Usd Converter
Convert Usd to Myanmar Kyat 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.
Myanmar KyatMMK
Target UnitThe Myanmar Kyat (MMK) is the official currency of Myanmar, established as the primary medium of exchange for goods and services within the country. It is subdivided into 100 pyas. The currency is issued and regulated by the Central Bank of Myanmar. The kyat has undergone several changes and revaluations since its inception, reflecting the economic conditions and inflationary pressures within the country. The exchange rates of the Myanmar Kyat fluctuate against other currencies, influenced by various economic factors such as trade balances, foreign investments, and government policies. As a currency, the MMK plays a vital role in facilitating domestic and international trade.
Current Use
The Myanmar Kyat is primarily used in Myanmar for all commercial transactions, including retail purchases, services, and government payments. It is accepted in various denominations, including coins and banknotes, with the banknotes featuring prominent national figures and symbols. The currency is essential in local markets, where prices are quoted in kyats. In recent years, the MMK has seen increased use in digital transactions as the country modernizes its payment systems. The kyat's value fluctuates significantly against major currencies like the US dollar and the Euro, impacting trade and tourism. International businesses operating in Myanmar often engage in currency exchange, and many locals keep savings in foreign currencies to hedge against inflation.
Fun Fact
The Myanmar Kyat underwent three major redenominations between 1989 and 2015.
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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
Myanmar Kyat
currency • Non-SI
Definition
The Myanmar Kyat (MMK) is the official currency of Myanmar, established as the primary medium of exchange for goods and services within the country. It is subdivided into 100 pyas. The currency is issued and regulated by the Central Bank of Myanmar. The kyat has undergone several changes and revaluations since its inception, reflecting the economic conditions and inflationary pressures within the country. The exchange rates of the Myanmar Kyat fluctuate against other currencies, influenced by various economic factors such as trade balances, foreign investments, and government policies. As a currency, the MMK plays a vital role in facilitating domestic and international trade.
History & Origin
The Myanmar Kyat was introduced in 1952, replacing the rupee at par as the national currency. The term 'kyat' is derived from the Pali word 'kāṭa', which means 'to cut' or 'to separate', symbolizing the division of currency into smaller units. This was necessary as Myanmar transitioned from a colonial economy to a sovereign nation, necessitating the establishment of a national currency that reflected its independence. The initial introduction aimed to stabilize the economy post-independence and facilitate trade within the country. Over the years, the MMK has experienced multiple redenominations, particularly in response to hyperinflation and economic challenges.
Etymology: The word 'kyat' originates from the Pali language, emphasizing the historical and cultural significance of currency in Myanmar.
Current Use
The Myanmar Kyat is primarily used in Myanmar for all commercial transactions, including retail purchases, services, and government payments. It is accepted in various denominations, including coins and banknotes, with the banknotes featuring prominent national figures and symbols. The currency is essential in local markets, where prices are quoted in kyats. In recent years, the MMK has seen increased use in digital transactions as the country modernizes its payment systems. The kyat's value fluctuates significantly against major currencies like the US dollar and the Euro, impacting trade and tourism. International businesses operating in Myanmar often engage in currency exchange, and many locals keep savings in foreign currencies to hedge against inflation.
💡 Fun Facts
- •The Myanmar Kyat underwent three major redenominations between 1989 and 2015.
- •The symbol 'K' often appears in various forms on banknotes to represent the currency.
- •The kyat's value has been historically volatile due to economic sanctions and political instability.
📏 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.