Usd Converter
Convert Usd to Lrd 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.
Liberian DollarLRD
Target UnitThe Liberian Dollar (LRD) is the official currency of Liberia, established in 1943 to replace the United States Dollar which was used in the country prior to that time. It is subdivided into 100 cents and is issued in both coins and banknotes. The currency is managed by the Central Bank of Liberia and is used to facilitate trade and economic activities within the country. The LRD operates alongside the US Dollar, which is widely accepted for transactions due to Liberia's historical ties with the United States. The monetary policy regarding the LRD is governed by regulations set forth by the Central Bank to ensure stability in its exchange rates and inflation control, making it crucial for both domestic and foreign investments.
Current Use
The Liberian Dollar (LRD) is primarily used within Liberia for all types of transactions, from retail purchases to government payments. The currency circulates alongside the United States Dollar, which is commonly accepted in most commercial transactions. The dual currency system helps stabilize the economy, especially in times of inflation. In the financial sector, the LRD is utilized in banking operations for local loans and deposits, while the US Dollar is often favored for international trade. Various industries in Liberia, including agriculture, mining, and services, rely on the LRD for domestic transactions, while foreign investments are typically denominated in USD. The Central Bank of Liberia actively manages the LRD, implementing monetary policies to control inflation and currency supply. The LRD is also used in remittances from Liberians abroad, contributing to the local economy.
Fun Fact
The Liberian Dollar is often informally referred to as 'Liberty' by locals.
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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
Liberian Dollar
currency • Non-SI
Definition
The Liberian Dollar (LRD) is the official currency of Liberia, established in 1943 to replace the United States Dollar which was used in the country prior to that time. It is subdivided into 100 cents and is issued in both coins and banknotes. The currency is managed by the Central Bank of Liberia and is used to facilitate trade and economic activities within the country. The LRD operates alongside the US Dollar, which is widely accepted for transactions due to Liberia's historical ties with the United States. The monetary policy regarding the LRD is governed by regulations set forth by the Central Bank to ensure stability in its exchange rates and inflation control, making it crucial for both domestic and foreign investments.
History & Origin
The origin of the Liberian Dollar dates back to 1943 when it was officially introduced as part of the country's post-World War II efforts to establish a stable monetary system. Prior to the LRD, the United States Dollar served as the primary currency in Liberia due to the country's founding by freed American slaves in the early 19th century. The introduction of the LRD was a move to solidify national identity and economic independence. The currency was meant to reflect Liberia's sovereignty and to encourage economic activities by promoting local trade and investment. The LRD was printed and minted in various denominations to facilitate everyday transactions.
Etymology: The term 'dollar' originates from the Spanish 'dólar', which itself is derived from the German 'Thaler', a large silver coin used in Europe.
Current Use
The Liberian Dollar (LRD) is primarily used within Liberia for all types of transactions, from retail purchases to government payments. The currency circulates alongside the United States Dollar, which is commonly accepted in most commercial transactions. The dual currency system helps stabilize the economy, especially in times of inflation. In the financial sector, the LRD is utilized in banking operations for local loans and deposits, while the US Dollar is often favored for international trade. Various industries in Liberia, including agriculture, mining, and services, rely on the LRD for domestic transactions, while foreign investments are typically denominated in USD. The Central Bank of Liberia actively manages the LRD, implementing monetary policies to control inflation and currency supply. The LRD is also used in remittances from Liberians abroad, contributing to the local economy.
💡 Fun Facts
- •The Liberian Dollar is often informally referred to as 'Liberty' by locals.
- •Liberia was founded by freed American slaves, which is why the US Dollar was initially used.
- •The LRD is not only used in Liberia but also in some neighboring countries for trade.
📏 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.