Usd Converter
Convert Usd to Ils 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.
New Israeli ShekelILS
Target UnitThe New Israeli Shekel (ILS) is the official currency of Israel, introduced in 1985 to replace the old Israeli shekel at a conversion rate of 1,000 to 1. The symbol for the new shekel is ₪, and it is subdivided into 100 agorot. The currency is regulated by the Bank of Israel, which issues banknotes and coins in various denominations. ILS is widely used in domestic transactions and plays a significant role in the Israeli economy, facilitating trade, investment, and consumption.
Current Use
The New Israeli Shekel is primarily used within Israel for all monetary transactions. It is accepted for goods and services, including retail, services, and international trade. The currency is also utilized in the Palestinian territories and is sometimes used as a reference currency in regional trade.
Fun Fact
The New Israeli Shekel is often abbreviated as ILS, which stands for 'Israeli New Shekel.'
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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
New Israeli Shekel
currency • Non-SI
Definition
The New Israeli Shekel (ILS) is the official currency of Israel, introduced in 1985 to replace the old Israeli shekel at a conversion rate of 1,000 to 1. The symbol for the new shekel is ₪, and it is subdivided into 100 agorot. The currency is regulated by the Bank of Israel, which issues banknotes and coins in various denominations. ILS is widely used in domestic transactions and plays a significant role in the Israeli economy, facilitating trade, investment, and consumption.
History & Origin
The New Israeli Shekel was introduced on January 1, 1986, as a response to hyperinflation experienced by Israel in the early 1980s. The previous currency, the old Israeli shekel, had become nearly worthless, leading to the introduction of a more stable currency system. The name 'shekel' has ancient origins, dating back to biblical times when it referred to a unit of weight and currency used in commerce.
Etymology: The word 'shekel' comes from the ancient Hebrew word 'sheqel,' which means 'to weigh' and was used to refer to various weights and currencies in ancient Israel.
Current Use
The New Israeli Shekel is primarily used within Israel for all monetary transactions. It is accepted for goods and services, including retail, services, and international trade. The currency is also utilized in the Palestinian territories and is sometimes used as a reference currency in regional trade.
💡 Fun Facts
- •The New Israeli Shekel is often abbreviated as ILS, which stands for 'Israeli New Shekel.'
- •The symbol ₪ is derived from the Hebrew word for 'shekel' and is used widely in pricing.
- •Israel's economy is one of the most advanced in the Middle East, and the ILS is a symbol of its economic stability.
📏 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.