» Welcome to Currency Converter Calculator

US Dollar (USD) Exchange Rates on 02nd June 2023 (02/06/2023)

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: 2023-06-02
Convert from	Convert to	1 USD	Conversion	in currency	Conversion
USD	GBP	0.7976	USD to GBP	1.2538	GBP to USD
USD	BGN	1.8168	USD to BGN	0.5504	BGN to USD
USD	HRK	6.9443	USD to HRK	0.144	HRK to USD
USD	CZK	21.9865	USD to CZK	0.0455	CZK to USD
USD	DKK	6.9166	USD to DKK	0.1446	DKK to USD
USD	EEK	0	USD to EEK	0	EEK to USD
USD	HUF	344.78	USD to HUF	0.0029	HUF to USD
USD	KZT	446.5441	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	57.2572	USD to MKD	0.0175	MKD to USD
USD	MDL	17.6645	USD to MDL	0.0566	MDL to USD
USD	NOK	11.0253	USD to NOK	0.0907	NOK to USD
USD	PLN	4.1916	USD to PLN	0.2386	PLN to USD
USD	RON	4.6119	USD to RON	0.2168	RON to USD
USD	RUB	80.7098	USD to RUB	0.0124	RUB to USD
USD	SKK	0	USD to SKK	0	SKK to USD
USD	SEK	10.7869	USD to SEK	0.0927	SEK to USD
USD	CHF	0.9044	USD to CHF	1.1057	CHF to USD
USD	TRY	20.9103	USD to TRY	0.0478	TRY to USD
USD	UAH	36.7505	USD to UAH	0.0272	UAH to USD

					Updated: 2023-06-02
Convert from	Convert to	1 USD	Conversion	in currency	Conversion
USD	ARS	240.1933	USD to ARS	0.0042	ARS to USD
USD	BOB	6.8762	USD to BOB	0.1454	BOB to USD
USD	BRL	5.0146	USD to BRL	0.1994	BRL to USD
USD	CAD	1.343	USD to CAD	0.7446	CAD to USD
USD	KYD	0.8292	USD to KYD	1.2059	KYD to USD
USD	CLP	804.699	USD to CLP	0.0012	CLP to USD
USD	COP	4391.0021	USD to COP	0.0002	COP to USD
USD	CRC	536.8033	USD to CRC	0.0019	CRC to USD
USD	DOP	54.3773	USD to DOP	0.0184	DOP to USD
USD	SVC	8.7068	USD to SVC	0.1149	SVC to USD
USD	FJD	2.2362	USD to FJD	0.4472	FJD to USD
USD	HNL	24.4633	USD to HNL	0.0409	HNL to USD
USD	JMD	153.8245	USD to JMD	0.0065	JMD to USD
USD	MXN	17.5351	USD to MXN	0.057	MXN to USD
USD	ANG	1.7933	USD to ANG	0.5576	ANG to USD
USD	PYG	7237.1727	USD to PYG	0.0001	PYG to USD
USD	PEN	3.6554	USD to PEN	0.2736	PEN to USD
USD	TTD	6.735	USD to TTD	0.1485	TTD to USD
USD	USD	1	USD to USD	1	USD to USD
USD	UYU	38.5618	USD to UYU	0.0259	UYU to USD
USD	VEF	2618224.4033	USD to VEF	0	VEF to USD

					Updated: 2023-06-02
Convert from	Convert to	1 USD	Conversion	in currency	Conversion
USD	AUD	1.5117	USD to AUD	0.6615	AUD to USD
USD	BDT	106.7463	USD to BDT	0.0094	BDT to USD
USD	BND	1.3448	USD to BND	0.7436	BND to USD
USD	CNY	7.0733	USD to CNY	0.1414	CNY to USD
USD	INR	82.3271	USD to INR	0.0121	INR to USD
USD	IDR	14857.9711	USD to IDR	0.0001	IDR to USD
USD	JPY	138.7362	USD to JPY	0.0072	JPY to USD
USD	MYR	4.591	USD to MYR	0.2178	MYR to USD
USD	MVR	15.3027	USD to MVR	0.0653	MVR to USD
USD	NPR	131.2406	USD to NPR	0.0076	NPR to USD
USD	NZD	1.6381	USD to NZD	0.6105	NZD to USD
USD	PKR	283.8896	USD to PKR	0.0035	PKR to USD
USD	PGK	3.5765	USD to PGK	0.2796	PGK to USD
USD	PHP	55.9115	USD to PHP	0.0179	PHP to USD
USD	SCR	13.2965	USD to SCR	0.0752	SCR to USD
USD	SGD	1.3447	USD to SGD	0.7436	SGD to USD
USD	KRW	1306.5766	USD to KRW	0.0008	KRW to USD
USD	LKR	293.5582	USD to LKR	0.0034	LKR to USD
USD	TWD	30.6468	USD to TWD	0.0326	TWD to USD
USD	THB	34.591	USD to THB	0.0289	THB to USD

					Updated: 2023-06-02
Convert from	Convert to	1 USD	Conversion	in currency	Conversion
USD	BHD	0.377	USD to BHD	2.6525	BHD to USD
USD	EGP	30.9024	USD to EGP	0.0324	EGP to USD
USD	HKD	7.8316	USD to HKD	0.1277	HKD to USD
USD	ILS	3.7451	USD to ILS	0.267	ILS to USD
USD	JOD	0.7093	USD to JOD	1.4098	JOD to USD
USD	KWD	0.3075	USD to KWD	3.2518	KWD to USD
USD	LBP	14936.0565	USD to LBP	0.0001	LBP to USD
USD	OMR	0.385	USD to OMR	2.5974	OMR to USD
USD	QAR	3.641	USD to QAR	0.2746	QAR to USD
USD	SAR	3.7501	USD to SAR	0.2667	SAR to USD
USD	AED	3.6731	USD to AED	0.2722	AED to USD
USD	YER	250.3501	USD to YER	0.004	YER to USD

					Updated: 2023-06-02
Convert from	Convert to	1 USD	Conversion	in currency	Conversion
USD	DZD	136.4953	USD to DZD	0.0073	DZD to USD
USD	KES	138.6502	USD to KES	0.0072	KES to USD
USD	MUR	46.0495	USD to MUR	0.0217	MUR to USD
USD	MAD	10.1236	USD to MAD	0.0988	MAD to USD
USD	NAD	19.7201	USD to NAD	0.0507	NAD to USD
USD	NIO	36.3968	USD to NIO	0.0275	NIO to USD
USD	NGN	461.2501	USD to NGN	0.0022	NGN to USD
USD	SLL	19749.96	USD to SLL	0.0001	SLL to USD
USD	ZAR	19.6017	USD to ZAR	0.051	ZAR to USD
USD	TZS	2364.9986	USD to TZS	0.0004	TZS to USD
USD	TND	3.0908	USD to TND	0.3235	TND to USD
USD	UGX	3732.6664	USD to UGX	0.0003	UGX to USD
USD	XOF	609.4838	USD to XOF	0.0016	XOF to USD
USD	ZMK	9001.1848	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