Usd Converter
Convert Usd to Pyg 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.
GuaraniPYG
Target UnitThe Guarani (PYG) is the official currency of Paraguay, introduced in 1944 as a replacement for the Paraguayan peso. It is subdivided into 100 céntimos, although céntimos are rarely used in daily transactions. The currency is named after the indigenous Guarani people, reflecting the cultural heritage of Paraguay. The Guarani has seen various changes in value and stability over the years, influenced by economic factors such as inflation and fluctuations in the regional economy. The Central Bank of Paraguay is responsible for issuing and regulating the currency, ensuring that it meets the needs of the economy. Today, the Guarani plays a crucial role in local commerce, international trade agreements, and is a symbol of national identity.
Current Use
The Guarani is primarily used in Paraguay, where it serves as the legal tender for all transactions. It is commonly used in various sectors including retail, services, and agriculture. The currency is crucial in everyday transactions, such as purchasing groceries, paying for services, and conducting business. The Guarani is also used in financial institutions, where it plays a role in savings accounts, loans, and investment products. In recent years, the Guarani has become increasingly relevant in digital transactions and e-commerce, driven by the growth of technology and internet access in Paraguay. Internationally, the Guarani is less recognized, and travelers are often advised to exchange their currency or use USD for transactions outside of Paraguay. Despite challenges such as inflation and economic fluctuations, the Guarani remains a vital part of Paraguay's economy, reflecting the country's resilience and adaptability.
Fun Fact
The Guarani is one of the few indigenous currencies still in use today.
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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.
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Guarani
currency • Non-SI
Definition
The Guarani (PYG) is the official currency of Paraguay, introduced in 1944 as a replacement for the Paraguayan peso. It is subdivided into 100 céntimos, although céntimos are rarely used in daily transactions. The currency is named after the indigenous Guarani people, reflecting the cultural heritage of Paraguay. The Guarani has seen various changes in value and stability over the years, influenced by economic factors such as inflation and fluctuations in the regional economy. The Central Bank of Paraguay is responsible for issuing and regulating the currency, ensuring that it meets the needs of the economy. Today, the Guarani plays a crucial role in local commerce, international trade agreements, and is a symbol of national identity.
History & Origin
The term 'Guarani' originates from the indigenous Guarani people, whose language is widely spoken in Paraguay and represents a significant part of the country's cultural identity. The currency was first introduced in 1944, replacing the Paraguayan peso, which had been in use since the early 20th century. The decision to adopt the Guarani was largely influenced by the need for a stable currency that could better reflect the economic conditions of Paraguay following years of economic instability and hyperinflation. This shift was part of a broader effort to enhance national identity and sovereignty through a currency that had deep local roots.
Etymology: The name 'Guarani' comes from the Guarani language, where it means 'a person who is a warrior' or 'to be brave.'
Current Use
The Guarani is primarily used in Paraguay, where it serves as the legal tender for all transactions. It is commonly used in various sectors including retail, services, and agriculture. The currency is crucial in everyday transactions, such as purchasing groceries, paying for services, and conducting business. The Guarani is also used in financial institutions, where it plays a role in savings accounts, loans, and investment products. In recent years, the Guarani has become increasingly relevant in digital transactions and e-commerce, driven by the growth of technology and internet access in Paraguay. Internationally, the Guarani is less recognized, and travelers are often advised to exchange their currency or use USD for transactions outside of Paraguay. Despite challenges such as inflation and economic fluctuations, the Guarani remains a vital part of Paraguay's economy, reflecting the country's resilience and adaptability.
💡 Fun Facts
- •The Guarani is one of the few indigenous currencies still in use today.
- •Paraguay is one of the few countries that uses both Guarani and Spanish as official languages.
- •The Guarani has been subject to hyperinflation in the past, particularly during the late 1980s.
📏 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.