Countries that use the US dollar

The American dollar was introduced as the official currency of the United States in 1785 and is used as official currency in 17 countries. In addition, there are numerous countries where the U.S. dollar is readily accepted even in regular retail transactions. Internationally, it has established itself as a reserve currency and is the most traded currency in the world.USD840

Exchange rate history 1 USD in EUR

The graph shown here shows the exchange rate development from January 2017 to April 2023. The exchange rate for 1 USD moved during this time from EUR 0.93 to EUR 0.91. In these 75 months it fell by 2.4 percent.

Divisions and denominations

1 U.S. dollar is equivalent to 4 quarters, 10 dimes, 20 nickels, 100 cents or even 1,000 mill. The $1 piece is also colloquially known as a “buck,” and the $10 bill as an eagle. While these terms are quite common within the U.S., the terms of the dime, nickel and eagle have never been officially established. Calling the dollar a “greenback” dates back to the time of the first bills around 1861, when it was given the distinctive green color.

The largest existing bill bears the portrait of Woodrow Wilson and has a value of 100,000 USD. Even though it is still legal tender today, it was never in circulation, but was merely exchanged between central banks starting in 1934. The largest banknote still printed today is the $100 bill. All bills with higher denominations were withdrawn by the Federal Reserve Bank in 1945.

Average dollar rate

Uniform reference rates (average dollar exchange rate per year) are determined and published by the European Central Bank for each calendar year. These annual average rates subsequently form a uniform basis for converting the U.S. dollar into euros for numerous indicators.

The reference rate for the year 2023 has not yet been determined. Since the beginning of the year, it would be around 1.0779 USD.

YearReference rate for 1 Euro =20101.3257 USD20111.3920 USD20121.2848 USD20131.3281 USD20141.3285 USD20151.1095 USD20161.1069 USD20171.1297 USD20181.1810 USD20191.1195 USD20201.1422 USD20211.1827 USD20221.0530 USD2023 (expected)1.0779 USD

Sources

All conversion rates are based on data from the
Data on currency and gold reserves are from the

1 U.S. dollar is equivalent to 4 quarters, 10 dimes, 20 nickels, 100 cents or even 1,000 mill. The $1 piece is also colloquially known as a “buck,” and the $10 bill as an eagle. While these terms are quite common within the U.S., the terms of the dime, nickel and eagle have never been officially established. Calling the dollar a “greenback” dates back to the time of the first bills around 1861, when it was given the distinctive green color.The largest existing bill bears the portrait of Woodrow Wilson and has a value of 100,000 USD. Even though it is still legal tender today, it was never in circulation, but was merely exchanged between central banks starting in 1934. The largest banknote still printed today is the $100 bill. All bills with higher denominations were withdrawn by the Federal Reserve Bank in 1945.All conversion rates are based on data from the European Central Bank Data on currency and gold reserves are from the International Monetary Fund