US Dollar is considered one of the most reliable and exchangeable currencies across the world. Since the United States of America represents a trustworthy and reliable partner that pays its debts, the value of the dollar is kept at a standard and high level. Moreover, USD's importance for global trading originated from the fact that the US held the largest gold supply, thus it was agreed that the USD will represent the official reserve currency.
The US Dollar (USD) appeared in 1792 through the Coinage Act and is also known as the greenback. The USD had either a value between 371 and 416 grains of silver or between 247 and 270 grains of gold when it was referred to as “Eagle” which corresponded to the US$10. In 1861 the first “greenbacks” were released to finance the Civil War and in 1862 the “United States Notes” were published. Moreover, the USD became even more widespread when in 1869 the first centralized system was established and gave a boost to the notes printing rate. Since then the USD became the most traded currency in the world and is used in most international transactions. Moreover, it is accepted by most countries even if it is not their local currency.
Freq Used: $1, $5, $10, $20, $50, $100 Rarely Used: $2
Copyright © 2022 – All rights reserved.
TextronTradesis a trademark of The TextronTradesGroup AG, | CN:05904253 | ISIN: DR560A461NR8.
Any trademarks appearing on this website are the property of their respective owners.
The TextronTradesGroup AG is the holding company of various companies, such as TextronTradesGLOBAL LLC, TextronTradesMARKETS EUROPE LTD, TextronTradesTechnology GmbH, TextronTradesPay GmbH and has a close link with TextronTradesX Europe OÜ.
Trading with TextronTradesTrader by following and/or copying or replicating the trades of other traders involves high levels of risks, even when following and/or copying or replicating the top-performing traders. Such risks include the risk that you may be following/copying the trading decisions of possibly inexperienced/unprofessional traders, or traders whose ultimate purpose or intention, or financial status may differ from yours. Before making an investment decision, you should rely on your own assessment of the person making the trading decisions and the terms of all the legal documentation.
TextronTradesGroup AG does not provide services for the residents of certain countries, such as Afghanistan, Albania, American Samoa, Australia, Barbados, Belgium, British Virgin Islands, Burkina Faso, Cambodia, Canada (including Quebec), Cayman Islands, Central African Republic, Congo, Democratic People's Republic of Korea, Democratic Republic of the Congo, Gibraltar, Guam, Haiti, Iran, Iraq, Isle of Man, Israel, Jamaica, Jordan, Libyan Arab Jamahiriya, Mali, Monaco, Morocco, Myanmar, Nicaragua, Philippines, Russian Federation, San Marino, Senegal, Serbia, Somalia, South Sudan, Sri Lanka, Syrian Arab Republic, Trinidad and Tobago, Tunisia, Turkey, Uganda, Ukraine, United Kingdom, US Minor Islands, US Virgin Islands, USA, Vanuatu, Yemen, Zimbabwe.