One of the most common abbreviations in the currency markets - is USD.What kind of currency is hiding under this combination of letters, easy to guess, since the reduction is found in every city, in every exchange office.USD per decrypted form sounds like the United States dollar, the dollar or the United States.
national currency
American dollar is indicated by a "$".His bank corresponds to the ISO code abbreviation USD.The US currency is used in more than 18 countries, including Ecuador and Bonaire, the old British Virgin Islands and the territory, East Timor, El Salvador and Panama and Saba, Zimbabwe and the United States, other.It corresponds to 100 cents.
Currency is an international settlement currency.This is determined by demand for the dollar in the contracts between the two countries related to the import and export of goods or services.One of the major currencies in the world, where the majority of contracts denominated in key economic markets, including in the energy sector, and is the USD.The dollar is widely used in the implementation of foreign exchange transactions in the foreign exchange market and is an indispensable tool at the conclusion of the trade and foreign exchange operations, investments.With the help of the currency, many investors carry out insurance against risks in international markets.The volume of transactions on the exchange rates on a daily basis to the index reaches several trillion dollars.Rate USD determines the cost of most of the currencies in the world, since it is included in the bi-currency basket international, and his percentage in it against other currencies is the largest.
Usage statistics of the US dollar in the exchange operations according to BIS
According to the Bank for International Settlements (BIS), namely on the dollar accounted for the largest volume of exchange transactions in the world.In 2011, its share decreased slightly and amounted to only 84.9% out of 200% against the previous 85.6%.The second highest number of exchange transactions divided euro and the yen.Reducing the number of exchange transactions involving the US dollar, seen in times of global crisis on the order of 2-3%.Today we can see the opposite effect.The index reached almost 100%, as the economy gets stronger America every day.Compared to other countries in the world today who are experiencing temporary difficulties, the United States plays a dominant role in shaping the global economy.
history of the US dollar
dollar gained the status of the national currency of America after the state gained independence.From that moment began the official story USD.What kind of currency so quickly managed to become the world, try to understand.The first of its analogue - a silver coin, which was gradually replaced by paper money bills and a greenish-gray color.Despite the fact that the dollar has been approved in 1875, until 1861 in America has not been a unified monetary system.It was the first time in 1861, a decree was issued and printed about 60 million dollars, which at the time was considered an incredibly large sum.
world currencies
In accordance with the Bretton Woods agreement in 1994 as the world's reserve currency, it was granted US USD.What kind of currency is the dollar, it is clear from his status.Currency used in almost all countries of the world to create a financial "safety cushion", which in times of crisis the state is able to support the economy at a high level.America after receiving a monetary unit reserve status had the opportunity to cover the lack of balance of payments position of the dollar and strengthen domestic companies in the global market.One of the currencies in the world, who have the title of the most liquid commodities in the world, - USD.What kind of currency is and what impact it has on the global economy, we can only imagine.At the moment, the dollar is growing, and today one of the US currency will have to pay about 70 rubles.
