US Dollar (USD) Live Exchange Rate & Remittance Guide
USD · $ · Federal Reserve
Reference currency
Most international rates are quoted against the USD.
About the US Dollar
The US Dollar became the world's primary reserve currency following the Bretton Woods Agreement of 1944, replacing gold as the anchor of the global financial system. Its dominance was cemented after the collapse of the gold standard in 1971 when President Nixon ended dollar convertibility to gold.
Why USD matters for remittance
The USD is the most used currency for international remittances. Over $150 billion is sent from the US annually, with major corridors to India, Mexico, China, Philippines, and Vietnam.
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Live rates fetched from Wise's public comparison API. For currency conversion mid-rates we display Wise's quoted rate, which has zero markup. Methodology.