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Gulf Coin to United States Dollar Converter and calculator

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Convert 1Gulf Coin (GULF) to United States Dollar (USD) equals $ 0.005036 | Bitget
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Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter offers real-time exchange rates, allowing for easy conversion of Gulf Coin(GULF) to United States Dollar(USD). This is the real-time data. The current conversion shows 1 GULF at a value of 1 GULF for 0.01 USD . Since crypto prices can change rapidly, we suggest checking back for the latest conversion result.

USD information

About the United States Dollar (USD)

What Is the United States Dollar (USD)?

The United States Dollar (USD), designated by the ISO code USD and commonly abbreviated as US$, is the official currency of the United States of America. It is one of the most recognizable and influential currencies in the world. The USD is used within the United States and its official territories, such as Puerto Rico, Guam, America Samoa, U.S. Virgin Islands, and Northern Marina Islands. Additionally, eleven other countries have adopted the USD as their official currency, including Ecuador, El Salvador, Zimbabwe, Palau, Marshall Islands, Panama, the British Virgin Islands, Turks and Caicos, Timor-Leste, Micronesia, and Bonaire.

The issuance and regulation of the USD are the responsibilities of the Federal Reserve System, the central bank of the United States. The Federal Reserve, or "the Fed," manages the country's monetary policy and ensures the stability and integrity of the currency. The U.S. Department of the Treasury, through the Bureau of Engraving and Printing, is tasked with the printing of paper currency, while the United States Mint produces coinage.

What Is the History of USD?

The United States Dollar (USD) has a rich history that mirrors the evolution of the United States. Initially grappling with diverse foreign currencies post-independence, the need for a unified system led to the Continental Congress adopting the dollar as the national currency on July 6, 1785. The choice was influenced by the Spanish dollar's prominence in the Americas. The Coinage Act of 1792 further established this move, creating the U.S. Mint and defining the dollar's value in gold and silver, initiating the bimetallic standard which stabilized the nation's economy and laid the groundwork for future financial growth. The 20th century saw the USD's global influence surge, especially with the 1944 Bretton Woods Agreement that pegged global currencies to the dollar, then linked to gold, making it the principal reserve currency worldwide. This status evolved in 1971 when the USD shifted to a fiat currency, backed by the U.S. government trust and credit.

Notes and Coins of USD

The U.S. currently prints currencies in denominations of $1, $2, $5, $10, $20, $50, and $100. The printing of notes higher than $100 ceased in 1946, with circulation formally stopping in 1969. Modern U.S. currency notes have incorporated additional colors since 2004 for differentiation, and plans are underway to add improved tactile features for visually impaired citizens.

The U.S. Mint also produces coins in denominations of 1 cent (penny), 5 cents (nickel), 10 cents (dime), 25 cents (quarter), 50 cents (half dollar), and 1 dollar. These coins are used for everyday transactions and also include collectible and commemorative versions.

The World’s Reserve Currency

The U.S. dollar's ascension to the status of the world's reserve currency is rooted in a confluence of historical events and economic strategies. Emerging as a dominant economic power in the early 20th century, the United States solidified the dollar's position through the establishment of the Federal Reserve in 1913 and the accumulation of significant gold reserves during World War I. The pivotal Bretton Woods Agreement in 1944, where 44 Allied nations pegged their currencies to the dollar, marked a defining moment, effectively linking global finance and trade to the U.S. currency. This arrangement was underpinned by the strength and size of the U.S. economy and the dominance of its financial markets. In 2022, the dollar constituted 59% of all foreign bank reserves, reflecting its enduring global influence. Despite discussions on de-dollarization, the U.S. dollar remains the principal reserve currency, a testament to its continued centrality in the international economic system.

What Is the US Dollar Index (USDX)?

The US Dollar Index (USDX) is a vital financial tool that measures the value of the United States Dollar (USD) against a basket of foreign currencies. Established in 1973, the USDX was created in the wake of the Bretton Woods Agreement's collapse. The index includes a diverse mix of currencies, originally comprising 17 currencies from 17 countries. However, with the introduction of the Euro in 1999, the index was adjusted, and it now primarily tracks the USD against six major world currencies: the Euro (EUR), Japanese Yen (JPY), British Pound (GBP), Canadian Dollar (CAD), Swedish Krona (SEK), and Swiss Franc (CHF).

What Is the Relationship Between USD and Gold?

Historically, the United States Dollar (USD) was closely tied to gold, operating under the gold standard system. This system, formalized in the early 20th century, pegged the value of the USD to a specific quantity of gold, offering stability and confidence in the currency's value. However, in 1971, this changed dramatically with the "Nixon Shock," which ended the convertibility of the USD into gold and shifted the currency to a fiat system. This move detached the USD's value from gold, making it subject to market forces and government policies.

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Bitget crypto-to-fiat exchange data shows that the most popular Gulf Coin currency pair is the GULF to USD, with for Gulf Coin's currency code being GULF. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for USD.

GULF to USD conversion rate trend

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In the past 1D, Gulf Coin has changed +0.13% to USD. Based on the trend and price charts, Gulf Coin(GULF) has changed +0.13% to USD while United States Dollar(USD) has changed % to GULF in the last 24 hours.

GULF to USD market statistics

GULF/USD:
$ 0.005036
GULF 24h volume:
$ 19,343.57
GULF market cap:
--
GULF circulating supply:
0 GULF

Current GULF to USD exchange rate

Gulf Coin to United States Dollar is rising this week.
Gulf Coin's current market price is $ 0.005036 per GULF, with a total market cap of $ 0 USD based on a circulating supply of -- GULF. The trading volume of Gulf Coin has changed by -3.22% ($ -644.37 USD) in the last 24 hours. Last trading day, GULF's trading volume was $ 19,987.94.

GULF to USD Conversion tables

The exchange rate of Gulf Coin is decreasing.
1 GULF is currently valued at $ 0.005036 USD , which means buying 5 GULF will cost $ 0.02518 USD . Similarly, $1 USD can be traded for 198.58 GULF, and $50 USD can be converted to 9,928.93 GULF, excluding any platform or gas fees.
The exchange rate of 1 GULF to United States Dollar has changed by +0.07% in the last 7 days. In the last 24 hours, the rate has fluctuated by +0.13%, reaching a high of 0.005039 USD and a low of 0.005029 USD . One month ago, the value of 1 GULF was $ 0.005215 USD , which represents a -3.44% change from its current value. Over the last year, Gulf Coin has changed by
-$
0.02507USD
, resulting in a change of -83.27% in its value.

GULF to USD

Amount
21:40 today
0.5 GULF
$0.002518
1 GULF
$0.005036
5 GULF
$0.02518
10 GULF
$0.05036
50 GULF
$0.2518
100 GULF
$0.5036
500 GULF
$2.52
1000 GULF
$5.04

USD to GULF

Amount21:40 today
0.5USD99.29  GULF
1USD198.58  GULF
5USD992.89  GULF
10USD1,985.79  GULF
50USD9,928.93  GULF
100USD19,857.86  GULF
500USD99,289.31  GULF
1000USD198,578.61  GULF
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GULF to USD Today vs. 24 hours ago

Amount21:40 today24 hours ago24h change
0.5 GULF$0.002518$0.002515
+0.13%
1 GULF$0.005036$0.005029
+0.13%
5 GULF$0.02518$0.02515
+0.13%
10 GULF$0.05036$0.05029
+0.13%
50 GULF$0.2518$0.2515
+0.13%
100 GULF$0.5036$0.5029
+0.13%
500 GULF$2.52$2.51
+0.13%
1000 GULF$5.04$5.03
+0.13%

GULF to USD Today vs. 1 month ago

Amount21:40 today1 month ago1M change
0.5 GULF$0.002518$0.002608
-3.44%
1 GULF$0.005036$0.005215
-3.44%
5 GULF$0.02518$0.02608
-3.44%
10 GULF$0.05036$0.05215
-3.44%
50 GULF$0.2518$0.2608
-3.44%
100 GULF$0.5036$0.5215
-3.44%
500 GULF$2.52$2.61
-3.44%
1000 GULF$5.04$5.22
-3.44%

GULF to USD Today vs. 1 year ago

Amount21:40 today1 year ago1Y change
0.5 GULF$0.002518$0.01505
-83.27%
1 GULF$0.005036$0.03011
-83.27%
5 GULF$0.02518$0.1505
-83.27%
10 GULF$0.05036$0.3011
-83.27%
50 GULF$0.2518$1.51
-83.27%
100 GULF$0.5036$3.01
-83.27%
500 GULF$2.52$15.05
-83.27%
1000 GULF$5.04$30.11
-83.27%

How to convert GULF to USD

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Convert GULF to USD
Use a variety of payment options to buy Gulf Coin on Bitget. We'll show you how.

Buy GULF (or USDT) for USD (United States Dollar) offers

Bitget P2P trading does not currently support direct buying of GULF with USD. However, you can buy USDT in Bitget P2P trading first, and then buy GULF with USDT via Bitget spot market.
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Sell GULF (or USDT) for USD (United States Dollar) offers

Bitget P2P trading currently does not support direct selling of GULF to USD. However, you can first exchange GULF for USDT in the Bitget spot market, and then sell USDT to USD in Bitget P2P trading.
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High to low
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What factors influence the conversion rate of GULF to USD?

There are many factors that affect the relationship between Gulf Coin and United States Dollar, spanning multiple dimensions such as macroeconomic trends, policy regulation, and technological innovation. Specifically, the following key factors play an important role:
Market sentiment:Investor sentiment and confidence have a significant impact on the dynamics of GULF/USD. When there is positive news in the market about the widespread adoption of GULF or major technological breakthroughs, it tends to trigger market optimism and drive the rise of GULF/USD. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in GULF/USD.
Regulatory environment:Government policies and regulations surrounding cryptocurrencies have a direct impact on their acceptance, which in turn determines their value relative to traditional currencies such as the US dollar. Clear and supportive regulations can enhance investor confidence in cryptocurrencies and drive their value up. Conversely, vague or overly strict regulatory policies may hinder the development of cryptocurrencies and cause their value to fall.
Regulatory environment:Government policies and regulations surrounding cryptocurrencies have a direct impact on their acceptance, which in turn determines their value relative to traditional currencies such as the US dollar. Clear and supportive regulations can enhance investor confidence in cryptocurrencies and drive their value up. Conversely, vague or overly strict regulatory policies may hinder the development of cryptocurrencies and cause their value to fall.
Economic indicators:Macroeconomic factors in the country where the fiat currency is issued—such as inflation rates, interest rates, and key economic growth indicators—play a crucial role in determining the fiat currency's value and indirectly affect the exchange rate of GULF/USD. For example, high inflation rates may lead to a decrease in market trust in fiat currencies, thereby increasing investors' demand for cryptocurrencies such as Bitcoin as a hedge, driving up their prices.
Technological progress:The continuous development and innovation of blockchain technology, as well as various improvements in the cryptocurrency ecosystem—such as expansion solutions and security enhancements—have provided strong support for the value growth of cryptocurrencies like Bitcoin.
Investors must understand these dynamics to avoid making wrong decisions. After considering these factors, investors should also closely monitor future changes in the price of Gulf Coin and adjust their investment strategies accordingly in the evolving market.

Gulf Coin price prediction

What will the price of GULF be in 2026?

Based on GULF's historical price performance prediction model, the price of GULF is projected to reach $0.005860 in 2026.

What will the price of GULF be in 2031?

In 2031, the GULF price is expected to change by +38.00%. By the end of 2031, the GULF price is projected to reach $0.02262, with a cumulative ROI of +349.66%.

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FAQ

What is a cryptocurrency calculator?

A cryptocurrency calculator enables users to convert various digital currencies into different world currencies according to the current exchange rate.

How does a cryptocurrency calculator work?

A cryptocurrency calculator fetches real-time values from digital currency exchange markets to convert between Gulf Coin and USD.

How accurate is a cryptocurrency calculator?

Cryptocurrency calculators are generally highly accurate as they track real-time data from cryptocurrency markets, such as Gulf Coin and USD. However, due to the high volatility of the cryptocurrency market, rates can fluctuate rapidly.

Can I trust the results of a cryptocurrency calculator?

While cryptocurrency calculators can provide a good starting point, remember that there might be slight differences in real-time trading due to factors such as time delay and trading platform discrepancies.

Can I use a cryptocurrency calculator for tax purposes?

Cryptocurrency calculators are useful for tax information, like coin values at given times. However, it's better to use tax-specific software or a professional for accurate reporting. Bitget Academy is a useful guide for cryptocurrency taxes, covering tax procedures, crypto transactions, effective planning, and different tax tools. Bitget prioritizes user experience, especially in optimizing tax management. With Advanced API and collaborations like Koinly, Bitget provides a smart, accessible platform for cryptocurrency trade and tax responsibilities.

Can a cryptocurrency calculator be used to convert one type of cryptocurrency to another?

If you want to know the value of Gulf Coin in USD, cryptocurrency calculators can help you. But if you want to compare the worth of two different cryptocurrencies, you can use Bitget Convert. This tool simplifies the process of cryptocurrency conversion by allowing you to avoid multiple transactions or frequent transfers between wallets and exchanges. With Bitget Convert, you can seamlessly convert your cryptocurrencies in a user-friendly way.
This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Bitget to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Bitget exchange as well as other cryptocurrency exchanges and market data platforms. Bitget may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Bitget is not liable for any errors or delays in content or for any actions taken in reliance on any content.