced on August 1, 1946, replacing the hyperinflated pengő, which had been the currency of Hungary prior. The transition to the forint was aimed at stabilizing the economy after the war. The name 'forint' originates from the Italian city of Florence, where gold coins known as 'florins' were minted. The forint was initially pegged to foreign currencies to maintain stability, and its introduction marked a significant moment in Hungary's economic recovery post-war.
Etymology: The term 'forint' is derived from the Italian word 'fiorino', referring to the gold coins that circulated in Europe during the Renaissance.
Current Use
Today, the Hungarian Forint is used exclusively in Hungary, serving both as a medium of exchange and a unit of account. It is accepted for all transactions ranging from everyday purchases to larger financial dealings. The forint is crucial in the tourism sector, as Hungary attracts visitors who require local currency for purchases. Despite Hungary being a member of the European Union, the forint has not yet adopted the euro, maintaining its status as a national currency.
💡 Fun Facts
- •The forint was the first currency in the world to be revalued after World War II.
- •The term 'forint' is used in various languages, including Hungarian, Italian, and English, illustrating its historic connection.
- •Hungary has been using the forint for over 75 years, making it one of the oldest currencies that is still in use today.
📏 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.