» Welcome to Currency Converter Calculator

US Dollar (USD) Exchange Rates on 08th December 2023 (08/12/2023)

Enter the amount you want to convert, select the second currency and hit 'Enter' or click outside the area.

Exchange rates for US Dollar (USD)

					Updated: 2023-12-08
Convert from	Convert to	1 USD	Conversion	in currency	Conversion
USD	GBP	0.7943	USD to GBP	1.259	GBP to USD
USD	BGN	1.8116	USD to BGN	0.552	BGN to USD
USD	HRK	7.0416	USD to HRK	0.142	HRK to USD
USD	CZK	22.5711	USD to CZK	0.0443	CZK to USD
USD	DKK	6.9141	USD to DKK	0.1446	DKK to USD
USD	EEK	0	USD to EEK	0	EEK to USD
USD	HUF	354.218	USD to HUF	0.0028	HUF to USD
USD	KZT	458.3839	USD to KZT	0.0022	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	57.0185	USD to MKD	0.0175	MKD to USD
USD	MDL	17.7228	USD to MDL	0.0564	MDL to USD
USD	NOK	10.8616	USD to NOK	0.0921	NOK to USD
USD	PLN	4.0196	USD to PLN	0.2488	PLN to USD
USD	RON	4.6081	USD to RON	0.217	RON to USD
USD	RUB	92.3334	USD to RUB	0.0108	RUB to USD
USD	SKK	0	USD to SKK	0	SKK to USD
USD	SEK	10.3878	USD to SEK	0.0963	SEK to USD
USD	CHF	0.8754	USD to CHF	1.1423	CHF to USD
USD	TRY	28.9584	USD to TRY	0.0345	TRY to USD
USD	UAH	36.6243	USD to UAH	0.0273	UAH to USD

					Updated: 2023-12-08
Convert from	Convert to	1 USD	Conversion	in currency	Conversion
USD	ARS	363.9165	USD to ARS	0.0027	ARS to USD
USD	BOB	6.8994	USD to BOB	0.1449	BOB to USD
USD	BRL	4.9116	USD to BRL	0.2036	BRL to USD
USD	CAD	1.3576	USD to CAD	0.7366	CAD to USD
USD	KYD	0.832	USD to KYD	1.2019	KYD to USD
USD	CLP	872.6611	USD to CLP	0.0011	CLP to USD
USD	COP	3999.4821	USD to COP	0.0003	COP to USD
USD	CRC	526.8962	USD to CRC	0.0019	CRC to USD
USD	DOP	56.8426	USD to DOP	0.0176	DOP to USD
USD	SVC	8.9352	USD to SVC	0.1119	SVC to USD
USD	FJD	2.2298	USD to FJD	0.4485	FJD to USD
USD	HNL	24.6262	USD to HNL	0.0406	HNL to USD
USD	JMD	155.4945	USD to JMD	0.0064	JMD to USD
USD	MXN	17.4818	USD to MXN	0.0572	MXN to USD
USD	ANG	1.7995	USD to ANG	0.5557	ANG to USD
USD	PYG	7357.4927	USD to PYG	0.0001	PYG to USD
USD	PEN	3.747	USD to PEN	0.2669	PEN to USD
USD	TTD	6.7808	USD to TTD	0.1475	TTD to USD
USD	USD	1	USD to USD	1	USD to USD
USD	UYU	39.1257	USD to UYU	0.0256	UYU to USD
USD	VEF	3553267.8781	USD to VEF	0	VEF to USD

					Updated: 2023-12-08
Convert from	Convert to	1 USD	Conversion	in currency	Conversion
USD	AUD	1.5114	USD to AUD	0.6617	AUD to USD
USD	BDT	109.8265	USD to BDT	0.0091	BDT to USD
USD	BND	1.3381	USD to BND	0.7473	BND to USD
USD	CNY	7.1191	USD to CNY	0.1405	CNY to USD
USD	INR	83.3706	USD to INR	0.012	INR to USD
USD	IDR	15499.9489	USD to IDR	0.0001	IDR to USD
USD	JPY	143.7997	USD to JPY	0.007	JPY to USD
USD	MYR	4.667	USD to MYR	0.2143	MYR to USD
USD	MVR	15.3701	USD to MVR	0.0651	MVR to USD
USD	NPR	133.1768	USD to NPR	0.0075	NPR to USD
USD	NZD	1.6212	USD to NZD	0.6168	NZD to USD
USD	PKR	283.5603	USD to PKR	0.0035	PKR to USD
USD	PGK	3.7228	USD to PGK	0.2686	PGK to USD
USD	PHP	55.3715	USD to PHP	0.0181	PHP to USD
USD	SCR	12.7312	USD to SCR	0.0785	SCR to USD
USD	SGD	1.3365	USD to SGD	0.7482	SGD to USD
USD	KRW	1306.3612	USD to KRW	0.0008	KRW to USD
USD	LKR	326.4215	USD to LKR	0.0031	LKR to USD
USD	TWD	31.313	USD to TWD	0.0319	TWD to USD
USD	THB	35.176	USD to THB	0.0284	THB to USD

					Updated: 2023-12-08
Convert from	Convert to	1 USD	Conversion	in currency	Conversion
USD	BHD	0.377	USD to BHD	2.6527	BHD to USD
USD	EGP	30.9077	USD to EGP	0.0324	EGP to USD
USD	HKD	7.8126	USD to HKD	0.128	HKD to USD
USD	ILS	3.698	USD to ILS	0.2704	ILS to USD
USD	JOD	0.7093	USD to JOD	1.4098	JOD to USD
USD	KWD	0.3082	USD to KWD	3.2443	KWD to USD
USD	LBP	15012.7234	USD to LBP	0.0001	LBP to USD
USD	OMR	0.385	USD to OMR	2.5972	OMR to USD
USD	QAR	3.641	USD to QAR	0.2747	QAR to USD
USD	SAR	3.7507	USD to SAR	0.2666	SAR to USD
USD	AED	3.6725	USD to AED	0.2723	AED to USD
USD	YER	250.3249	USD to YER	0.004	YER to USD

					Updated: 2023-12-08
Convert from	Convert to	1 USD	Conversion	in currency	Conversion
USD	DZD	134.4812	USD to DZD	0.0074	DZD to USD
USD	KES	153.3497	USD to KES	0.0065	KES to USD
USD	MUR	44.094	USD to MUR	0.0227	MUR to USD
USD	MAD	10.0985	USD to MAD	0.099	MAD to USD
USD	NAD	18.7499	USD to NAD	0.0533	NAD to USD
USD	NIO	36.5416	USD to NIO	0.0274	NIO to USD
USD	NGN	801.0009	USD to NGN	0.0012	NGN to USD
USD	SLL	19750.0244	USD to SLL	0.0001	SLL to USD
USD	ZAR	18.7593	USD to ZAR	0.0533	ZAR to USD
USD	TZS	2505.0002	USD to TZS	0.0004	TZS to USD
USD	TND	3.1235	USD to TND	0.3202	TND to USD
USD	UGX	3768.077	USD to UGX	0.0003	UGX to USD
USD	XOF	608.0664	USD to XOF	0.0016	XOF to USD
USD	ZMK	9001.1916	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

Have more info on the United States Dollar? Please contact us