Convert United States Dollar to Salvadoran Colón
Please provide values below to convert United States Dollar [USD] to Salvadoran Colón [SVC], or Convert Salvadoran Colón to United States Dollar.
How to Convert United States Dollar to Salvadoran Colón
1 USD = 0.114424920374559 SVC
Example: convert 15 USD to SVC:
15 USD = 15 × 0.114424920374559 SVC = 1.71637380561838 SVC
United States Dollar to Salvadoran Colón Conversion Table
| United States Dollar | Salvadoran Colón |
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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.
Salvadoran Colón
The Salvadoran Colón (SVC) was the official currency of El Salvador until 2001, used as the country's monetary unit for everyday transactions.
History/Origin
Introduced in 1892, the Salvadoran Colón replaced the peso and was used until 2001, when El Salvador adopted the United States dollar as its official currency. It was named after Christopher Columbus (Cristóbal Colón).
Current Use
The Salvadoran Colón is no longer in circulation; it was replaced by the US dollar in 2001 and is now obsolete, with no current use in transactions.