Usd Converter
Convert Usd to Sgd 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.
Singapore DollarSGD
Target UnitThe Singapore Dollar (SGD) is the official currency of the Republic of Singapore. It is abbreviated as SGD and is subdivided into 100 cents. The currency is issued by the Monetary Authority of Singapore, which is the central bank and financial regulatory authority. The SGD is pegged to a basket of currencies, making it relatively stable compared to other currencies. It is widely used in international trade and finance, recognized for its robust economy and strong regulatory environment.
Current Use
The Singapore Dollar is used as the primary medium of exchange in Singapore and is accepted in various transactions ranging from retail purchases to international trade. It is a popular currency in Southeast Asia, often used in regional trade agreements. Many businesses, both local and international, conduct transactions in SGD, making it a crucial part of Singapore's economy.
Fun Fact
The Singapore Dollar is one of the strongest currencies in Asia, often used as a benchmark for other regional currencies.
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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
Singapore Dollar
currency • Non-SI
Definition
The Singapore Dollar (SGD) is the official currency of the Republic of Singapore. It is abbreviated as SGD and is subdivided into 100 cents. The currency is issued by the Monetary Authority of Singapore, which is the central bank and financial regulatory authority. The SGD is pegged to a basket of currencies, making it relatively stable compared to other currencies. It is widely used in international trade and finance, recognized for its robust economy and strong regulatory environment.
History & Origin
The Singapore Dollar was introduced in 1967, replacing the Malaya and British Borneo dollar. The currency was part of Singapore's effort to establish its own identity following independence from Malaysia in 1965. Initially, it was pegged to the British pound but was later converted to a managed float system against a trade-weighted basket of currencies to enhance its stability and attractiveness in global markets.
Etymology: The term 'dollar' is derived from the Spanish 'dólar', which originated from the Joachimsthaler coin minted in the 16th century.
Current Use
The Singapore Dollar is used as the primary medium of exchange in Singapore and is accepted in various transactions ranging from retail purchases to international trade. It is a popular currency in Southeast Asia, often used in regional trade agreements. Many businesses, both local and international, conduct transactions in SGD, making it a crucial part of Singapore's economy.
💡 Fun Facts
- •The Singapore Dollar is one of the strongest currencies in Asia, often used as a benchmark for other regional currencies.
- •Singapore was one of the first countries to introduce polymer banknotes, which are more durable and environmentally friendly.
- •The SGD is used as a reserve currency by several countries due to Singapore's stable economy.
📏 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.