This is a foreign exchange guide to the United States, the United States Dollar currency plus sending USD transfers and travel tips.
In this the United States currency guide we take a look at :
- United States Dollar info - general info about the United States Dollar
- United States Dollar in the markets - recent USD moves and predictions from the FX markets
- Travelling in the United States - currency & money saving tips
- Buying United States Dollar cash online - travel money for the United States
- Sending money to the United States - save on United States Dollar bank transfers to the United States
- United States Dollar exchange rates - latest & historic exchange rates.
- USD News - the latest United States Dollar related articles from our blog.
United States Dollar (USD) general currency information
What is the United States Dollar currency code and symbol?
The three letter currency code for the United States Dollar is USD and the symbol is U$.
Which countries use the United States Dollar?
Read our Guide to the US dollar currency.
United States Dollar (USD) in the markets
The US dollar held its value in 2019 despite a serious escalation in US-China trade tensions, mainly because the greenback is still considered a safer currency to own than most others.
At its October meeting the Federal Reserve cut the target range for the federal funds rate to 1.5-1.75 percent, the third rate cut so far this year, amid soft inflation indicators and general worries about the economy. However the central bank also signaled a pause in the easing cycle.
Taking the blame for the economic downturn is US President Donald Trump, whose trade war policies have set a ball rolling that could wipe $455bn from global output according to the IMF.
For more USD bank forecasts and cross-rate trends read the report USD trends and forecasts.
For more details read the full article United States Dollar Forecasts.
The interactive chart below shows the USD to EUR exchange rate and trend for the previous 3 months:
Travel, Currency and Money saving tips for the United States
America is the birthplace of LA, Las Vegas, Chicago, Miami, Boston and New York City – each a brimming metropolis whose name alone conjures a million different notions of culture, cuisine and entertainment.
This is a country of road trips and great open skies, where 4 million miles of highways lead past red-rock deserts, below towering mountain peaks and through fertile wheat fields that roll off toward the horizon. The sun-bleached hillsides of the Great Plains, the lush rainforests of the Pacific Northwest, the sultry swamplands of the South and the scenic country lanes of New England are a few fine starting points for the great American road trip.
How to travel in the USA?
When time is tight, book a flight. The domestic air system is extensive and reliable, with dozens of competing airlines, hundreds of airports and thousands of flights daily. Flying is usually more expensive than traveling by bus, train or car, but it's the way to go when you're in a hurry. Main 'hub' airports in the USA include all international gateways plus many other large cities. Most cities and towns have a local or county airport, but you usually have to travel via a hub airport to reach them.
International travelers who plan on doing a lot of flying might consider buying a North American air pass. Passes are normally available only to non–North American citizens, and they must be purchased in conjunction with an international ticket. Conditions and cost structures can be complicated, but all passes include a certain number of domestic flights (from as few as two to as many as 16, depending on airline network) that typically must be used within a 60-day period.
For maximum flexibility and convenience, and to explore rural America and its wide-open spaces, a car is essential. Although gas prices are high, you can often score fairly inexpensive rentals (NYC excluded), with rates as low as $20 per day.
Most cities and larger towns have dependable local bus systems, though they are often designed for commuters and provide limited service in the evening and on weekends. Getting around between cities via bus or train can often be a bit cheaper than getting a cheap flight, so its something to consider depending on your travel taste and how much time you want to save travelling. Middle-class Americans prefer to fly or drive, but buses let you see the countryside and meet folks along the way. As a rule, buses are reliable, cleanish and comfortable, with air-conditioning, barely reclining seats, lavatories and no smoking.
Compared with other modes of travel, trains are rarely the quickest, cheapest, timeliest or most convenient option, but they turn the journey into a relaxing, social and scenic all-American experience, especially on western routes, where double-decker Superliner trains boast spacious lounge cars with panoramic windows.
Travel tips for the USA.
Don't just stick to the cities, National Parks in the USA are some of the best things about the US. Stunning landscapes, Ranger guided tours and facilities and consistently excellent, while the information handed out for free is amazing. And you you don't need to be a hardcore hiker to explore rugged, remote parks. The policy of putting in drive-up viewpoints and easy, flat paths makes the parks remarkably easy to travel round, even if you've limited mobility.
Eating out is relatively cheap and you may find that one meal could easily feed two. When tipping for food 15%-20% of the cost of the meal is expected as it is considered part of a waiter's wage.
The USA has made tremendous contributions to the arts. Georgia O'Keeffe's wild landscapes, Robert Rauschenberg's surreal collages, Alexander Calder's elegant mobiles and Jackson Pollock's drip paintings have entered the vernacular of 20th-century art. Chicago and New York have become veritable drawing boards for the great architects of the modern era. And from the soulful blues born in the Mississippi Delta to the bluegrass of Appalachia and Detroit's Motown sound – plus jazz, funk, hip-hop, country, and rock and roll – America has invented sounds integral to modern music.
One of the best ways to see a good chunk of the states is to hit the road with your best mates or family. A road trip is like your own personal hop on hop off bus except you get to make the rules. Try a scenic drive on California’s Pacific Highway 1!
If you’re planning a trip on the East Coast during the winter months (December - February) just remember it can get very cold and chances are it will snow. The roads can be extremely icy and be very hazardous in winter.
Travel money for the United States
Save money and time by Ordering your United States Dollar online from Travelex, you get better rates and can pick up the USD cash locally or even on travel day at the airport.
Another popular option is to use a Pre-paid Travel Card. Your Debit/Credit Card provider will charge you 2% from market mid-rate, but your bank may also charge an extra 3% as an “Overseas Transaction Charge” plus “Overseas ATM” fees for withdrawing cash.
For card purchases if offered a choice of currencies always select to Pay in United States Dollar otherwise you may get much worst exchange rates.
the United States Trip Checklist
Sending money to the United States
When searching around for information on how to get a good exchange rate when sending money to the United States you need to start with finding out the latest United States Dollar foreign-transfer exchange rate.
Then compare your bank's exchange rates to several licensed FX providers exchange rate and fees to see how much you can save (we make that calculation easy here).
What prime property does $US1m buy in the United States?
Using New York, Los Angeles and Miami as examples to compare the area (㎡) of prime property that $US1million buys in the US (Q1 2018) the sizes are: New York 25㎡, Los Angeles 58㎡ and Miami 78㎡.
This is compared to equivalent areas for Hong Kong 22㎡, London 27㎡, Singapore 37㎡, Paris 45㎡, Shanghai 50㎡, Tokyo 70㎡, Berlin 74㎡, Mumbai 94㎡, Istanbul 110㎡, Dubai 138㎡ and San Paulo 172㎡.
Get a better deal for foreign transfers to the United States
When sending money to the United States it’s important to compare your bank’s rates & fees with those we have negotiated with our partner money transfer providers. To get a better deal you should follow these 4 simple steps :
- Open an account with a BER reviewed FX provider (id docs may be required)
- You specify the local or United States Dollar amount you want to transfer
- Make a local currency domestic transfer for the requested amount to the provider's bank account in your country
- Once your funds are received by the provider the converted USD amount will be transfered to the recipient account you specify in the United States.
Use our Send to USD calculator to compare the exchange rates of FX specialist providers rates versus your bank's standard rates you can hopefully save around 5% and maybe more - end result is more United States Dollar deposited into the recipient bank account and less margins and fees kept by the banks!