Usd Converter
Convert Usd to Pkr 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.
Pakistan Rupee₨
Target UnitThe Pakistan Rupee (PKR) is the official currency of Pakistan, issued and regulated by the State Bank of Pakistan. The rupee is subdivided into 100 paisas, although coins of paisa denomination are rarely used in daily transactions. The symbol for the rupee is ₨, and it is often denoted as PKR in international currency markets. The currency is crucial for both domestic and international trade within the region. The PKR's value is influenced by various economic factors, including inflation rates, interest rates, and the overall economic stability of Pakistan. It is traded in foreign exchange markets and is subject to fluctuations that reflect the economic conditions of the country.
Current Use
The Pakistan Rupee is extensively used in various sectors across Pakistan, including retail, agriculture, and finance. It is the primary currency for all transactions, from everyday purchases to large-scale business dealings. The PKR is also used in remittances sent from overseas Pakistani communities, significantly contributing to the economy. In various provinces, especially Sindh and Punjab, the rupee is commonly employed in local markets and street vendors. Moreover, the PKR is subject to exchange rates determined by the foreign exchange market, making it vital for international trade and investment. The currency plays a crucial role in monetary policy, impacting inflation and economic growth.
Fun Fact
The Pakistan Rupee was introduced in 1947, shortly after the country'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
Pakistan Rupee
currency • Non-SI
Definition
The Pakistan Rupee (PKR) is the official currency of Pakistan, issued and regulated by the State Bank of Pakistan. The rupee is subdivided into 100 paisas, although coins of paisa denomination are rarely used in daily transactions. The symbol for the rupee is ₨, and it is often denoted as PKR in international currency markets. The currency is crucial for both domestic and international trade within the region. The PKR's value is influenced by various economic factors, including inflation rates, interest rates, and the overall economic stability of Pakistan. It is traded in foreign exchange markets and is subject to fluctuations that reflect the economic conditions of the country.
History & Origin
The origin of the Pakistan Rupee can be traced back to the Indian Rupee, which was established during the Mughal Empire in the 16th century. The term 'rupee' itself is derived from the Sanskrit word 'rūpya,' which means 'wrought silver' or 'silver coin.' Following the partition of India in 1947, Pakistan adopted its own currency, the Pakistani Rupee, to distinguish itself from India. The first banknotes were issued by the Reserve Bank of India in 1947, and later, the State Bank of Pakistan began issuing its own notes in 1948. The initial design of the currency was similar to the Indian Rupee but evolved to reflect Pakistan's unique cultural and historical identity.
Etymology: The word 'rupee' comes from the Sanskrit 'rūpya,' meaning silver, a reference to the silver coins used in ancient India.
Current Use
The Pakistan Rupee is extensively used in various sectors across Pakistan, including retail, agriculture, and finance. It is the primary currency for all transactions, from everyday purchases to large-scale business dealings. The PKR is also used in remittances sent from overseas Pakistani communities, significantly contributing to the economy. In various provinces, especially Sindh and Punjab, the rupee is commonly employed in local markets and street vendors. Moreover, the PKR is subject to exchange rates determined by the foreign exchange market, making it vital for international trade and investment. The currency plays a crucial role in monetary policy, impacting inflation and economic growth.
💡 Fun Facts
- •The Pakistan Rupee was introduced in 1947, shortly after the country's independence.
- •The rupee symbol ₨ is derived from the Indian rupee symbol and has been adapted for local use.
- •In 2006, the State Bank of Pakistan introduced polymer notes to enhance durability and security.
📏 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.