Usd Converter
Convert Usd to Nzd 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.
New Zealand DollarNZD
Target UnitThe New Zealand dollar (NZD) is the official currency of New Zealand, including its territories of Tokelau, Niue, and the Cook Islands. It is subdivided into 100 cents. The currency was introduced in 1967, replacing the New Zealand pound, and has since become a significant player in the global foreign exchange market. The NZD is known for its vibrant colors and unique designs that reflect New Zealand's cultural heritage, including depictions of native fauna and significant historical figures. The currency is widely used in both domestic and international transactions.
Current Use
The New Zealand dollar is the official currency used for all transactions within New Zealand and its territories. It is widely accepted for both retail and commercial transactions, and is an active currency in the forex market. The NZD is also used in various financial instruments and is traded in significant volumes globally. Moreover, it serves as a reserve currency for some countries.
Fun Fact
The NZD is often referred to as the 'Kiwi dollar' due to the national symbol of New Zealand, the kiwi bird.
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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
New Zealand Dollar
currency • Non-SI
Definition
The New Zealand dollar (NZD) is the official currency of New Zealand, including its territories of Tokelau, Niue, and the Cook Islands. It is subdivided into 100 cents. The currency was introduced in 1967, replacing the New Zealand pound, and has since become a significant player in the global foreign exchange market. The NZD is known for its vibrant colors and unique designs that reflect New Zealand's cultural heritage, including depictions of native fauna and significant historical figures. The currency is widely used in both domestic and international transactions.
History & Origin
The New Zealand dollar was introduced on July 10, 1967, as part of a monetary reform that replaced the New Zealand pound at a rate of 2 NZD for every 1 NZ pound. This change was aimed at modernizing New Zealand's economy and aligning its currency with those of its trading partners, particularly Australia, which had adopted the decimal system earlier.
Etymology: The term 'dollar' originates from the Spanish 'peso de a ocho' or 'piece of eight', which was a widely used currency in the 16th to 19th centuries.
Current Use
The New Zealand dollar is the official currency used for all transactions within New Zealand and its territories. It is widely accepted for both retail and commercial transactions, and is an active currency in the forex market. The NZD is also used in various financial instruments and is traded in significant volumes globally. Moreover, it serves as a reserve currency for some countries.
💡 Fun Facts
- •The NZD is often referred to as the 'Kiwi dollar' due to the national symbol of New Zealand, the kiwi bird.
- •New Zealand was the first country in the world to issue polymer banknotes in 1999.
- •The NZD is frequently used as a proxy currency for the Asia-Pacific region in global trading.
📏 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.