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US Dollar (USD) Exchange Rates on 21st November 2024 (21/11/2024)

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Exchange rates for US Dollar (USD)

					Updated: 2024-11-21
Convert from	Convert to	1 USD	Conversion	in currency	Conversion
USD	GBP	0.7902	USD to GBP	1.2655	GBP to USD
USD	BGN	1.8537	USD to BGN	0.5395	BGN to USD
USD	HRK	7.1333	USD to HRK	0.1402	HRK to USD
USD	CZK	23.9704	USD to CZK	0.0417	CZK to USD
USD	DKK	7.0693	USD to DKK	0.1415	DKK to USD
USD	EEK	0	USD to EEK	0	EEK to USD
USD	HUF	388.3895	USD to HUF	0.0026	HUF to USD
USD	KZT	497.1741	USD to KZT	0.002	KZT to USD
USD	LVL	0.6049	USD to LVL	1.6532	LVL to USD
USD	LTL	0	USD to LTL	0	LTL to USD
USD	MKD	58.3037	USD to MKD	0.0172	MKD to USD
USD	MDL	18.2149	USD to MDL	0.0549	MDL to USD
USD	NOK	11.0487	USD to NOK	0.0905	NOK to USD
USD	PLN	4.1093	USD to PLN	0.2434	PLN to USD
USD	RON	4.7171	USD to RON	0.212	RON to USD
USD	RUB	100.5084	USD to RUB	0.0099	RUB to USD
USD	SKK	0	USD to SKK	0	SKK to USD
USD	SEK	11.0124	USD to SEK	0.0908	SEK to USD
USD	CHF	0.8828	USD to CHF	1.1327	CHF to USD
USD	TRY	34.4912	USD to TRY	0.029	TRY to USD
USD	UAH	41.2692	USD to UAH	0.0242	UAH to USD

					Updated: 2024-11-21
Convert from	Convert to	1 USD	Conversion	in currency	Conversion
USD	ARS	1002.7452	USD to ARS	0.001	ARS to USD
USD	BOB	6.9307	USD to BOB	0.1443	BOB to USD
USD	BRL	5.7764	USD to BRL	0.1731	BRL to USD
USD	CAD	1.3965	USD to CAD	0.7161	CAD to USD
USD	KYD	0.8341	USD to KYD	1.1989	KYD to USD
USD	CLP	973.8183	USD to CLP	0.001	CLP to USD
USD	COP	4396.5917	USD to COP	0.0002	COP to USD
USD	CRC	508.2518	USD to CRC	0.002	CRC to USD
USD	DOP	60.3643	USD to DOP	0.0166	DOP to USD
USD	SVC	8.757	USD to SVC	0.1142	SVC to USD
USD	FJD	2.2692	USD to FJD	0.4407	FJD to USD
USD	HNL	25.2912	USD to HNL	0.0395	HNL to USD
USD	JMD	158.6398	USD to JMD	0.0063	JMD to USD
USD	MXN	20.2966	USD to MXN	0.0493	MXN to USD
USD	ANG	1.8037	USD to ANG	0.5544	ANG to USD
USD	PYG	7838.1287	USD to PYG	0.0001	PYG to USD
USD	PEN	3.7981	USD to PEN	0.2633	PEN to USD
USD	TTD	6.7762	USD to TTD	0.1476	TTD to USD
USD	USD	1	USD to USD	1	USD to USD
USD	UYU	42.7848	USD to UYU	0.0234	UYU to USD
USD	VEF	3632823.6639	USD to VEF	0	VEF to USD

					Updated: 2024-11-21
Convert from	Convert to	1 USD	Conversion	in currency	Conversion
USD	AUD	1.5349	USD to AUD	0.6515	AUD to USD
USD	BDT	119.6021	USD to BDT	0.0084	BDT to USD
USD	BND	1.3441	USD to BND	0.744	BND to USD
USD	CNY	7.2424	USD to CNY	0.1381	CNY to USD
USD	INR	84.4329	USD to INR	0.0118	INR to USD
USD	IDR	15938.6716	USD to IDR	0.0001	IDR to USD
USD	JPY	155.0805	USD to JPY	0.0064	JPY to USD
USD	MYR	4.4655	USD to MYR	0.2239	MYR to USD
USD	MVR	15.4601	USD to MVR	0.0647	MVR to USD
USD	NPR	135.0917	USD to NPR	0.0074	NPR to USD
USD	NZD	1.7011	USD to NZD	0.5878	NZD to USD
USD	PKR	278.2268	USD to PKR	0.0036	PKR to USD
USD	PGK	4.029	USD to PGK	0.2482	PGK to USD
USD	PHP	58.9485	USD to PHP	0.017	PHP to USD
USD	SCR	13.6214	USD to SCR	0.0734	SCR to USD
USD	SGD	1.3425	USD to SGD	0.7449	SGD to USD
USD	KRW	1397.8084	USD to KRW	0.0007	KRW to USD
USD	LKR	291.1871	USD to LKR	0.0034	LKR to USD
USD	TWD	32.585	USD to TWD	0.0307	TWD to USD
USD	THB	34.6815	USD to THB	0.0288	THB to USD

					Updated: 2024-11-21
Convert from	Convert to	1 USD	Conversion	in currency	Conversion
USD	BHD	0.3769	USD to BHD	2.6531	BHD to USD
USD	EGP	49.7292	USD to EGP	0.0201	EGP to USD
USD	HKD	7.7827	USD to HKD	0.1285	HKD to USD
USD	ILS	3.7373	USD to ILS	0.2676	ILS to USD
USD	JOD	0.7091	USD to JOD	1.4102	JOD to USD
USD	KWD	0.3075	USD to KWD	3.2518	KWD to USD
USD	LBP	89633.568	USD to LBP	0	LBP to USD
USD	OMR	0.385	USD to OMR	2.5973	OMR to USD
USD	QAR	3.6497	USD to QAR	0.274	QAR to USD
USD	SAR	3.7547	USD to SAR	0.2663	SAR to USD
USD	AED	3.673	USD to AED	0.2723	AED to USD
USD	YER	249.9238	USD to YER	0.004	YER to USD

					Updated: 2024-11-21
Convert from	Convert to	1 USD	Conversion	in currency	Conversion
USD	DZD	133.6704	USD to DZD	0.0075	DZD to USD
USD	KES	129.6061	USD to KES	0.0077	KES to USD
USD	MUR	46.4897	USD to MUR	0.0215	MUR to USD
USD	MAD	9.9983	USD to MAD	0.1	MAD to USD
USD	NAD	18.153	USD to NAD	0.0551	NAD to USD
USD	NIO	36.8295	USD to NIO	0.0272	NIO to USD
USD	NGN	1680.5931	USD to NGN	0.0006	NGN to USD
USD	SLL	20969.4315	USD to SLL	0	SLL to USD
USD	ZAR	18.1149	USD to ZAR	0.0552	ZAR to USD
USD	TZS	2652.3601	USD to TZS	0.0004	TZS to USD
USD	TND	3.1591	USD to TND	0.3165	TND to USD
USD	UGX	3693.4129	USD to UGX	0.0003	UGX to USD
USD	XOF	622.0013	USD to XOF	0.0016	XOF to USD
USD	ZMK	9001.1861	USD to ZMK	0.0001	ZMK to USD

United States Dollar (USD)
1 United States Dollar

Sign $
1 US dollar is subdivided into 10 dimes, 100 cents or 1000 mills.

USD is the currency code for the United States dollar (USD), it is synonymous with US$, both of which are represented in accounting with the $ symbol. The USD is the the worlds largest reserve currency, the most used currency in currency pair trades, and the primary currency used in the United States of America and its territories. It is also the currency for the Turks and Caicos Islands as well as the British Virgin Islands, both of which are overseas territories of the United Kingdom.

Coins used:
- frequently used: 1¢, 5¢, 10¢, 25¢
- rarely used: 50¢, $1

Banknotes used:
- frequently used: $1, $5, $10, $20, $50, $100
- rarely used: $2, $500, $1,000, $5,000, $10,000, $100,000

Central Bank
Federal Reserve System
http://www.federalreserve.gov/
In addition to being the World's largest reserve currency the USD is officially used by 14 countries as their primary currency. This includes such countries as Panama, Ecuador, El Salvador, Puerto Rico, Guam, U.S. Virgin Islands, and American Somoa. In addition to these countries that use the USD as their primary currency, 14 other countries use it as their unofficial currency, these countries include Cambodia, Lebanon, Palau, East Timor, The Bahamas, and the Marshall Islands. There are also 23 more countries, not yet included in either of these categories that have officially pegged their local currency to the USD, these currencies include the Belize dollar, Lebanese pound, Saudi riyal, Jordanian dinar, United Arab Emirates dirham, and the East Caribbean dollar just to name a few.

The current circulation of the USD is just over 800 billion, a number just below the circulation of the euro which is currently 816 billion. The currency unit for the issuance of the dollar is set on 1/1000 increments in spite of the lowest denomination in issuance being the penny, valued at 1/100 of a dollar. This 1/1000 or measure in mills, is an internal unit of calculation and why many taxes, fees, and even some retail prices, depending upon these taxes and fees, are priced with to the third decimal place. The most common example is the price of automobile gasoline in the United States which is openly available and purchased daily by most Americans at a price listed to the thousandth of the dollar, for example a price $3.56 9/10 or $3.599.

The value of the USD was originally tied directly to the Spanish milled dollar when the United States Congress enacted the Coinage Act of 1982. Over time the USD evolved through many standards of value to its current state as a floating fiat currency. This evolution has occurred while its overall purchasing power has declined by more than 96.3% from 1774 through 2010. In other words, the equivalent basket of goods that $1 could purchase in 1774 would currently cost $33.34 in 2010 USD. This devaluation of the dollar is also referred to as price inflation which is measured by the United States Bureau of Labor Statistics and is known as the United States Consumer Price Index (CPI).

While initially anchored to the value of metals such as gold and silver, the untying of the USD to these "high powered money" standards began with the introduction of the United States Federal Reserve in 1913. The stated intent of the Federal Reserve at the time was to allow for currency elasticity through the ability to substantially impact the quantity of money within a short period of time. This effectively removed the USD from what was known as the gold standard and the Federal Reserve allowed for inflation as a way to hold together the economy during World War I, stabilized the dollar through the 1920's and in fact brought about deflation in the 1930's.

Toward the end of World War II with its sever price instability and seeing the need for stable currencies and the economic interconnectedness of nation states the Bretton Woods system was put into place. This put the USD back onto a strict interpretation of the gold standard and this was also one of the first instances in history where nation states fully negotiated and then voluntarily subjected themselves to an agreed upon collaboration between their currencies and their sovereign monetary policies. The euro and eurozone being a more recent example of this same type of collaboration, but through different means. Where Bretton Woods tied all sovereign member state's currencies to gold, the eurozone eliminated sovereign currencies replacing each nation's previous currency with the euro. This may have been a safeguard to ensure the long term adherence to the new currency and agreements, with all participants knowing that the Bretton Woods system disintegrated when member states unilaterally withdrew from the agreements of that time without repercussion. Knowing that sovereign subjection to a collaborative monetary policy does not always serve the economic or political interest of each state equally, the adoption of the euro assures that withdrawal from the system by each member is more difficult, having already exchanged their currency for the currency within the group system.

The withdrawal from Bretton Woods in 1971 under United states President Nixon effectively removed the USD from the gold standard, leaving it as a wholly fiat and floating currency tied to nothing more than the faith and credit of the United States. This withdrawal from Bretton Woods was instigated by the rise in government spending, lack of available gold supply to sustain Bretton Woods compliant convertibility, unforeseen economic growth, and the resultant devaluation of the dollar. The gold standard was limiting economic growth simply due to a lack of supply of gold. This lack finite supply increases the price, resulting in an economic cap, whereas a floating fiat currency allows for unlimited growth for as long and as much as the world is willing to accept the faith and credit of the nation backing the currency, in this case the United States government.

Once the USD was removed from the gold standard there was a time of severe challenges to central bank monetary policy. The dollar initially took a steep decline as markets adjusted to the new fiat status of the currency and in response to this decline the Federal Reserve resorted to increasing the money supply, mistakenly following the Phillips curve theory which correlated an increased money supply with growth. This increased money supply, along with other misguided policies of the time, led to high inflation and other serious economic consequences. This was stopped when Paul Volcker became Chairman of the Federal Reserve, the Phillips curve policies were abandoned, and a focus on price stability was instituted. This among many other economic and political changes stabilized the USD throughout the 1980's.

The important facts of note with regard to the USD is that its current state as a floating fiat currency, having only been in existence for 40 years, is still being examined and studied as to its long term viability and impact on the economy of the United States and the world. It was only a few decades before that Bretton Woods was established to stabilize and tie the currency down having been significantly altered just a few decades before with the introduction of the Federal Reserve. Understanding the dynamic changes that can occur within a single generation is critical to understanding the currency itself as it stands now and as it will evolve into the future.

Other References
Wikipedia article on US Dollar

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