US Dollar (USD)

US Dollar (USD)

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About US Dollar (USD)

The official currency of the United States since 1792, the US Dollar is the most traded currency in the world. One US Dollar is made up of 100 cents and bears the ‘$’ or US$ symbol. Apart from the United States of America, the US Currency – US Dollar is used as a legal tender in many countries together with the country’s official currency.

Along with the Euro, the US Dollar amounts to approximately 90% of globally allocated reserves, of which the US dollar alone covers nearly 60% share. Did you know that the US Dollar is a part of 85% forex transactions worldwide and it has an index of its own called the USDX?

Some facts that you ought to know about the US currency:

  • The short name for the US Dollar is USD.
  • Just like us, foreign currencies too have nicknames. The nicknames for USD include Benjamins, bones, bread, buck, buckos, Dinero, Jeffersons, scratch, and smacker.
  • The most frequently used coins are 1¢, 5¢, 10¢, 25¢ and rarely used coins are 50¢ and $1.
  • The most commonly used banknotes include USD1, USD5, USD10, USD20, USD50, and USD100 and the USD2 is the only banknote that is least used.
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Why Thomas Cook for US Dollar

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Best Foreign
Exchange Rates
Genuine
Currency
Awarded as the Best Foreign Exchange Service provider

What People are Saying

I was scheduled to travel to the US and I was short on time to exchange my currency. My friend recommended that I buy foreign exchange from Thomas Cook because of two reasons; good rate and simple online process. I did not quite understand the online process when it was narrated to me, but when I visited the site, I was shocked to find out how easy it was. Just four steps, and I got the currency at my door step. Absolutely fantastic service.
Sheroy Daruwala
I was on a two-day business trip to Singapore and my trip got extended by another two days. I had a day off and Universal Studio has been on my list. Unfortunately, I had carried money keeping in mind a two-day affair. I contacted Thomas Cook and they helped e exchange my money at their office which was on the way towards Universal.
Carlson Fernandes
My son is studying in the UK and had planned a trip with his friends to visit around Scotland, Wales and Ireland during their Christmas Holidays. I had to make arrangements to transfer GBP. I always choose Thomas cook because it is reliable, and I get the best rates with excellent service.
Ashok Gupta

Quick Facts About US Dollar (USD)

Currency Name
United States Dollar
Short Name
USD
Nicknames:
Benjamins, Bones, Bread, Buck, Buckos, Cash, Dead Presidents, Dinero, Jeffersons, Scratch, Smacker
Symbol(s)
$ and US$
Unit
1/100, Cent
Frequently used coins
1¢, 5¢, 10¢, 25¢
Rarely used coins
50¢, $1
Frequently used bank notes
USD1, USD5, USD10, USD20, USD50, USD100
Rarely used bank notes
USD2
Central Bank, Name & Website
Federal Reserve System | www.federalreserve.gov
Nations that unofficially use the US Dollar as a part of their legal tender:
Afghanistan, Bahamas, Cambodia, East Timor, Lebanon, Maldives, Vietnam, Marshall Islands, Zimbabwe
The US Dollar Currency

Courtesy its worldwide acceptance, there are some countries, which use the USD as an official currency for transactions diverging from their local currency. Furthermore, there are some US dollar countries that use the currency as an informal substitute for carrying out transactions simultaneously maintaining their official local currency. Another reason that makes the USD such a prime factor for many countries across the globe is that they consider its value as a benchmark to peg their own currency value.

Here’s a list of nations that use the US Dollar as a part of their legal tender:

  • Afghanistan
  • Bahamas
  • Cambodia
  • East Timor
  • Lebanon
  • Maldives
  • Zimbabwe


How to buy forex online?
To find the latest US Dollar rate or other exchange rates, simply visit the Thomas Cook website now. Thomas Cook offers the best forex rates in the country along with customized tour packages.
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Frequently Asked Questions

Would forex card be convenient to use in the US?
Forex card among other modes I a very secure and safe mode to travel with to take care of your transactions while you are travelling in the US. In case you are interested to purchase a forex card for your trip to US, please do not hesitate to check out the online feature on our website to do so or you may even contact one of our experts for a detailed advice.
How much money can I carry in and out USA?
You can carry up to USD1,00,000, or equivalent foreign currency, in and out USA. However, in case the amount you are carrying exceeds the given limit then you will be required to declare the same.
I want to sell USD. Can I do that online?
Yes, you can sell USD online by just filling up a simple form, and we will assist you throughout the process.
How can I book USD via Thomas Cook? Can I book it online?
Yes, you can certainly book forex online by filling up a simple form on our website. It is a very convenient process and by the end of the transaction, you will receive it at your doorstep.
Which is the highest denomination as far as US Dollar is concerned?
The largest denomination that was ever issued was the USD10,000 note which was later discontinued as a result of the lack of use.
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