The fraction 7/37 is equal to 18.92% when converted to a percentage and rounded to two decimal places. This means that if you had 37 equal parts of something and took 7 of those parts, you'd have about 19% of the whole. It's a bit less than one-fifth, which would be 20%.
7/37 isn't a fraction you see every day, but it can pop up in various situations. For example, if you're looking at survey results or statistics, you might come across this fraction or its percentage form. It's always handy to be able to switch between fractions and percentages to better understand the information being presented.