Usd Converter
Convert Usd to Mad 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.
Moroccan DirhamMAD
Target UnitThe Moroccan Dirham (MAD) serves as the official currency of Morocco and is subdivided into 100 centimes. It is denoted by the symbol 'MAD' and is issued by Bank Al-Maghrib, the central bank of Morocco. Notable for its stability and consistent value, the dirham has been a vital component of Morocco's economy, facilitating trade and commerce. The currency supports both physical banknotes and coins, with denominations ranging from 1 dirham to 100 dirhams in notes. The dirham is also used in the Western Sahara region, which is claimed by Morocco. In terms of international trade, the Moroccan dirham has been pegged to various currencies over time, demonstrating its adaptability in a global context.
Current Use
Today, the Moroccan dirham (MAD) is predominantly used in Morocco for all forms of transactions, from everyday purchases to larger financial dealings. It is utilized extensively in various sectors including tourism, agriculture, and manufacturing. Tourists visiting Morocco will often exchange their foreign currency for dirhams to facilitate local transactions, as most services and goods are priced in MAD. The currency is also used in Western Sahara, a territory with complex political status, emphasizing its regional importance. Additionally, the dirham is increasingly used in digital transactions and e-commerce platforms as Morocco embraces technological advancements in financial services, reflecting a shift toward a more integrated economy within the global market.
Fun Fact
The Moroccan dirham was once pegged to the French franc before transitioning to a more flexible system.
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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
Moroccan Dirham
currency • Non-SI
Definition
The Moroccan Dirham (MAD) serves as the official currency of Morocco and is subdivided into 100 centimes. It is denoted by the symbol 'MAD' and is issued by Bank Al-Maghrib, the central bank of Morocco. Notable for its stability and consistent value, the dirham has been a vital component of Morocco's economy, facilitating trade and commerce. The currency supports both physical banknotes and coins, with denominations ranging from 1 dirham to 100 dirhams in notes. The dirham is also used in the Western Sahara region, which is claimed by Morocco. In terms of international trade, the Moroccan dirham has been pegged to various currencies over time, demonstrating its adaptability in a global context.
History & Origin
The Moroccan dirham traces its origins back to the historical use of the dirham in the Islamic world, where it was widely adopted as a currency during the Umayyad Caliphate (661-750 AD). The term 'dirham' itself is derived from the Greek currency 'drachma', signifying its long-standing historical significance. The modern Moroccan dirham was introduced in 1882, replacing the Moroccan rial at a time when Morocco was establishing its modern financial system. The adoption aimed at stabilizing trade practices and creating a standardized medium for transactions, reflecting the country's emerging economy during the late 19th century.
Etymology: The word 'dirham' comes from the Arabic درهم (dirham), which is itself derived from the Greek word δραχμή (drachmē).
Current Use
Today, the Moroccan dirham (MAD) is predominantly used in Morocco for all forms of transactions, from everyday purchases to larger financial dealings. It is utilized extensively in various sectors including tourism, agriculture, and manufacturing. Tourists visiting Morocco will often exchange their foreign currency for dirhams to facilitate local transactions, as most services and goods are priced in MAD. The currency is also used in Western Sahara, a territory with complex political status, emphasizing its regional importance. Additionally, the dirham is increasingly used in digital transactions and e-commerce platforms as Morocco embraces technological advancements in financial services, reflecting a shift toward a more integrated economy within the global market.
💡 Fun Facts
- •The Moroccan dirham was once pegged to the French franc before transitioning to a more flexible system.
- •The symbol for the dirham is often abbreviated as MAD, which stands for 'Moroccan Dirham'.
- •Morocco has a rich history of using various currencies before standardizing on the dirham in the late 19th century.
📏 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.