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US Dollar (USD) Exchange Rates on 26th January 2025 (26/01/2025)

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Exchange rates for US Dollar (USD)

					Updated: 2025-01-26
Convert from	Convert to	1 USD	Conversion	in currency	Conversion
USD	GBP	0.801	USD to GBP	1.2484	GBP to USD
USD	BGN	1.865	USD to BGN	0.5362	BGN to USD
USD	HRK	7.3796	USD to HRK	0.1355	HRK to USD
USD	CZK	23.9094	USD to CZK	0.0418	CZK to USD
USD	DKK	7.1109	USD to DKK	0.1406	DKK to USD
USD	EEK	0	USD to EEK	0	EEK to USD
USD	HUF	388.7902	USD to HUF	0.0026	HUF to USD
USD	KZT	516.9674	USD to KZT	0.0019	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	58.574	USD to MKD	0.0171	MKD to USD
USD	MDL	18.5655	USD to MDL	0.0539	MDL to USD
USD	NOK	11.1947	USD to NOK	0.0893	NOK to USD
USD	PLN	4.0147	USD to PLN	0.2491	PLN to USD
USD	RON	4.7406	USD to RON	0.2109	RON to USD
USD	RUB	97.806	USD to RUB	0.0102	RUB to USD
USD	SKK	0	USD to SKK	0	SKK to USD
USD	SEK	10.9244	USD to SEK	0.0915	SEK to USD
USD	CHF	0.9055	USD to CHF	1.1043	CHF to USD
USD	TRY	35.6315	USD to TRY	0.0281	TRY to USD
USD	UAH	41.8354	USD to UAH	0.0239	UAH to USD

					Updated: 2025-01-26
Convert from	Convert to	1 USD	Conversion	in currency	Conversion
USD	ARS	1045.0566	USD to ARS	0.001	ARS to USD
USD	BOB	6.8973	USD to BOB	0.145	BOB to USD
USD	BRL	5.9132	USD to BRL	0.1691	BRL to USD
USD	CAD	1.4488	USD to CAD	0.6902	CAD to USD
USD	KYD	0.8318	USD to KYD	1.2021	KYD to USD
USD	CLP	979.944	USD to CLP	0.001	CLP to USD
USD	COP	4222.6488	USD to COP	0.0002	COP to USD
USD	CRC	503.6408	USD to CRC	0.002	CRC to USD
USD	DOP	61.4725	USD to DOP	0.0163	DOP to USD
USD	SVC	8.7335	USD to SVC	0.1145	SVC to USD
USD	FJD	2.3047	USD to FJD	0.4339	FJD to USD
USD	HNL	25.4162	USD to HNL	0.0393	HNL to USD
USD	JMD	157.0228	USD to JMD	0.0064	JMD to USD
USD	MXN	20.2749	USD to MXN	0.0493	MXN to USD
USD	ANG	1.7989	USD to ANG	0.5559	ANG to USD
USD	PYG	7897.7699	USD to PYG	0.0001	PYG to USD
USD	PEN	3.7068	USD to PEN	0.2698	PEN to USD
USD	TTD	6.7879	USD to TTD	0.1473	TTD to USD
USD	USD	1	USD to USD	1	USD to USD
USD	UYU	43.3963	USD to UYU	0.023	UYU to USD
USD	VEF	3583881.1089	USD to VEF	0	VEF to USD

					Updated: 2025-01-26
Convert from	Convert to	1 USD	Conversion	in currency	Conversion
USD	AUD	1.5835	USD to AUD	0.6315	AUD to USD
USD	BDT	121.7269	USD to BDT	0.0082	BDT to USD
USD	BND	1.3457	USD to BND	0.7431	BND to USD
USD	CNY	7.2441	USD to CNY	0.138	CNY to USD
USD	INR	86.2105	USD to INR	0.0116	INR to USD
USD	IDR	16170.4213	USD to IDR	0.0001	IDR to USD
USD	JPY	155.9983	USD to JPY	0.0064	JPY to USD
USD	MYR	4.3775	USD to MYR	0.2284	MYR to USD
USD	MVR	15.4104	USD to MVR	0.0649	MVR to USD
USD	NPR	137.6804	USD to NPR	0.0073	NPR to USD
USD	NZD	1.7509	USD to NZD	0.5711	NZD to USD
USD	PKR	278.1826	USD to PKR	0.0036	PKR to USD
USD	PGK	4.0065	USD to PGK	0.2496	PGK to USD
USD	PHP	58.2504	USD to PHP	0.0172	PHP to USD
USD	SCR	14.3259	USD to SCR	0.0698	SCR to USD
USD	SGD	1.3461	USD to SGD	0.7429	SGD to USD
USD	KRW	1429.5323	USD to KRW	0.0007	KRW to USD
USD	LKR	297.7014	USD to LKR	0.0034	LKR to USD
USD	TWD	32.7483	USD to TWD	0.0305	TWD to USD
USD	THB	33.589	USD to THB	0.0298	THB to USD

					Updated: 2025-01-26
Convert from	Convert to	1 USD	Conversion	in currency	Conversion
USD	BHD	0.3766	USD to BHD	2.6556	BHD to USD
USD	EGP	50.2441	USD to EGP	0.0199	EGP to USD
USD	HKD	7.7877	USD to HKD	0.1284	HKD to USD
USD	ILS	3.5737	USD to ILS	0.2798	ILS to USD
USD	JOD	0.7095	USD to JOD	1.4094	JOD to USD
USD	KWD	0.3081	USD to KWD	3.246	KWD to USD
USD	LBP	89383.7228	USD to LBP	0	LBP to USD
USD	OMR	0.3846	USD to OMR	2.6001	OMR to USD
USD	QAR	3.639	USD to QAR	0.2748	QAR to USD
USD	SAR	3.7509	USD to SAR	0.2666	SAR to USD
USD	AED	3.673	USD to AED	0.2723	AED to USD
USD	YER	249.0492	USD to YER	0.004	YER to USD

					Updated: 2025-01-26
Convert from	Convert to	1 USD	Conversion	in currency	Conversion
USD	DZD	134.2153	USD to DZD	0.0075	DZD to USD
USD	KES	129.1133	USD to KES	0.0077	KES to USD
USD	MUR	46.3504	USD to MUR	0.0216	MUR to USD
USD	MAD	9.9677	USD to MAD	0.1003	MAD to USD
USD	NAD	18.3325	USD to NAD	0.0545	NAD to USD
USD	NIO	36.7332	USD to NIO	0.0272	NIO to USD
USD	NGN	1557.9962	USD to NGN	0.0006	NGN to USD
USD	SLL	20969.549	USD to SLL	0	SLL to USD
USD	ZAR	18.4082	USD to ZAR	0.0543	ZAR to USD
USD	TZS	2542.2878	USD to TZS	0.0004	TZS to USD
USD	TND	3.1767	USD to TND	0.3148	TND to USD
USD	UGX	3681.8786	USD to UGX	0.0003	UGX to USD
USD	XOF	624.3932	USD to XOF	0.0016	XOF to USD
USD	ZMK	9001.2167	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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