Why is the US dollar a recognised currency worldwide?

The US dollar (USD) is the most widely traded currency in the world. It’s often used in international transactions, business, and travel. Because of this, it’s considered a stable and recognised currency, making it easy to buy, spend, and sell USD almost anywhere.

Can I exchange leftover USD back into Australian dollars?

Yes. If you have extra American dollars after your USA adventure, you can visit a currency exchange store or online provider to sell foreign currency back into AUD. Some providers even allow you to do this through online services.

Is it better to use cash or a card in the USA?

Both options have benefits. Cash is useful for tips, taxis, or small purchases, while a money card can be safer for larger payments. Always check with your card issuer about fees and charges that may apply. Many travellers prefer to carry both for flexibility.

Is the US dollar strong?

Yes, the US dollar is considered one of the strongest and most stable currencies globally. Its value can fluctuate, but it is the world’s primary reserve currency and is often used as the benchmark in global trade and finance.

When was the US dollar created?

The US dollar was first authorised in 1792 with the passage of the Coinage Act. The first coins were minted soon after, and paper notes followed in the 1860s. It has since become the world’s most traded and widely held currency.

What countries use USD?

The US dollar is not only the official currency of the United States but also used in countries like Ecuador, El Salvador, Panama, and Zimbabwe. It is also widely accepted in territories such as Guam, Puerto Rico, and the US Virgin Islands, as well as unofficially in parts of the Caribbean and Asia.