Usd Converter
Convert Usd to Kes 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.
Kenyan ShillingKSh
Target UnitThe Kenyan Shilling (KES) is the official currency of Kenya, introduced in 1966 to replace the East African shilling. The currency is subdivided into 100 cents, represented by the symbol 'KSh'. The shilling is regulated by the Central Bank of Kenya, overseeing its issuance and ensuring monetary stability. The current design features notable Kenyan figures and national symbols. The Kenyan Shilling is used in daily transactions across various sectors, including retail, services, and government, and is crucial for economic stability. Its exchange rates fluctuate against major currencies due to market demand and economic indicators.
Current Use
The Kenyan Shilling is widely used across various sectors in Kenya, including retail, agriculture, tourism, and services. In 2021, the Central Bank reported that the KES was highly liquid, with a significant volume of transactions occurring daily. The currency is also utilized in regional trade with neighboring countries, making it a vital instrument for economic exchanges. It is accepted for all forms of transactions, from high-value commodity trading to everyday purchases in local markets. Businesses often engage in foreign exchange markets to manage currency risks associated with international trade.
Fun Fact
The Kenyan Shilling has been in use since 1966 and was introduced to promote economic independence.
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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
Kenyan Shilling
currency • Non-SI
Definition
The Kenyan Shilling (KES) is the official currency of Kenya, introduced in 1966 to replace the East African shilling. The currency is subdivided into 100 cents, represented by the symbol 'KSh'. The shilling is regulated by the Central Bank of Kenya, overseeing its issuance and ensuring monetary stability. The current design features notable Kenyan figures and national symbols. The Kenyan Shilling is used in daily transactions across various sectors, including retail, services, and government, and is crucial for economic stability. Its exchange rates fluctuate against major currencies due to market demand and economic indicators.
History & Origin
The Kenyan Shilling was introduced as Kenya's official currency on 14 June 1966, replacing the East African shilling at par. This transition marked the end of the shared currency system among the East African nations. The need for a national currency arose from the desire for monetary independence and to support Kenya's unique economic policies post-independence. The early designs of the Kenyan Shilling featured traditional Kenyan motifs, reflecting the country's culture and history. The Central Bank of Kenya was established to oversee the issuance and regulation of the currency, ensuring stability and integrity in its use.
Etymology: The term 'shilling' originates from the Old English 'scilling', which referred to a coin used in Anglo-Saxon England.
Current Use
The Kenyan Shilling is widely used across various sectors in Kenya, including retail, agriculture, tourism, and services. In 2021, the Central Bank reported that the KES was highly liquid, with a significant volume of transactions occurring daily. The currency is also utilized in regional trade with neighboring countries, making it a vital instrument for economic exchanges. It is accepted for all forms of transactions, from high-value commodity trading to everyday purchases in local markets. Businesses often engage in foreign exchange markets to manage currency risks associated with international trade.
💡 Fun Facts
- •The Kenyan Shilling has been in use since 1966 and was introduced to promote economic independence.
- •The KES has undergone multiple redesigns to incorporate advanced security features, including watermarks and holograms.
- •Kenya was one of the first African countries to adopt polymer banknotes, enhancing durability.
📏 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.