USD Exchange rates

Federal Reserve of the USA

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usd exchange ratesThe official exchange rates for the US Dollar (USD) are published by the Federal Reserve System (FED), 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23 currencies for the working days of the past week from the current date, therefore effectively leaving exchange rates outdated for as long as a week, which is far from our aim to provide daily exchange rates.

Despite this important delay on the FED publication, and due to its important role in the world’s economy, the FED plugin will be soon included with foxer currency calculator on upcoming releases, and so provide our users with direct access to the official US exchange rates.

Economic relevance

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.

Currencies pegged to USD

Due to its economic relevance, many countries have adopted USD as a fixed value of reference for their nation’s currency.

IsoCode Currency Name Symbol Ratio
AED Dirham (United Arab Emirates) Dh 0.367
BHD Dinar (Bahrain) BD 0.376
CUC Colon (Costa Rica) $ 1
DJF Franc (Djibouti) DF 177.721
ECS Sucre (Ecuador) Sucre 25000
ERN Nakfa (Eritrea) Nfk 15
JOD Dinar (Jordan) JD 0.709
KYD Dollar (Cayman Islands) $ 1.2
LBP Pound (Lebanon) 1507.5
OMR Rial (Oman) RO 0.3845
PAB Balboa (Panama) B 1
QAR Riyal (Qatar) QR 3.64
SAR Riyal (Saudi Arabia) SR 3.75
SVC Colon (El Salvador) Colon 8.75
VEF Bolivar (Venezuela) Bs.F 4.3
XCD Dollar (East Caribbean Dollar) EC$ 2.7

In the White Papers section you will find a complete list of the world’s pegged currencies.

Available links

Summary table

CodeFED
Base currencyUSD
Currencies23
UpdatedWeekly
PublicationEvery Monday

Facts and figures

  • GDP Ranking#: 1st
  • GDP: 20,937 ( USD Billion )
  • Population: 332M
  • GDP per capita: $53,749
Sources: Dec/2020
tradingeconomics.com & wikipedia

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