Tag: Dollar

  • What is a Dollar?

    What is a Dollar?

    What is a Dollar? Meaning, Definition!


    Dollar (often represented by the dollar sign $) is the name of more than twenty currencies, including (ordered by population) those of the United States, Canada, Australia, Taiwan, Hong Kong, Singapore, New Zealand, Liberia, Jamaica, and Namibia. The U.S. dollar is the official currency of East Timor, Ecuador, El Salvador, Federated States of Micronesia, Marshall Islands, Palau, the Caribbean Netherlands, and for banknotes, Panama. Generally, one dollar is divided into one hundred cents. The Currency, a system of money in general use in a particular country. What is a Rupee? Now, you learn What is a Dollar?

    “The history of the dollar. For symbol “$”, see Dollar sign. The Slovenian philosopher, see Mladen Dolar. The municipality in Spain, see Dólar.”

    Exchange Currency in US Dollar 


    One US Dollar ($1) Rated to Others Country:

    1. 1.38 Australian Dollar
    2. 1.00 Bahamian Dollar
    3. 2.00 Barbadian Dollar
    4. 2.01 Belize Dollar
    5. 1.00 Bermudan Dollar
    6. 1.44 Brunei Dollar
    7. 1.34 Canadian Dollar
    8. 0.82 Cayman Islands Dollar
    9. 2.70 East Caribbean Dollar
    10. 2.13 Fijian Dollar
    11. 207.21 Guyanaese Dollar
    12. 7.76 Hong Kong Dollar
    13. 128.80 Jamaican Dollar
    14. 91.00 Liberian Dollar
    15. 13.96 Namibian Dollar
    16. 32.01 New Taiwan Dollar
    17. 1.44 New Zealand Dollar
    18. 1.44 Singapore Dollar
    19. 7.39 Surinamese Dollar
    20. 6.75 Trinidad & Tobago Dollar

    History of Dollar


    On 15 January 1520, the Czech Kingdom of Bohemia began minting coins from silver mined locally in Joachimsthal (Czech Jáchymov) and marked on the reverse with the Czech lion. The coins were called Joachim’s thaler, which became shortened in common usage to thaler or taler. The German name “Joachimsthal” literally means “Joachim’s valley” or “Joachim’s dale”. This name found its way into other languages: Czech tolar, Hungarian tallér, Danish and Norwegian (rigs) daler, Swedish (riks)daler, Icelandic dalur, Dutch (rijks)daalder or daler, Ethiopian ታላሪ (“talari”), Italian tallero, Polish talar, Persian dare, as well as – via Dutch – into English as dollar.

    A later Dutch coin depicting also a lion was called the leeuwen daler or leeuwen daalder, literally ‘lion daler’. The Dutch Republic produced these coins to accommodate its booming international trade. The leeuwen daler circulated throughout the Middle East and was imitated in several German and Italian cities. This coin was also popular in the Dutch East Indies and in the Dutch New Netherland Colony (New York). It was in circulation throughout the Thirteen Colonies during the 17th and early 18th centuries and was popularly known as “lion (or lyon) dollar”. The currencies of Romania and Bulgaria are, to this day, ‘lion’ (leu/leva). The modern American-English pronunciation of dollar is still remarkably close to the 17th-century Dutch pronunciation of daler. Some well-worn examples circulating in the Colonies were known as “dog dollars”.

    Spanish pesos – having the same weight and shape – came to be known as Spanish dollars. By the mid-18th century, the lion dollar had been replaced by Spanish dollar, the famous “pieces of eight”, which were distributed widely in the Spanish colonies in the New World and in the Philippines.

    Types of Dollar with Countries Bases


      Antigua and Barbuda East Caribbean dollar XCD    
     Australia and its territories Australian dollar AUD 1966-02-14 Australian pound 1910-1966
    Pound sterling 1825-1910
     Bahamas Bahamian dollar BSD   Bahamian pound
     Barbados Barbadian dollar BBD    
     Belize Belize dollar BZD/USD 1973 British Honduran Dollar
     Bermuda Bermuda dollar BMD    
     Brunei Brunei dollar
    (Alongside the Singapore dollar)
    BND
    (SGD)
       
     Canada Canadian dollar CAD 1858 Canadian pound 1841-1858
    Spanish dollar pre-1841
    Newfoundland dollar, pre-1949 in the Dominion of Newfoundland
     Cayman Islands Cayman Islands dollar KYD    
     Dominica East Caribbean dollar XCD    
     East Timor United States dollar USD    
     Ecuador United States dollar USD 2001 Ecuadorian sucre
     El Salvador United States dollar USD 2001-01-01 Salvadoran colón
     Fiji Fijian dollar FJD    
     Grenada East Caribbean dollar XCD    
     Guyana Guyanese dollar GYD    
     Hong Kong Hong Kong dollar HKD 1863 Rupee, Real (Spanish/Colonial Spain: Mexican), Chinese cash
     Jamaica Jamaican dollar JMD 1969 Jamaican pound
     Kiribati Kiribati dollar along with the Australian dollar N/A / AUD    
     Liberia Liberian dollar LRD    
     Marshall Islands United States dollar USD    
     Federated States of Micronesia United States dollar USD    
     Namibia Namibian dollar along with the South African rand NAD 1993 South African rand
     Nauru Australian dollar AUD    
     New Zealand and its territories New Zealand dollar NZD 1967 New Zealand pound
     Palau United States dollar USD    
     Saint Kitts and Nevis East Caribbean dollar XCD    
     Saint Lucia East Caribbean dollar XCD    
     Saint Vincent and the Grenadines East Caribbean dollar XCD    
     Singapore Singapore dollar SGD    
     Solomon Islands Solomon Islands dollar SBD    
     Suriname Surinamese dollar SRD 2004 Surinamese guilder
     Taiwan New Taiwan dollar TWD 1949  
     Trinidad and Tobago Trinidad and Tobago dollar TTD    
     Tuvalu Tuvaluan dollar along with the Australian dollar TVD / AUD    
     United States and its territories United States dollar USD 1792 Spanish dollar
    colonial script
     Zimbabwe United States dollar USD   Zimbabwean dollar

    Note: All Countries Dollar exchange rate, 21 December 2016.

    What is a Dollar Meaning Definition - ilearnlot


  • The Australian Dollar sign, Introduction, History

    The Australian Dollar sign, Introduction, History

    The Australian dollar is popular with currency traders, the rate on the high street, with their sign, because of the comparatively high-interest rates in Australia. Also, The currency commonly refers to by foreign-exchange traders as the “Aussie”. It (sign: $; code: AUD) is the currency of the Commonwealth of Australia, including Christmas Island, Cocos (Keeling) Islands, and Norfolk Island; as well as the independent Pacific Island states of Kiribati, Nauru, and Tuvalu. Within Australia, it is almost always abbreviated with the dollar sign ($), with A$ or AU$ sometimes used to distinguish it from other dollar-denominated currencies. It subdivides into 100 cents.

    Best Australian Dollar rate on the high street, with their sign, Introduction, Define, and History.

    As of 2011, the Australian dollar is the fifth most traded currency in the world, sign, accounting for 7.6% of the world’s daily share. Also, It trades in the world foreign exchange markets behind the US dollar, the euro, the yen, and the pound sterling. The Australian dollar is popular with currency traders, because of the comparatively high interest rates in Australia, the relative freedom of the foreign exchange market from government intervention, the general stability of Australia’s economy and political system, and the prevailing view that the Australian dollar offers diversification benefits in a portfolio containing the major world currencies; especially because of its greater exposure to Asian economies and the commodities cycle. Also, The currency commonly refers to by foreign-exchange traders as the “Aussie dollar”.

    The relative freedom of the foreign exchange market from government intervention, the general stability of Australia’s economy and political system, and the prevailing view that the Australian dollar offers diversification benefits in a portfolio containing the major world currencies, especially because of its greater exposure to Asian economies and the commodities cycle.

    It’s a combination of international investors attracted to the sector due to the falling Australian dollar; and, local investors playing catch up with the share market’s 2016 high. With the announcement from the U.S on the Chinese tariffs; Also, the reaction on the policy side from China will be the key event to watch in the coming days; if China does react with the further escalation in tariffs, the U.S. equity market; as well as the dollar-yen or Australian dollar, could face further downward pressures.

    Currency notes of the Australian dollar:

    The following Australian dollar $5, $10, $20, $50, and $100 below are;

    Australian dollar
    The Australian dollar, Image from livetradingnews.

    Australian dollars Capitation with other dollar Currencies:

    One Australian dollar ($1); All rated into $

    1. 0.73 US Dollar
    2. 0.73 Bahamian Dollar
    3. 1.45 Barbadian Dollar
    4. 1.46 Belize Dollar
    5. 0.73 Bermudan Dollar
    6. 0.97 Canadian Dollar
    7. 0.60 Cayman Islands Dollar
    8. 1.96 East Caribbean Dollar
    9. 1.55 Fijian Dollar
    10. 150.48 Guyanaese Dollar
    11. 5.64 Hong Kong Dollar
    12. 93.54 Jamaican Dollar
    13. 66.09 Liberian Dollar
    14. 10.16 Namibian Dollar
    15. 1.05 Singapore Dollar
    16. 5.37 Surinamese Dollar

    Note: All Dollar rated and converted to the Australian dollar, 20 December 2016.

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    Australian Dollar History:

    With pounds, shillings, and pence to replace by decimal currency on 14 February 1966, many names for the new currency were suggested. In 1963, the Prime Minister, Sir Robert Menzies, a monarchist, wished to name the currency the royal. Other proposed names included more exotic suggestions such as the austral, the oz, the boomer, the roo, the kanga, the emu, the digger, the quid, the dinkum, and the theming (Menzies’ nickname). Menzies’ influence resulted in the selection of the royal; and, Also, trial designs were preparing and printing by the Reserve Bank of Australia. Best Australian Dollar rate on the high street, with their sign. Other things below are;

    More things;

    The Treasurer, Harold Holt, announced the decision in Parliament on 5 June 1963. The royal would be subdivided into 100 cents, but the existing names shilling, florin, and crown would retain for the 10-cent, 20-cent, and 50-cent coins respectively. Also, The name royal for the currency proved very unpopular, with Holt and his wife even receiving death threats. On 24 July Holt told the Cabinet the decision had been a “terrible mistake” and it would need to revisit. On 18 September Holt advised Parliament that the name was to be the dollar, of 100 cents.

    The Australian pound, introduced in 1910 and officially distinct in value from the pound sterling since a devaluation in 1931, was replaced by the dollar on 14 February 1966. The rate of conversion for the new decimal currency was two dollars per Australian pound or ten Australian shillings per dollar. Also, The exchange rate was pegged to the pound sterling at a rate of $1 = 8 shillings ($2.50 = UK £1). In 1967, Australia effectively left the sterling area; when the pound sterling was devalued against the US dollar and the Australian dollar did not follow. It maintained its peg to the US dollar at the rate of A$1 = US$1.12.

    On 27 September 2012, the Reserve Bank of Australia stated that they had ordered work on a project to upgrade the current banknotes. The upgraded banknotes will incorporate several new features so that they remain secure in the future. Also, The first new banknotes (of the five-dollar denomination) were issuing from the 1st of September 2016, with the remaining denominations to issue in the coming years.