Currency · USD · $

US dollar (USD)
exchange rate

The US dollar is the world's leading reserve currency and the most traded currency on the planet. Convert it at the real interbank rate, in real time, with a transparent margin from 0.40%.

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USDISO code · $
FedCentral bank
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The US dollar at a glance

The essentials on the US dollar (USD)

The key facts about the world's leading reserve currency, and how to convert it at the right rate.

ISO code USD, symbol $

The official currency of the United States of America and several territories, used well beyond its borders.

Managed by the Fed

The Federal Reserve conducts monetary policy with a dual mandate: employment and price stability.

World's #1 currency

The leading reserve currency and the most traded currency. The USD/CHF pair is closely followed in Switzerland.

Exchange from 0.40% at ibani

A sliding, transparent margin applied to the real rate, with no hidden fees.

Our experts' analysis

The dollar, the world's
benchmark currency.

The US dollar (USD) is the most traded currency in the world and the leading global reserve currency. The undisputed benchmark of international trade, it is used to price commodities such as oil and gold, and dominates global financial transactions.

For Swiss players, the USD/CHF pair is especially watched : both the dollar and the franc enjoy safe-haven status, and their interplay offers significant optimisation opportunities. Tracking this volatility is crucial for importing companies, international investors and cross-border workers with dollar commitments.

USD key facts
ISO codeUSD · $
Central bankFed
Area of useUnited States + international
Global rank#1 reserve currency
Monetary policy

The Fed's policy and the dollar

The United States Federal Reserve (Fed) is the institution at the heart of US monetary policy. Its "dual mandate" explicitly aims to maximise employment while maintaining price stability, in order to support the growth of the world's leading economy.

To set the pace of the US economy, the Fed uses several instruments :

Policy rates (Fed Funds)

The central lever for controlling inflation. Its sharp hikes in 2022-2023 to counter post-pandemic inflation drew capital towards US government bonds and supported the greenback.

Easing (QE) and tightening (QT)

Massive injections or withdrawals of liquidity that act on credit conditions and the money market, particularly during major crises.

Every FOMC (Federal Open Market Committee) meeting is scrutinised by markets worldwide. Its decisions steer the major dynamics of the foreign exchange market and are immediately reflected in the dollar's value.

History of the dollar

Key dates of the US dollar

1792

Official creation of the dollar

The Coinage Act makes the dollar the official currency of the United States, initially backed by a bimetallic system based on gold and silver.

1913

Birth of the Federal Reserve

The Fed is created to stabilise a banking system that had until then been weakened by chronic financial panics.

1944

Bretton Woods agreements

The dollar becomes the world's premier reserve currency, the only currency theoretically convertible into gold.

1971

End of the gold standard

The "Nixon shock" ends the dollar's convertibility into gold and establishes the current floating exchange rate system.

2008

Financial crisis and QE

Faced with the subprime crisis, the Fed deploys quantitative easing and injects trillions of dollars.

2022

Historic tightening

To curb post-crisis global inflation, the Fed embarks on its most aggressive rate-hike cycle in decades.

Today's rates

Our rates for the US dollar (USD)

Indicative value for 1 unit, ibani margin included. Click a pair for its detail and history.

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Frequently asked questions

Frequently asked questions about the US dollar (USD)

Always compare the rate offered with the real interbank (mid-market) rate. A specialised online exchange service like ibani starts from this real rate and only adds a transparent margin from 0.40%, with no hidden fees, whereas a bank often applies a much wider spread. Compare with our rate comparison tool.

The US dollar is managed by the United States Federal Reserve (Fed), which conducts monetary policy with a dual mandate: to maximise employment and maintain price stability. Its policy rate decisions directly influence the value of the dollar against other currencies.

The dollar's value depends mainly on the Fed's rate decisions, US inflation and employment data, and its status as a safe-haven asset sought in global crises. As the world's leading reserve currency, the USD also serves as a benchmark for international trade and the pricing of commodities such as oil.

You can convert the US dollar (USD) into the Swiss franc (CHF), the euro (EUR), the pound sterling (GBP), the Canadian dollar (CAD) and the Singapore dollar (SGD), as well as other currencies such as the Turkish lira, the Japanese yen, the Norwegian and Swedish krone, the New Zealand dollar and the Hong Kong dollar.

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