Usd Converter
Convert Usd to Jmd 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.
Jamaican DollarJMD
Target UnitThe Jamaican Dollar (JMD) is the currency of Jamaica, subdivided into 100 cents. It is recognized by the ISO 4217 code 'JMD'. The currency operates under the Jamaican Monetary Authority and is used for all transactions within the country. JMD has undergone several changes in value and has experienced periods of inflation and devaluation since its introduction. The currency is essential for trade, tourism, and local economy, being utilized in various forms including banknotes and coins.
Current Use
Today, the Jamaican Dollar is widely used for all domestic transactions in Jamaica, serving as the primary means of exchange in the local economy. It is accepted in retail, hospitality, and service industries. The currency is also utilized in international trades and is convertible to major foreign currencies. The exchange rate is subject to daily fluctuations, influenced by market demands and foreign investment.
Fun Fact
The Jamaican Dollar is the only currency in the world that has a unique symbol (JMD).
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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
Jamaican Dollar
currency • Non-SI
Definition
The Jamaican Dollar (JMD) is the currency of Jamaica, subdivided into 100 cents. It is recognized by the ISO 4217 code 'JMD'. The currency operates under the Jamaican Monetary Authority and is used for all transactions within the country. JMD has undergone several changes in value and has experienced periods of inflation and devaluation since its introduction. The currency is essential for trade, tourism, and local economy, being utilized in various forms including banknotes and coins.
History & Origin
The Jamaican Dollar was introduced in 1969, replacing the Jamaican pound at a rate of 1 pound to 2 dollars. The decision was made to simplify the currency system and align with the decimal system, which is easier for transactions. The first banknotes were issued by the Bank of Jamaica and featured images of national heroes, symbols of Jamaican culture, and important historical events.
Etymology: The term 'dollar' is derived from the Spanish word 'dólar', which itself comes from the Thaler, a silver coin used in Europe. The Jamaican Dollar reflects the influence of various currencies that have been in circulation throughout Jamaica's history.
Current Use
Today, the Jamaican Dollar is widely used for all domestic transactions in Jamaica, serving as the primary means of exchange in the local economy. It is accepted in retail, hospitality, and service industries. The currency is also utilized in international trades and is convertible to major foreign currencies. The exchange rate is subject to daily fluctuations, influenced by market demands and foreign investment.
💡 Fun Facts
- •The Jamaican Dollar is the only currency in the world that has a unique symbol (JMD).
- •Jamaica has one of the highest inflation rates in the Caribbean, impacting the value of the JMD.
- •The Jamaican Dollar was initially pegged to the US dollar but has since floated freely, allowing for market-driven exchange rates.
📏 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.