U.S. Dollar


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U.S. Dollar

The currency of the United States. First issued in 1792, it is the currency used most often in international transactions. After World War II, most world currencies were pegged to the dollar, which was pegged to gold. In 1971, the dollar became a fiat currency. Nevertheless, many currencies are still pegged to the dollar, and it is one of the most important reserve currencies in the world.
References in periodicals archive ?
Hsiao Tzu-ang, president of SinoPac Financial Holding, explained that carry trade in the global market usually refers to the borrowing of low-interest Japanese yen for re-depositing in higher-interest currency assets, such as Australian dollar, U.
In the fiscal year of2010, Microsoft's revenue is 62 billion U.
pulp and paper industry, which struggled with a high U.
The pegging of the Chinese currency, the yuan, to a fixed rate of exchange with the U.
The foreign exchange markets, however, have not priced into the exchange rates these consensus forecasts for a simple reason: there is widespread disagreement about the future course of inflation/deflation rates in the U.
Forced liquidation value (auction) is a professional opinion of the estimated most probable price expressed in terms of cash in U.
purchases a ski chalet in Switzerland for 300,000 Swiss francs (SF) when the exchange rate is 2 SF for every U.
Two factors affect how much money you make abroad: how well foreign markets perform and how well the U.
But if appreciation of the Japanese yen were to lead to increases in Japanese imports and reductions in its exports, then Japan might be expected to have an enormous trade deficit, given that the exchange rate was 360 yen to the U.
The increased demand for payment services is explained partly by the extensive reliance throughout the world on the U.
The Manila-based lender said Sri Lanka will get a dual-tranche loan amounting to 300 million U.
Exports from the northwestern province of Bursa became 9 billion U.

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