USD - US Dollar
US Dollar Converters
The conversion rates from US Dollar to other currencies were last updated 44 minutes ago.
1 USD = 1 ARS
US Dollar to Argentine Peso Converter
1 USD = 1 AUD
US Dollar to Australian Dollar Converter
1 USD = 0.00015 BTC
US Dollar to Bitcoin Converter
1 USD = 1 BRL
US Dollar to Brazilian Real Converter
1 USD = 0.769 GBP
US Dollar to British Pound Sterling Converter
1 USD = 1 CAD
US Dollar to Canadian Dollar Converter
1 USD = 1 CLP
US Dollar to Chilean Peso Converter
1 USD = 1 CNY
US Dollar to Chinese Yuan Converter
1 USD = 1 CZK
US Dollar to Czech Republic Koruna Converter
1 USD = 1 DKK
US Dollar to Danish Krone Converter
1 USD = 0.005 ETH
US Dollar to Ethereum Converter
1 USD = 0.896 EUR
US Dollar to Euro Converter
1 USD = 1 HKD
US Dollar to Hong Kong Dollar Converter
1 USD = 1 HUF
US Dollar to Hungarian Forint Converter
1 USD = 1 ISK
US Dollar to Icelandic Króna Converter
1 USD = 1 INR
US Dollar to Indian Rupee Converter
1 USD = 1 IDR
US Dollar to Indonesian Rupiah Converter
1 USD = 1 ILS
US Dollar to Israeli New Sheqel Converter
1 USD = 1 JPY
US Dollar to Japanese Yen Converter
1 USD = 1 MYR
US Dollar to Malaysian Ringgit Converter
1 USD = 1 MXN
US Dollar to Mexican Peso Converter
1 USD = 1 NZD
US Dollar to New Zealand Dollar Converter
1 USD = 1 NOK
US Dollar to Norwegian Krone Converter
1 USD = 1 PKR
US Dollar to Pakistani Rupee Converter
1 USD = 1 PHP
US Dollar to Philippine Peso Converter
1 USD = 1 PLN
US Dollar to Polish Zloty Converter
1 USD = 1 RUB
US Dollar to Russian Ruble Converter
1 USD = 1 SGD
US Dollar to Singapore Dollar Converter
1 USD = 1 ZAR
US Dollar to South African Rand Converter
1 USD = 1 KRW
US Dollar to South Korean Won Converter
1 USD = 1 SEK
US Dollar to Swedish Krona Converter
1 USD = 0.975 CHF
US Dollar to Swiss Franc Converter
1 USD = 1 TWD
US Dollar to Taiwan Dollar Converter
1 USD = 1 THB
US Dollar to Thai Baht Converter
1 USD = 1 TRY
US Dollar to Turkish Lira Converter
|ISO 4217 Code||USD||Symbol||$, US $|
|Country||United States of America||Region||Northern America|
|Central Bank||Federal Reserve System||Website of the Central Bank||www.federalreserve.gov|
|Sub Unit||1 USD = 100 cents||Minor Units||
|Inflation||2.13% (May 2014)||Source of Inflation||inflationdata.com|
|Printer of the USD Banknotes||Bureau of Engraving and Printing||Producer of USD Coins (Mint)||United States Mint|
The official currency used in the United States of America is the United States Dollar, with its characteristic symbol $.
Subdivision of USD
The U.S. dollar is divided into 100 smaller units called cents or pennies, although a further division of 1,000 mills to a dollar still exists. This division is usually used for tax purposes and cannot be encountered in everyday transactions.
- 1 US Dollar = 100 cents
- 1 US Dollar = 1000 mills
Countries using USD
Countries that have declared their independence from the U.S. administration, such as Palau, the Federated States of Micronesia and the Marshall Islands, chose to keep the dollar as their official currency. Bermuda Islands and Panama, along with several other states, allow their citizens to exchange local currency for the U.S. dollar at a ratio of 1:1. Independent countries, Ecuador, El Salvador and East Timor, have all officially declared the U.S. dollar as their official currency. U.S. territories American Samoa, Guam, Northern Mariana Islands, Puerto Rico and U.S. Virgin Island, also use the U.S. dollar as their official currency.
The 11 offical US Dollar users:
- United States
- East Timor
- El Salvador
- American Samoa
- Northern Marina Island
- Puerto Rico
- U.S. Virgin Islands
- United States Minor Outlying Islands
Global Exchange of U.S. Dollar
U.S. Dollar the most dominant currency in the entire world, being used not only as the official currency in the USA, but also in several other countries, as well as a currency used in most international transactions. Furthermore, the U.S. dollar is the most widespread reserve currency.
The Use of Dollar outside the US
Most of the US Dollar notes are located outside the United States of America. There are several factors contributing to this state.
- The fact that the U.S. dollar is adopted as a standard currency in the commodity markets (mostly for gold and oil),
- Being the most widespread federal reserve currency, significantly increases the number of dollar notes in circulation.
- A considerable number of countries have adopted the U.S. dollar as their official currency.
History and Introduction of the U.S. Dollar
|1785||The roots of the US dollar can be traced back to 1785, when it was first adopted as the official currency of the United States.|
|1792||It was followed by the Coinage Act of 1792, responsible for setting up the federal monetary system, which also established the denominations for coins through their value in gold, silver and copper.|
|1861||The first $10 Demand bills were printed in 1861, and featured American President Abraham Lincoln, and were commonly known as “greenbacks”, due to their unique color.|
|1806||The bimetallic standard, used for expression of value in terms of silver and gold, was used by the US for years, right up until 1806, when silver coins were suspended from circulation entirely. This opened up the opportunity for the adoption of the gold standard, which basically meant that any printed money had its equivalent in gold. The model accepted by the majority of the countries was the Bretton Woods system, which was an exchange system that set up the rates of exchange in terms of gold. Seeing as most of the world’s gold was located in the US, most of the countries just tied the value of their currency to the US dollar, which effectively turned it into the de facto currency of the world.|
U.S. Dollar Banknotes and Coins
The U.S. dollar currently circulates in two different forms: paper and coin. Denominations that are equal in value or lesser than a dollar are issued as U.S. coins, while denominations that are equal in value or greater than a dollar are issued as Federal Reserve Notes. Even though one-dollar coin denominations are still in circulation, the printed form is the more dominant one.
Current denominations of coins are:
Current denominations of paper notes are:
Material used to manufacture U.S. Dollar banknotes
Unlike most printed money, which is made from wood fiber, USD paper notes are produced using cotton fibers.
Material used to manufacture U.S. Dollar coins
These coins are made from a variety of metals which include:
All U.S. Dollar Banknotes are of the same in size. USD bills measure a width of 155.956 mm and a height of 66.294 mm.
The U.S Dollar coins vary in sizes. The diameter reach from 0.75 inches to 1.043 inches.
|Cent||0.750 in - 19.05 mm|
|Nickel||0.835 in - 21.21 mm|
|Dime||0.705 in - 17.91 mm|
|Quarter Dollar||0.955 in - 24.26 mm|
|Half Dollar||1.205 in - 30.61 mm|
|$1||1.043 in - 26.49 mm|
Design of U.S. Dollar banknotes
The design for the face and back of every banknote, with the exception of the back of $1 and $2 dollar bills, was established and accepted in 1928. The U.S. dollar is well known for using portraits of American presidents for the face of the bill.
|Bank note||Front side||Back side|
|$1||George Washington||Great Seal of the United States|
|$2||Thomas Jefferson||Sign of the Declaration of Independence|
|$5||Abraham Lincoln||Lincoln Memorial|
|$10||Alexander Hamilton||The Treasury Building|
|$20||Andrew Jackson||The White House|
|$50||Ulysses Grant||The Capitol|
|$100||Benjamin Franklin||The Independence Hall|
Notes larger than $100
Notes like $500, $1,000, $5,000, and $10,000 denominations have been out of circulation since 1969, since they were rarely used in financial transactions. However, these notes are still legal tender, and can be found among the collectors
Design of U.S. Dollar coins
There are several editions of every coin. As the reverse side of the coin changed with almost every edition, the obverese stayed the same.
|1¢ - $0.01||Abraham Lincoln|
|5¢ - $0.05||Thomas Jefferson|
|10¢ - $0.10||Franklin D. Roosevelt|
|25¢ - $0.25||George Washington|
|50¢ - $0.50||John F. Kennedy|
|$1||Each decesed president|
Printing and Minting
Curiously enough two separate bodies issue coins and paper money.
The Bureau of Engraving and Printing is in charge of printing the banknotes since 1914.
The 'United States Mint' is tasked with the production of the coins.
The central bank which is in charge of the U.S. Dollars is called Federal Reserve System.
The U.S. dollars are colloquially referred to as bucks, smackers, bones, scrilla, paper, dough, dead presidents, Washingtons, Jeffersons, Benjamins and so on (depending on the denomination), while smaller denominations are referred to as pennies (¢1), nickels (¢5), dimes (¢10) and quarters (¢25).