Convert United States Dollar to Angolan Kwanza
Please provide values below to convert United States Dollar [USD] to Angolan Kwanza [AOA], or Convert Angolan Kwanza to United States Dollar.
How to Convert United States Dollar to Angolan Kwanza
1 USD = 0.00108754734365474 AOA
Example: convert 15 USD to AOA:
15 USD = 15 × 0.00108754734365474 AOA = 0.0163132101548211 AOA
United States Dollar to Angolan Kwanza Conversion Table
| United States Dollar | Angolan Kwanza |
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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.
Angolan Kwanza
The Angolan Kwanza (AOA) is the official currency of Angola, used for all monetary transactions within the country.
History/Origin
The Kwanza was introduced in 1977, replacing the Angolan escudo after independence from Portugal. It has undergone several redenominations due to inflation and economic changes.
Current Use
The AOA is actively used as Angola's legal tender, with coins and banknotes circulating nationwide. It is managed by the National Bank of Angola.