Convert Solomon Islands Dollar to United States Dollar
Please provide values below to convert Solomon Islands Dollar [SBD] to United States Dollar [USD], or Convert United States Dollar to Solomon Islands Dollar.
How to Convert Solomon Islands Dollar to United States Dollar
1 SBD = 8.2405 USD
Example: convert 15 SBD to USD:
15 SBD = 15 × 8.2405 USD = 123.6075 USD
Solomon Islands Dollar to United States Dollar Conversion Table
| Solomon Islands Dollar | United States Dollar |
|---|
Solomon Islands Dollar
The Solomon Islands Dollar (SBD) is the official currency of the Solomon Islands, used for all monetary transactions within the country.
History/Origin
The Solomon Islands Dollar was introduced in 1977, replacing the Australian dollar at par, to establish a distinct national currency following independence from British rule.
Current Use
The SBD is widely used in the Solomon Islands for everyday transactions, banking, and trade, and is pegged to a basket of currencies to maintain stability.
United States Dollar
The United States Dollar (USD) is the official currency of the United States of America, used as a standard unit of monetary value and exchange.
History/Origin
The USD was established in 1792 with the Coinage Act, replacing the Continental Congress's Continental Currency. It has since become one of the world's dominant reserve currencies, influenced by the economic growth of the U.S. and global financial markets.
Current Use
The USD is widely used domestically and internationally for trade, investment, and as a reserve currency. It is the most traded currency in the foreign exchange market and is used as the standard currency in many international transactions.