Official exchange rates for USD are published by the Federal Reserve System (FED), which is the central banking system of the United States of America (USA). Updated on every Monday, the report includes 23 currencies for the working days of the last past week from the current date, therefore effectively leaving exchange rates outdated for as long as a week, which is far from our aim to provide daily exchange rates.
For this reason, and despite its important role in the world’s economy, the FED it is not included with foxer currency calculator, although we are evaluating the convenience of developing this plugin and so to bring our users direct access to official exchange rates for the USD.
The United States of America (USA) is the world’s largest economy by nominal GDP, followed by a European Union and a constantly growing China. The USA has a highly diversified, world-leading industrial sector. It is also a high-technology innovator with the second largest industrial output in the world. The U.S. dollar is the currency most used in international transactions and is the world’s foremost reserve currency, backed by its science and technology, its military, and its central role in a range of international institutions and the petrodollar system.
Several countries use it as their official currency, and it is the de facto currency in many others. Its largest trading partners are China, Canada, Mexico, Japan, Germany, South Korea, United Kingdom, France, India, and Taiwan.