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Phemex Token to United States Dollar Converter and calculator

Convert 1Phemex Token (PT) to United States Dollar (USD) equals $ 1.22 | Bitget
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Last updated 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 Phemex Token(PT) to United States Dollar(USD). This is the real-time data. The current conversion shows 1 PT at a value of 1 PT for 1.22 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.

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

PT to USD conversion rate trend

1D7D1M3M1YAll
In the past 1D, Phemex Token has changed -0.14% to USD. Based on the trend and price charts, Phemex Token(PT) has changed -0.14% to USD while United States Dollar(USD) has changed % to PT in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
$1.22
0.0003% / 0.0004%vip-iconVIP
Last updated 2024/06/14 05:17:28(UTC+0)

How to buy Phemex Token

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Create Your Free Bitget Account
Sign up on Bitget with your email address/mobile phone number and create a strong password to secure your account.
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Verify Your Account
Verify your identity by entering your personal information and uploading a valid photo ID.
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Buy Phemex Token (PT)
Use a variety of payment options to buy Phemex Token on Bitget. We'll show you how.

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

Bitget P2P trading does not currently support direct buying of PT with USD. However, you can buy USDT in Bitget P2P trading first, and then buy PT with USDT via Bitget spot market.
Merchants (trades/completion rate)PriceAmount/limit
Low to high
Payment methods
Zero fees
Action
P
Ponreay_FXVerified Merchant
177 tradesCompletion rate 95.00%
1 USD
Amount970.03 USDT
Limit10 - 970.03 USD
Wing MoneyTrue Money (Cambodia)ABA (Cambodia)
Buy
金边安欣币行Verified Merchant
307 tradesCompletion rate 98.00%
1 USD
Amount2193.72 USDT
Limit10 - 2193 USD
Wing MoneyTrue Money (Cambodia)Bank Transfer (Cambodia)ABA (Cambodia)
Buy
C
CriptoYaExchange_GoVerified Merchant
20 tradesCompletion rate 83.00%
1.02 USD
Amount440.2 USDT
Limit30 - 438 USD
PayeerZinli
Buy
y
yaske212Verified Merchant
26 tradesCompletion rate 79.00%
1.02 USD
Amount150 USDT
Limit10 - 153 USD
Air TMZinli
Buy
Q
QuickResponse100%Verified Merchant
455 tradesCompletion rate 98.00%
1.024 USD
Amount200 USDT
Limit10 - 204.8 USD
Volet.com(Formerly Advcash)Air TM
Buy

Sell PT (or USDT) for USD (United States Dollar) offers

Bitget P2P trading currently does not support direct selling of PT to USD. However, you can first exchange PT for USDT in the Bitget spot market, and then sell USDT to USD in Bitget P2P trading.
Merchants (trades/completion rate)PriceAmount/limit
High to low
Payment methods
Zero fees
Action
M
Mzansi*Coins*ReserveVerified Merchant
4 tradesCompletion rate 57.00%
1.15 USD
Amount488.72 USDT
Limit10 - 575 USD
WebMoney
Sell
y
yaske212Verified Merchant
26 tradesCompletion rate 79.00%
1.12 USD
Amount500 USDT
Limit10 - 414 USD
WebMoney
Sell
c
cR7_traderVerified Merchant
9 tradesCompletion rate 69.00%
1.1 USD
Amount4993.23 USDT
Limit100 - 5000 USD
WebMoney
Sell
D
DimTradeVerified Merchant
0 tradesCompletion rate 0.00%
1.1 USD
Amount4502.79 USDT
Limit100 - 1000 USD
WebMoney
Sell
Q
QuickResponse100%Verified Merchant
455 tradesCompletion rate 98.00%
1.015 USD
Amount106 USDT
Limit10 - 107 USD
Perfect Money
Sell

What factors influence the conversion rate of Phemex Token to United States Dollar?

Phemex Token to United States Dollar is rising this week.
Phemex Token's current market price is $ 1.22 per PT, with a total market cap of $ 0 USD based on a circulating supply of -- PT. The trading volume of Phemex Token has changed by -29.27% ($ -351,604.43 USD) in the last 24 hours. Last trading day, PT's trading volume was $ 1,201,220.43.
Market cap
$0
24h volume
$849.62K
Circulating supply
0 PT

Conversion tables

The exchange rate of Phemex Token is increasing.
1 PT is currently valued at $ 1.22 USD , which means buying 5 PT will cost $ 6.12 USD . Similarly, $1 USD can be traded for 0.8167 PT, and $50 USD can be converted to 40.83 PT, excluding any platform or gas fees.
The exchange rate of 1 PT to United States Dollar has changed by +4.69% in the last 7 days. In the last 24 hours, the rate has fluctuated by -0.14%, reaching a high of 1.23 USD and a low of 1.21 USD . One month ago, the value of 1 PT was $ 0.9736 USD , which represents a +25.76% change from its current value. Over the last year, Phemex Token has changed by
+$
0.2245USD
, resulting in a change of --% in its value.

PT to USD

Amount
05:17 am today
0.5 PT
$0.6122
1 PT
$1.22
5 PT
$6.12
10 PT
$12.24
50 PT
$61.22
100 PT
$122.45
500 PT
$612.23
1000 PT
$1,224.46

USD to PT

Amount05:17 am today
0.5USD0.4083  PT
1USD0.8167  PT
5USD4.08  PT
10USD8.17  PT
50USD40.83  PT
100USD81.67  PT
500USD408.34  PT
1000USD816.69  PT
Buy Phemex Token for 1 USD
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Today vs. 24 hours ago

Amount05:17 am today24 hours ago24h change
0.5 PT$0.6122$0.6131
-0.14%
1 PT$1.22$1.23
-0.14%
5 PT$6.12$6.13
-0.14%
10 PT$12.24$12.26
-0.14%
50 PT$61.22$61.31
-0.14%
100 PT$122.45$122.62
-0.14%
500 PT$612.23$613.08
-0.14%
1000 PT$1,224.46$1,226.17
-0.14%

Today vs. 1 month ago

Amount05:17 am today1 month ago1M change
0.5 PT$0.6122$0.4868
+25.76%
1 PT$1.22$0.9736
+25.76%
5 PT$6.12$4.87
+25.76%
10 PT$12.24$9.74
+25.76%
50 PT$61.22$48.68
+25.76%
100 PT$122.45$97.36
+25.76%
500 PT$612.23$486.82
+25.76%
1000 PT$1,224.46$973.64
+25.76%
Buy Phemex Token for 1 USD
A welcome pack worth 1000 USDT for new Bitgetters!
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Today vs. 1 year ago

Amount05:17 am today1 year ago1Y change
0.5 PT$0.6122$0.00
--
1 PT$1.22$0.00
--
5 PT$6.12$0.00
--
10 PT$12.24$0.00
--
50 PT$61.22$0.00
--
100 PT$122.45$0.00
--
500 PT$612.23$0.00
--
1000 PT$1,224.46$0.00
--

Phemex Token price prediction

What will the price of PT be in 2025?

Based on PT's historical price performance prediction model, the price of PT is projected to reach $1.71 in 2025.

What will the price of PT be in 2030?

In 2030, the PT price is expected to rise by +4.00%. By the end of 2030, the PT price is projected to reach $3.58, with a cumulative ROI of +191.98%.
Buy Phemex Token for 1 USD
A welcome pack worth 1000 USDT for new Bitgetters!
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Buy Phemex Token for 1 USD
A welcome pack worth 1000 USDT for new Bitgetters!
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Buy Phemex Token for 1 USD
A welcome pack worth 1000 USDT for new Bitgetters!
Buy Phemex Token now

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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 Phemex Token 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 Phemex Token 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 Phemex Token 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.

Buy Phemex Token for 1 USD

A welcome pack worth 1000 USDT for new Bitgetters!

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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.