INR | Indian Rupee | Convert | 1 USD = 83.0257 INR |
MYR | Malaysian Ringgit | Convert | 1 USD = 4.737 MYR |
SGD | Singapore Dollar | Convert | 1 USD = 1.34245 SGD |
JPY | Japanese Yen | Convert | 1 USD = 150.535 JPY |
BDT | Bangladeshi Taka | Convert | 1 USD = 111.198579 BDT |
CNY | Chinese Yuan | Convert | 1 USD = 7.19865216 CNY |
HKD | Hong Kong Dollar | Convert | 1 USD = 7.82049318 HKD |
IDR | Indonesian Rupiah | Convert | 1 USD = 15714.5045 IDR |
KHR | Cambodian Riel | Convert | 1 USD = 4048.35051 KHR |
KRW | South Korean Won | Convert | 1 USD = 1338.96461 KRW |
LAK | Lao Kip | Convert | 1 USD = 20887.7659 LAK |
LKR | Sri Lankan Rupee | Convert | 1 USD = 306.310452 LKR |
MVR | Maldivian Rufiyaa | Convert | 1 USD = 15.4663253 MVR |
NPR | Nepalese Rupee | Convert | 1 USD = 132.643134 NPR |
PHP | Philippine Peso | Convert | 1 USD = 55.7972124 PHP |
PKR | Pakistani Rupee | Convert | 1 USD = 282.329735 PKR |
THB | Thai Baht | Convert | 1 USD = 36.0238933 THB |
TWD | Taiwanese Dollar | Convert | 1 USD = 31.7659672 TWD |
VND | Vietnamese Dong | Convert | 1 USD = 24722.0094 VND |
EUR | Euro | Convert | 1 USD = 0.92195 EUR |
GBP | British Pound Sterling | Convert | 1 USD = 0.788426 GBP |
CHF | Swiss Franc | Convert | 1 USD = 0.88885 CHF |
BAM | Bosnia and Herzegovina convertible mark | Convert | 1 USD = 1.79507222 BAM |
BGN | Bulgarian Lev | Convert | 1 USD = 1.79553708 BGN |
CZK | Czech Koruna | Convert | 1 USD = 23.1332089 CZK |
DKK | Danish Krone | Convert | 1 USD = 6.84602761 DKK |
HRK | Croatian Kuna | Convert | 1 USD = 7.02062 HRK |
HUF | Hungarian Forint | Convert | 1 USD = 362.550985 HUF |
ISK | Icelandic Krona | Convert | 1 USD = 136.694747 ISK |
MDL | Moldovan Leu | Convert | 1 USD = 17.6651680 MDL |
MKD | Macedonian Denar | Convert | 1 USD = 56.4007181 MKD |
NOK | Norwegian Krone | Convert | 1 USD = 10.6200605 NOK |
PLN | Polish Zloty | Convert | 1 USD = 3.95786536 PLN |
RON | Romanian Leu | Convert | 1 USD = 4.56418967 RON |
RSD | Serbian Dinar | Convert | 1 USD = 109.214440 RSD |
RUB | Russian Rouble | Convert | 1 USD = 91.8850774 RUB |
SEK | Swedish Krona | Convert | 1 USD = 10.4012860 SEK |
TRY | Turkish Lira | Convert | 1 USD = 32.3086247 TRY |
UAH | Ukraine Hryvnia | Convert | 1 USD = 38.9809911 UAH |
AED | United Arab Emirates Dirham | Convert | 1 USD = 3.67255 AED |
SAR | Saudi Riyal | Convert | 1 USD = 3.75035 SAR |
OMR | Omani Rial | Convert | 1 USD = 0.385 OMR |
BHD | Bahraini Dinar | Convert | 1 USD = 0.37695 BHD |
KWD | Kuwaiti Dinar | Convert | 1 USD = 0.307545 KWD |
QAR | Qatari Riyal | Convert | 1 USD = 3.647 QAR |
ILS | Israeli Sheqel | Convert | 1 USD = 3.65029852 ILS |
IRR | Iranian Rial | Convert | 1 USD = 43021.4254 IRR |
JOD | Jordanian Dinar | Convert | 1 USD = 0.70891827 JOD |
LBP | Lebanese Pound | Convert | 1 USD = 91274.9999 LBP |
SYP | Syrian Pound | Convert | 1 USD = 13002.9801 SYP |
CAD | Canadian Dollar | Convert | 1 USD = 1.35715 CAD |
BMD | Bermudian Dollar | Convert | 1 USD = 1 BMD |
AWG | Aruban Florin | Convert | 1 USD = 1.81071609 AWG |
BBD | Barbadian Dollar | Convert | 1 USD = 2.01990638 BBD |
BSD | Bahamian Dollar | Convert | 1 USD = 1 BSD |
DOP | Dominican Peso | Convert | 1 USD = 59.7918851 DOP |
GTQ | Guatemalan Quetzal | Convert | 1 USD = 7.81161726 GTQ |
JMD | Jamaican Dollar | Convert | 1 USD = 155.213438 JMD |
MXN | Mexican Peso | Convert | 1 USD = 16.7577388 MXN |
PAB | Panamanian Balboa | Convert | 1 USD = 1 PAB |
XCD | East Caribbean Dollar | Convert | 1 USD = 2.70970190 XCD |
AUD | Australian Dollar | Convert | 1 USD = 1.53574 AUD |
FJD | Fijian Dollar | Convert | 1 USD = 2.23208094 FJD |
NZD | New Zealand Dollar | Convert | 1 USD = 1.64956348 NZD |
XPF | CFP Franc | Convert | 1 USD = 109.253540 XPF |
ARS | Argentine Peso | Convert | 1 USD = 852.173913 ARS |
BOB | Bolivian Boliviano | Convert | 1 USD = 6.85999999 BOB |
BRL | Brazilian Real | Convert | 1 USD = 5.00557137 BRL |
CLP | Chilean Peso | Convert | 1 USD = 942.656793 CLP |
COP | Colombian Peso | Convert | 1 USD = 3897.72727 COP |
PEN | Peruvian Sol | Convert | 1 USD = 3.69573163 PEN |
PYG | Paraguayan Guaraní | Convert | 1 USD = 7297.87234 PYG |
TTD | Trinidad and Tobago Dollar | Convert | 1 USD = 6.79512026 TTD |
UYU | Uruguayan Peso | Convert | 1 USD = 38.4292196 UYU |
VES | Venezuelan Bolívar | Convert | 1 USD = 36.2420707 VES |
ZAR | South African Rand | Convert | 1 USD = 18.9928 ZAR |
BWP | Botswana Pula | Convert | 1 USD = 13.5925925 BWP |
EGP | Egyptian Pound | Convert | 1 USD = 47.1733217 EGP |
GHS | Ghana Cedi | Convert | 1 USD = 12.9046993 GHS |
GMD | Gambian Dalasi | Convert | 1 USD = 67.9394463 GMD |
KES | Kenyan Shilling | Convert | 1 USD = 137.554294 KES |
MAD | Moroccan Dirham | Convert | 1 USD = 10.3339254 MAD |
MGA | Malagasy Ariary | Convert | 1 USD = 4503.32568 MGA |
MUR | Mauritian Rupee | Convert | 1 USD = 45.7680652 MUR |
NAD | Namibian Dollar | Convert | 1 USD = 18.6906235 NAD |
NGN | Nigerian Naira | Convert | 1 USD = 1572.507 NGN |
SCR | Seychellois Rupee | Convert | 1 USD = 13.5691085 SCR |
TND | Tunisian Dinar | Convert | 1 USD = 3.18730486 TND |
UGX | Ugandan Shilling | Convert | 1 USD = 3907.36318 UGX |
XAF | Central African Franc | Convert | 1 USD = 602.237421 XAF |
XOF | West African Franc | Convert | 1 USD = 602.237421 XOF |
The United States of America uses the U.S. dollar as its currency. It is abbreviated as US$ or USD. It is also known as the American dollar. The Coinage Act of 1792 introduced the U.S. dollar at par with the Spanish silver dollar and divided it into 100 cents. The U.S. banknotes are issued in the form of Federal Reserve Notes. It is also known as greenbacks due to its green colour.
The central bank of the U.S. is known as Federal Reserve.
The U.S. dollar emerged as an important international reserve currency in the 1920s. It replaced the British pound sterling as it emerged from the First World War relatively unaffected and hence America was a significant recipient of wartime gold inflows. To date, the U.S. dollar continues to be the world’s foremost reserve currency for international trade.
The U.S. currency has become the global currency. In the international markets, both the U.S. dollar and Euro are popular and are accepted in most nations. The U.S. dollar’s share of foreign currencies in the global banks is over 64 per cent. In the case of the Euro, it is about 20 per cent. Generally, the U.S. Dollar reflects the strength of the United States of America.
About 85 per cent of the international trade including oil happens in terms of the U.S. dollar. Around 40 per cent of loans across the globe are sanctioned in dollars. India imports heavily from America than what it exports there. The dollars we receive from America are less than what we end up paying them for procuring their goods. India will need to buy more dollars from banks that represent a small unit in the extensive foreign exchange market.
A fall in the U.S. dollar value corresponds to the price of inflation, which is a rise in the general level of the prices of goods and services in an economy over a period of time.
A Consumer Price Index (CPI) is a measure which estimates the average price of consumer goods and services purchased by households. The U.S. CPI will be published by the Bureau of Labor Statistics. The CPI reflects inflation as experienced by consumers in their day-to-day living expenses.
If an individual is a frequent flyer, then you will be aware that exchanging the Indian rupee for a dollar can be costly at the airport. One may end up an extra 12% in the form of margins for getting currency conversion at airports. The best alternative is to choose BookMyForex to convert rupees to dollar as one has to pay 0.8% - 1.5% on forex conversion.
Disclaimer: The currency rates are sourced from reliable sources. There maybe variance in rates and prices. GoodReturns.in has made every effort to ensure accuracy of information provided; however, Greynium Information Technologies Pvt Ltd, its subsidiaries and associates do not guarantee such accuracy. The rates are for informational purposes only. It is not a solicitation to buy, sell or act based on the rates given. Greynium Information Technologies Pvt Ltd, its subsidiaries, associates do not accept culpability for losses and/or damages arising based on currency rates provided.