Convert United States Dollar to Lesotho Loti
Please provide values below to convert United States Dollar [USD] to Lesotho Loti [LSL], or Convert Lesotho Loti to United States Dollar.
How to Convert United States Dollar to Lesotho Loti
1 USD = 0.0569258881861704 LSL
Example: convert 15 USD to LSL:
15 USD = 15 × 0.0569258881861704 LSL = 0.853888322792556 LSL
United States Dollar to Lesotho Loti Conversion Table
| United States Dollar | Lesotho Loti |
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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.
Lesotho Loti
The Lesotho Loti (LSL) is the official currency of Lesotho, used for all monetary transactions within the country.
History/Origin
Introduced in 1980, the Loti replaced the South African Rand at par and has since been managed by the Central Bank of Lesotho, reflecting the country's monetary independence.
Current Use
The Loti is actively used in Lesotho for everyday transactions, banking, and trade, and is pegged at par to the South African Rand.