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Tranchess to United States Dollar Converter and calculator

Convert 1Tranchess (CHESS) to United States Dollar (USD) equals $ 0.1765 | 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 Tranchess(CHESS) to United States Dollar(USD). This is the real-time data. The current conversion shows 1 CHESS at a value of 1 CHESS for 0.18 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 Tranchess currency pair is the CHESS to USD, with for Tranchess's currency code being CHESS. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for USD.

CHESS to USD conversion rate trend

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In the past 1D, Tranchess has changed -4.30% to USD. Based on the trend and price charts, Tranchess(CHESS) has changed -4.30% to USD while United States Dollar(USD) has changed % to CHESS in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
$0.1783
0.0001% / 0.0004%vip-iconVIP
Binance
$0.1778
0.1000% / 0.1000%
Yes
Gate.io
$0.1783
0.1000% / 0.1000%
Yes
Last updated 2024/05/23 18:00:16(UTC+0)

How to buy Tranchess

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Buy Tranchess (CHESS)
Use a variety of payment options to buy Tranchess on Bitget. We'll show you how.

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

Tranchess to United States Dollar is rising this week.
Tranchess's current market price is $ 0.1765 per CHESS, with a total market cap of $ 28,005,083 USD based on a circulating supply of 158,674,990 CHESS. The trading volume of Tranchess has changed by -41.13% ($ -1,556,873.69 USD) in the last 24 hours. Last trading day, CHESS's trading volume was $ 3,785,434.97.
Market cap
$28.01M
24h volume
$2.23M
Circulating supply
158.67M CHESS

Conversion tables

The exchange rate of Tranchess is decreasing.
1 CHESS is currently valued at $ 0.1765 USD , which means buying 5 CHESS will cost $ 0.8825 USD . Similarly, $1 USD can be traded for 5.67 CHESS, and $50 USD can be converted to 283.3 CHESS, excluding any platform or gas fees.
The exchange rate of 1 CHESS to United States Dollar has changed by +0.83% in the last 7 days. In the last 24 hours, the rate has fluctuated by -4.30%, reaching a high of 0.1860 USD and a low of 0.1761 USD . One month ago, the value of 1 CHESS was $ 0.2199 USD , which represents a -19.76% change from its current value. Over the last year, Tranchess has changed by
+$
0.003503USD
, resulting in a change of +2.03% in its value.

CHESS to USD

Amount
18:40 today
0.5 CHESS
$0.08825
1 CHESS
$0.1765
5 CHESS
$0.8825
10 CHESS
$1.76
50 CHESS
$8.82
100 CHESS
$17.65
500 CHESS
$88.25
1000 CHESS
$176.49

USD to CHESS

Amount18:40 today
0.5USD2.83  CHESS
1USD5.67  CHESS
5USD28.33  CHESS
10USD56.66  CHESS
50USD283.3  CHESS
100USD566.59  CHESS
500USD2,832.97  CHESS
1000USD5,665.94  CHESS
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Today vs. 24 hours ago

Amount18:40 today24 hours ago24h change
0.5 CHESS$0.08825$0.09220
-4.30%
1 CHESS$0.1765$0.1844
-4.30%
5 CHESS$0.8825$0.9220
-4.30%
10 CHESS$1.76$1.84
-4.30%
50 CHESS$8.82$9.22
-4.30%
100 CHESS$17.65$18.44
-4.30%
500 CHESS$88.25$92.2
-4.30%
1000 CHESS$176.49$184.4
-4.30%

Today vs. 1 month ago

Amount18:40 today1 month ago1M change
0.5 CHESS$0.08825$0.1099
-19.76%
1 CHESS$0.1765$0.2199
-19.76%
5 CHESS$0.8825$1.1
-19.76%
10 CHESS$1.76$2.2
-19.76%
50 CHESS$8.82$10.99
-19.76%
100 CHESS$17.65$21.99
-19.76%
500 CHESS$88.25$109.93
-19.76%
1000 CHESS$176.49$219.87
-19.76%
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Today vs. 1 year ago

Amount18:40 today1 year ago1Y change
0.5 CHESS$0.08825$0.08650
+2.03%
1 CHESS$0.1765$0.1730
+2.03%
5 CHESS$0.8825$0.8650
+2.03%
10 CHESS$1.76$1.73
+2.03%
50 CHESS$8.82$8.65
+2.03%
100 CHESS$17.65$17.3
+2.03%
500 CHESS$88.25$86.5
+2.03%
1000 CHESS$176.49$172.99
+2.03%

Tranchess price prediction

What will the price of CHESS be in 2025?

Based on CHESS's historical price performance prediction model, the price of CHESS is projected to reach $0.2385 in 2025.

What will the price of CHESS be in 2030?

In 2030, the CHESS price is expected to rise by -18.00%. By the end of 2030, the CHESS price is projected to reach $0.3024, with a cumulative ROI of +71.34%.
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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.