Usd Converter
Convert Usd to Mkd 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.
Macedonian DenarMKD
Target UnitThe Macedonian denar (MKD) is the official currency of North Macedonia, subdivided into 100 deni. Issued by the National Bank of the Republic of North Macedonia, the denar was introduced in 1992, replacing the Yugoslav dinar at a fixed rate. The currency is denoted by the symbol 'MKD' and is used in various transactions within the country. It is important to note that the denar is not part of the Eurozone, although it is pegged to the Euro, which helps stabilize its value in the international market.
Current Use
The Macedonian denar is widely used in North Macedonia for daily transactions, savings, and trade. It is accepted in all retail and service establishments within the country. The denar is crucial for domestic economic activities and plays a role in foreign trade, although its international acceptance is limited. The National Bank issues banknotes and coins in various denominations, ensuring a stable supply of currency for everyday use.
Fun Fact
The denar was pegged to the Euro at a rate of approximately 61.5 MKD to 1 Euro.
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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
Macedonian Denar
currency • Non-SI
Definition
The Macedonian denar (MKD) is the official currency of North Macedonia, subdivided into 100 deni. Issued by the National Bank of the Republic of North Macedonia, the denar was introduced in 1992, replacing the Yugoslav dinar at a fixed rate. The currency is denoted by the symbol 'MKD' and is used in various transactions within the country. It is important to note that the denar is not part of the Eurozone, although it is pegged to the Euro, which helps stabilize its value in the international market.
History & Origin
The Macedonian denar was established in 1992 after North Macedonia gained independence from Yugoslavia. The currency was introduced to replace the Yugoslav dinar, which had suffered from hyperinflation during the Yugoslav Wars. The denar was created to stabilize the economy and provide a reliable medium of exchange for the new nation. The name 'denar' is derived from the Latin 'denarius', a historical Roman currency.
Etymology: The term 'denar' comes from the Latin word 'denarius', which was a silver coin used in ancient Rome.
Current Use
The Macedonian denar is widely used in North Macedonia for daily transactions, savings, and trade. It is accepted in all retail and service establishments within the country. The denar is crucial for domestic economic activities and plays a role in foreign trade, although its international acceptance is limited. The National Bank issues banknotes and coins in various denominations, ensuring a stable supply of currency for everyday use.
💡 Fun Facts
- •The denar was pegged to the Euro at a rate of approximately 61.5 MKD to 1 Euro.
- •The design of the banknotes features prominent historical figures and cultural landmarks from North Macedonia.
- •The word 'denar' is used in several Slavic languages, reflecting historical connections.
📏 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.