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US Dollar - USD

The US Dollar is the currency of United States of America (USA). The US Dollar is the most standard and widely used currency in the world. The US Dollar is the most converted currency in the world and is used as a benchmark in the foreign currency exchange market. Several countries use it as their official currency and in many other countries, it is the de facto currency. It is divided into 100 cents and is printed by Federal Reserve Bank.

Currency Facts

USD StatsUSD Profile
Name : US DollarNicknames: Greenback, Buck, Green, Dough, Smacker, Bones, Dead Presidents, Scrillas, Paper
Symbol : $ Cent: ¢CoinsFreq Used : 1¢, 5¢, 10¢, 25¢
Rarely Used : $1, 50¢
Minor Unit : 1/100 = CentBanknotes : Freq Used : 1¢, 5¢, 10¢, 25¢
Rarely Used : $1, 50¢
Central Bank Rate: 0.50Central Bank : Federal Reserve Bank 
Top USD Conversion: USD-EUROUsers : United States, America, American Samoa, 
British Indian Ocean Territory, British Virgin Islands etc.

World?s Primary Reserve Currency

The USD can be paired with all other major currencies of the world and is used most in the international transactions. That is the reason for its popularity and widespread use. Very few currencies can be traded on a regular basis in India. If you are unable to find the currency of the country you plan to travel, exchanging your INR to USD makes perfect sense. Since it is the world?s primary reserve currency, you can exchange your US Dollars for the local currency of the country you are in. There are plenty of places where you may not be able to find Indian Rupees and most other currencies would most probably not be accepted for exchange. Because of its popularity, it is cheaper to carry US Dollars even if the local currency of the country you're traveling to, is available. This is because currency rates, especially of products such as cash currency and traveller?s cheques are priced based on a demand supply relationship. There is always a sufficient supply of US Dollars in India and other countries and therefore, USD is always available at affordable rates. This, however, is not true for many other currencies.

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