Usd Converter
Convert Usd to Mzn 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.
Mozambican MeticalMZN
Target UnitThe Mozambican Metical (MZN) is the currency used in Mozambique, introduced in 1980 to replace the escudo at a rate of 1 metical to 1000 escudos. The currency is subdivided into 100 centavos. MZN is issued by the Bank of Mozambique and plays a vital role in the country's economy, facilitating trade and daily transactions. The name 'metical' is derived from the Arabic word 'māṭāqa,' which means 'money.' As a fiat currency, its value is not backed by a physical commodity but rather by the trust and stability of the Mozambican government. The metical is subject to fluctuations in the foreign exchange market, influenced by factors such as inflation, interest rates, and political stability.
Current Use
The Mozambican Metical is primarily used in Mozambique for all forms of transactions, from daily purchases to larger business dealings. It is crucial for the local economy, serving as the legal tender for goods and services. The currency is used by individuals, businesses, and government entities for payments, salaries, and savings. The metical has seen its value fluctuate in the foreign exchange markets, often traded against major currencies such as the US Dollar (USD), Euro (EUR), and South African Rand (ZAR). Despite economic challenges, the metical is integral to Mozambique's trade relations, particularly within the Southern African Development Community (SADC). Regions within Mozambique rely heavily on the metical for their economic activities, and it is commonly used in sectors such as agriculture, mining, and tourism. The central bank actively monitors and manages the currency's stability, implementing policies to combat inflation and facilitate economic growth.
Fun Fact
The metical was introduced in 1980, coinciding with Mozambique's independence.
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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
Mozambican Metical
currency • Non-SI
Definition
The Mozambican Metical (MZN) is the currency used in Mozambique, introduced in 1980 to replace the escudo at a rate of 1 metical to 1000 escudos. The currency is subdivided into 100 centavos. MZN is issued by the Bank of Mozambique and plays a vital role in the country's economy, facilitating trade and daily transactions. The name 'metical' is derived from the Arabic word 'māṭāqa,' which means 'money.' As a fiat currency, its value is not backed by a physical commodity but rather by the trust and stability of the Mozambican government. The metical is subject to fluctuations in the foreign exchange market, influenced by factors such as inflation, interest rates, and political stability.
History & Origin
The origins of the Mozambican Metical can be traced back to the late 20th century, amidst the socio-economic changes following Mozambique's independence from Portugal in 1975. The new government sought to establish a national currency that reflected the country's sovereignty and identity. Consequently, in 1980, the metical was introduced, replacing the Portuguese escudo at an exchange rate designed to stabilize the economy. This move was crucial for Mozambique as it aimed to diminish the economic influence of colonial powers and assert its autonomy. The metical has undergone several modifications since its inception, reflecting changes in the country's economic conditions and monetary policy.
Etymology: The term 'metical' is derived from the Arabic word 'māṭāqa,' meaning 'money' or 'currency.'
Current Use
The Mozambican Metical is primarily used in Mozambique for all forms of transactions, from daily purchases to larger business dealings. It is crucial for the local economy, serving as the legal tender for goods and services. The currency is used by individuals, businesses, and government entities for payments, salaries, and savings. The metical has seen its value fluctuate in the foreign exchange markets, often traded against major currencies such as the US Dollar (USD), Euro (EUR), and South African Rand (ZAR). Despite economic challenges, the metical is integral to Mozambique's trade relations, particularly within the Southern African Development Community (SADC). Regions within Mozambique rely heavily on the metical for their economic activities, and it is commonly used in sectors such as agriculture, mining, and tourism. The central bank actively monitors and manages the currency's stability, implementing policies to combat inflation and facilitate economic growth.
💡 Fun Facts
- •The metical was introduced in 1980, coinciding with Mozambique's independence.
- •In 2006, Mozambique redenominated the metical to combat hyperinflation.
- •The metical's name has Arabic roots, reflecting historical trade influences.
📏 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.