Usd Converter
Convert Usd to Mdl 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.
Maldivian RufiyaaMVR
Target UnitThe Maldivian Rufiyaa (MVR) serves as the official currency of the Maldives, a tropical paradise known for its islands and tourism. One rufiyaa is subdivided into 100 laari, and it is issued by the Maldives Monetary Authority (MMA). The currency has been in circulation since 1981, replacing the Maldivian rufiyaa that was used previously, and is characterized by a blend of local and international influences in its design. The rufiyaa is utilized for all transactions within the Maldives, from tourism-related expenses to local trade. Its value is influenced by various factors including tourism, foreign exchange rates, and government monetary policy. Moreover, the currency is recognized by the International Monetary Fund (IMF) and plays a crucial role in the Maldives' economy.
Current Use
The Maldivian Rufiyaa is predominantly used in the Maldives for various transactions, including daily purchases, business dealings, and tourism-related expenses. It is essential for both locals and tourists, as all financial dealings within the country are conducted in MVR. The currency plays a pivotal role in the tourism sector, which is one of the main contributors to the Maldivian economy. Tourists are required to exchange their foreign currency for Maldivian Rufiyaa to pay for accommodations, meals, and activities. Although some establishments may accept foreign currencies, the official stance remains that MVR is the primary medium of exchange. Additionally, the government regulates the currency's exchange rates against major international currencies, impacting its stability in the global market. This regulation is crucial for maintaining economic balance in a country heavily reliant on tourism.
Fun Fact
The Maldivian Rufiyaa has unique designs featuring local wildlife, such as the whale shark.
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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
Maldivian Rufiyaa
currency • Non-SI
Definition
The Maldivian Rufiyaa (MVR) serves as the official currency of the Maldives, a tropical paradise known for its islands and tourism. One rufiyaa is subdivided into 100 laari, and it is issued by the Maldives Monetary Authority (MMA). The currency has been in circulation since 1981, replacing the Maldivian rufiyaa that was used previously, and is characterized by a blend of local and international influences in its design. The rufiyaa is utilized for all transactions within the Maldives, from tourism-related expenses to local trade. Its value is influenced by various factors including tourism, foreign exchange rates, and government monetary policy. Moreover, the currency is recognized by the International Monetary Fund (IMF) and plays a crucial role in the Maldives' economy.
History & Origin
The origin of the Maldivian Rufiyaa dates back to the 1980s when the Maldives sought to establish a currency that reflected its unique economic identity. Before the introduction of the rufiyaa, the Maldivian economy relied on various foreign currencies, with the Indian rupee being predominant. The central bank, Maldives Monetary Authority, was established in 1981 to manage the issuance and regulation of the rufiyaa, which replaced the earlier currency system. This transition aimed to stabilize the economy and provide a currency that was more aligned with local values and commerce. The first series of banknotes featured designs that highlighted the rich cultural heritage of the Maldives, including local flora and fauna, as well as historical figures.
Etymology: The term 'rufiyaa' is derived from the Arabic word 'rupee', which has historical significance in South Asia and the Indian Ocean region.
Current Use
The Maldivian Rufiyaa is predominantly used in the Maldives for various transactions, including daily purchases, business dealings, and tourism-related expenses. It is essential for both locals and tourists, as all financial dealings within the country are conducted in MVR. The currency plays a pivotal role in the tourism sector, which is one of the main contributors to the Maldivian economy. Tourists are required to exchange their foreign currency for Maldivian Rufiyaa to pay for accommodations, meals, and activities. Although some establishments may accept foreign currencies, the official stance remains that MVR is the primary medium of exchange. Additionally, the government regulates the currency's exchange rates against major international currencies, impacting its stability in the global market. This regulation is crucial for maintaining economic balance in a country heavily reliant on tourism.
💡 Fun Facts
- •The Maldivian Rufiyaa has unique designs featuring local wildlife, such as the whale shark.
- •MVR is one of the few currencies in the world that uses laari as its subunit.
- •The Maldives has a policy of maintaining a fixed exchange rate against the US dollar for stability.
📏 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.