Usd Converter
Convert Usd to Mvr 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) is the official currency of the Maldives, introduced in 1981 to replace the Maldivian Rufiyaa (MVR) which had been in use since 1980. It is subdivided into 100 laari. The currency is issued by the Maldives Monetary Authority (MMA) and is represented by the symbol MVR. The Rufiyaa is used for all domestic transactions within the Maldives and is accepted by local establishments including markets, shops, and restaurants. The currency underwent several changes in its design and security features to prevent counterfeiting and to enhance its usability in the digital age. The Rufiyaa plays a crucial role in the Maldives' economy, particularly in tourism, which is a significant contributor to the national GDP.
Current Use
Today, the Maldivian Rufiyaa is widely used across the Maldives for all forms of transactions. It is accepted in local markets, shops, restaurants, and hotels, serving as the primary means of exchange for both residents and tourists. The currency's value is influenced by various economic factors, including tourism revenue, inflation rates, and foreign investments. The Rufiyaa is critical for the financial stability of the country, particularly as tourism drives a significant portion of the economy. The Maldives Monetary Authority closely monitors the exchange rates and implements policies to maintain the Rufiyaa's stability in the face of global economic changes. In 2020, the currency faced challenges due to the COVID-19 pandemic, affecting tourism and subsequently the economy, leading the government to introduce measures to stabilize the currency.
Fun Fact
The Maldivian Rufiyaa is uniquely designed with vibrant colors and intricate patterns reflecting the country’s culture.
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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) is the official currency of the Maldives, introduced in 1981 to replace the Maldivian Rufiyaa (MVR) which had been in use since 1980. It is subdivided into 100 laari. The currency is issued by the Maldives Monetary Authority (MMA) and is represented by the symbol MVR. The Rufiyaa is used for all domestic transactions within the Maldives and is accepted by local establishments including markets, shops, and restaurants. The currency underwent several changes in its design and security features to prevent counterfeiting and to enhance its usability in the digital age. The Rufiyaa plays a crucial role in the Maldives' economy, particularly in tourism, which is a significant contributor to the national GDP.
History & Origin
The history of the Maldivian Rufiyaa dates back to the early 1980s when the nation sought to establish a stable currency for its growing economy. Prior to the Rufiyaa's introduction, the Maldivian economy relied on various foreign currencies, such as the Indian Rupee and the British Pound. The necessity for a localized currency led to the establishment of the Rufiyaa as a means to facilitate trade and economic stability. The Maldives Monetary Authority was tasked with the issuance and regulation of the currency, ensuring monetary stability and public confidence in the currency. The introduction of the Rufiyaa marked a significant step in the Maldives' journey towards independence in its economic policies.
Etymology: The term 'Rufiyaa' is believed to be derived from the Arabic word 'Rufiya' which means silver.
Current Use
Today, the Maldivian Rufiyaa is widely used across the Maldives for all forms of transactions. It is accepted in local markets, shops, restaurants, and hotels, serving as the primary means of exchange for both residents and tourists. The currency's value is influenced by various economic factors, including tourism revenue, inflation rates, and foreign investments. The Rufiyaa is critical for the financial stability of the country, particularly as tourism drives a significant portion of the economy. The Maldives Monetary Authority closely monitors the exchange rates and implements policies to maintain the Rufiyaa's stability in the face of global economic changes. In 2020, the currency faced challenges due to the COVID-19 pandemic, affecting tourism and subsequently the economy, leading the government to introduce measures to stabilize the currency.
💡 Fun Facts
- •The Maldivian Rufiyaa is uniquely designed with vibrant colors and intricate patterns reflecting the country’s culture.
- •MVR has a coin denomination called 'laari,' which is often used for small transactions.
- •Despite being a small island nation, the Maldives has a well-regulated monetary system to manage its currency effectively.
📏 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.