Usd Converter
Convert Usd to Irr 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.
Iranian RialIRR
Target UnitThe Iranian Rial (IRR) serves as the official currency of the Islamic Republic of Iran. It is subdivided into 10 rials, with the term 'rial' originating from the Spanish word 'real', which was used in various currencies. The Iranian government issues the rial in both paper and coin forms, with paper notes being available in denominations ranging from 1,000 to 100,000 IRR. The rial is also notable for its volatility in international exchange markets, influenced by numerous economic factors including oil prices, sanctions, and domestic inflation. As a result, the exchange rate can fluctuate significantly, making the rial a subject of interest for currency traders and economists alike.
Current Use
The Iranian Rial is primarily used within the borders of Iran for all domestic transactions. Its volatile nature has led to the emergence of unofficial currency markets, where the rial is often traded at rates significantly different from the official rates. Many businesses and individuals in Iran also engage in barter or use foreign currencies, particularly the US dollar and Euro, for significant transactions. Industries such as oil and gas, which are crucial to Iran's economy, often see pricing in foreign currencies due to the instability of the rial. Despite its challenges, the rial is still accepted for everyday purchases, from groceries to larger investments in real estate and commodities.
Fun Fact
The Iranian Rial has experienced one of the highest inflation rates globally, affecting its purchasing power significantly.
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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
Iranian Rial
currency • Non-SI
Definition
The Iranian Rial (IRR) serves as the official currency of the Islamic Republic of Iran. It is subdivided into 10 rials, with the term 'rial' originating from the Spanish word 'real', which was used in various currencies. The Iranian government issues the rial in both paper and coin forms, with paper notes being available in denominations ranging from 1,000 to 100,000 IRR. The rial is also notable for its volatility in international exchange markets, influenced by numerous economic factors including oil prices, sanctions, and domestic inflation. As a result, the exchange rate can fluctuate significantly, making the rial a subject of interest for currency traders and economists alike.
History & Origin
The Iranian Rial was introduced in 1932, replacing the Qajar dynasty's currency, the toman, at a rate of 1 rial = 1,000 tomans. It was established as a part of Iran's modernization efforts under Reza Shah Pahlavi, who aimed to create a stable and uniform monetary system. This shift was influenced by the country's need to standardize its currency in line with global practices. The rial has gone through several changes in its valuation and denominations, particularly during periods of economic crisis and hyperinflation, leading to various adjustments in its structure and issuance.
Etymology: The term 'rial' is derived from the Spanish word 'real', which originally referred to the Spanish dollar, a currency widely used in global trade during the 18th century.
Current Use
The Iranian Rial is primarily used within the borders of Iran for all domestic transactions. Its volatile nature has led to the emergence of unofficial currency markets, where the rial is often traded at rates significantly different from the official rates. Many businesses and individuals in Iran also engage in barter or use foreign currencies, particularly the US dollar and Euro, for significant transactions. Industries such as oil and gas, which are crucial to Iran's economy, often see pricing in foreign currencies due to the instability of the rial. Despite its challenges, the rial is still accepted for everyday purchases, from groceries to larger investments in real estate and commodities.
💡 Fun Facts
- •The Iranian Rial has experienced one of the highest inflation rates globally, affecting its purchasing power significantly.
- •Due to hyperinflation, the Central Bank of Iran has issued banknotes in increasingly higher denominations, including a 100,000 rial note.
- •The rial is often traded in unofficial markets where its value can differ from the official exchange rates by a significant margin.
📏 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.