This is the latest exchange rate for the US Dollar today which is the official currency of United States. The currency is the United States Dollar with symbol code: USD.
The USD exchange rate is affected by economic conditions within United States. Things such as interest rate changes, GDP and unemployment can affect the US Dollar currency. Economic policies in United States are set by the Federal Reserve at regular meetings throughout the year.
|1 US Dollar =||1.31 CAD|
|1 US Dollar =||0.81 EUR|
|1 US Dollar =||0.71 GBP|
|1 US Dollar =||0.95 CHF|
|1 US Dollar =||1.30 AUD|
|1 US Dollar =||106.41 JPY|
This table displays other common conversions of the US Dollar in British Pounds.
|100 United States Dollar||71.32|
|500 United States Dollar||356.59|
|1000 United States Dollar||713.18|
About The US Dollar
The history of the US dollar and it’s exchange rates begins in the early 1790’s during the onset of the country’s formation when George Washington as president was confronted with a plethora of monetary issues. To begin to address the monetary issues at hand,congress under the guidance of the secretary of treasury at the time; Alexander Hamilton, passed The Coinage Act of 1792 which established the dollar as the primary form of currency in the US. The value of the dollar was based upon the concept that it is representative and backed by a set equivalent amount of gold also known as the gold standard. The ratio that determines how much gold is equivalent to the determined amount upon paper bills was established during the dollar’s creation and has been subject to variation throughout its history.
Aside from domestic, the US dollar has had a global history which is can be seen initially at the end of World War II with the Bretton Woods Agreement. This agreement led to the creation of the International Monetary Fund which is responsible for setting the US dollar as the primary global currency.
Overall, the US dollar exchange rate has had a history just about as rocky as the country itself, but it still prevails as a solidified currency that is accepted in nations all around the world.
Historical US Dollar Exchange Rate Chart