US Dollar (USD)
The US dollar is the most traded currency in the world and the main reserve currency held by central banks. It is used for most commodity invoicing, including oil, and for a large share of cross-border debt.
The latest available mid-market reference is 1 USD = 0.8999 EUR. The table below shows the same rate against the other major currencies.
Key facts
Structural details reviewed . Regimes and issuing arrangements can change.
The role of the US Dollar
The dollar is the main currency for oil and commodity invoicing, for a large share of global debt issuance and for the bulk of central bank reserves. Around half of cross-border payments are settled in dollars, which gives US interest rates a global reach.
A short history
The dollar became the anchor of the post-war Bretton Woods system in 1944. The fixed link to gold ended in 1971, but the currency kept its reserve role and remains the benchmark for most exchange rates.
What moves the US Dollar
Federal Reserve interest rate decisions, US Treasury yields and global risk appetite drive the dollar. Demand for safe assets tends to support it during market stress, while a narrowing rate advantage can weaken it.
Live USD exchange rate
| Currency | 1 USD equals |
|---|---|
| Euro (EUR) | 0.8999 |
| British Pound (GBP) | 0.7524 |
| Japanese Yen (JPY) | 159.51 |
| Chinese Yuan (CNY) | 6.6858 |
| Indian Rupee (INR) | 93.8516 |
| Canadian Dollar (CAD) | 1.4240 |
| Australian Dollar (AUD) | 1.4594 |
| Swiss Franc (CHF) | 0.8318 |
Mid-market rate updated . Banks and transfer providers add a margin. About our rates.
USD conversion pages
Guides for US Dollar
Other currency profiles
US Dollar questions
What is the US Dollar?
US Dollar (USD) is used in the following countries and territories: United States, Ecuador, El Salvador, Panama, Puerto Rico and several dollarised economies. Central bank: Federal Reserve System. Exchange rate regime: free float.
Which countries use the US Dollar?
The US Dollar is used in the following countries and territories: United States, Ecuador, El Salvador, Panama, Puerto Rico and several dollarised economies.
What affects the US Dollar exchange rate?
Federal Reserve interest rate decisions, US Treasury yields and global risk appetite drive the dollar. Demand for safe assets tends to support it during market stress, while a narrowing rate advantage can weaken it.