The United States Dollar (Sign: $, Abbreviated: USD) is the official currency of the United States. In addition, it’s also the currency of Zimbabwe, Palau, Marshall Islands, El Salvador, British Virgin Islands, Ecuador, and Federated States of Micronesia. The US dollar is the most important international currency rate because it is the most commonly used currency in international trade and it’s also the current world reserve currency.
The United States used the gold standard starting in 1900, as opposed to the bimetallic standard of gold and silver used by some other countries. In 1972 President Nixon forbade the ability to directly convert the USD to gold. In 1975 the dollar became a fiat currency depending on the price of gold and the conversion rate of other countries, and had no intrinsic value of its own.
Use our United States dollar (USD) currency converter to calculate exchange rates for other currencies such as the Japanese Yen (JPY), Euro (EUR), or the Pound Sterling (GBP). Simply enter amount in USD and select the currency you would like to convert to. Our conversion rates are updated daily, and will give you an extremely close estimate of the actual conversion amount. We recommend double checking the current rates before committing to any large financial transactions.