Buy, Sell or Transfer US Dollar (USD) in India at the best exchange rates
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:
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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:
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.