The United States is the largest country of North America. There are several popular tourist attractions, like the Grand Canyon, Mount Rushmore, Empire State Building, Trinity Church and others that make it one of the most visited countries in the world. Furthermore, it is a melting pot of civilisations.
If you are planning to travel to the United States, it is vital to know what currency is used in the USA: the US Dollar (US$).
United States Dollar is the official currency of the United States, represented by USD in the forex market and is known by the abbreviations US$.
Interestingly, the dollar sign wasn't accepted until 1785 and the $2 bill wasn't presented until 1776.
Mexican, American, and Spanish dollars were still considered legal tender in the USA until 1792 until the Coinage Act of 1857 came into effect. This ended the status of these foreign currencies as legal currency.
With the 1944 Bretton Woods Agreement, USD became a universally recognised currency. Today it is one of the most widely accepted and stable currencies worldwide.
The current denominations of USD that are printed are $1, $2, $5, $10, $20, $50, and $100, though.
The printing of higher denominations was banned in 1946. Again in 1969 President Nixon banned the circulation of notes higher than $100 due to their rising popularity with criminal organisations. The most common denominations used are $1, 5 cents, 10 cents, 25 cents, and 50 cents.
Although the US currency bills are primarily green, various other colours have been introduced after 2004.
The nations where the US dollar is accepted as legal tender are East Timor, Ecuador, Palau, El Salvador, the Marshall Islands, Micronesia and Zimbabwe.
Additionally, the US dollar is utilised as a currency in numerous nations. The US Dollar is still the most dominant and popular reserve currency globally.
These include the Caribbean Netherlands, the Bahamas, Barbados, St. Kitts and Nevis, Bermuda, Cayman Islands, Sint Maarten, the ABC Islands, the BES Islands, which comprise Bonaire, Sint Eustatius, and Saba.
The US dollar is also widely used in various parts of Belize, Panama, and Costa Rica.
Traditionally, you can buy USD at a bank or bureau de change, but doing so has several drawbacks, including:
Hidden fees
Higher exchange rates
The need to make physical visits to these institutions
Instead, you can choose an online currency exchange like The Currency Club that offers a wide range of advantages, like:
You do not have to visit it physically, as you can order travel money online and have it delivered safely at your home the very next day.
You get better exchange rates.
There are zero hidden charges.
You can also sell residual travel money after your trip in exchange for British Pounds.
The Statue of Liberty, Hollywood sign, Golden Gate Bridge, and other well-known landmarks are among those that make the United States famous.
The typical expenses of a tourist in the USA can be as follows:
Taxi: Taxi fares may vary as it depends on how frequently you are using the taxi service and where you are going during staying in the USA.
Meal for two: If you eat at a fast-food joint, the price per person can be between $5 and $10. On the other hand, if you choose to eat in a high-end restaurant, the cost will be around US$50 or more.
Hotel room: The United States offers several options when it comes to accommodations. Charges per person range from US$40-80 per night in hotels to US$300 or more per night in luxurious hotels.
There are many ATMs in the USA which you can find at shopping malls, train stations, petrol stations, supermarkets and many other such places. However, you might have to pay additional fees for withdrawing cash. So, make sure to buy USD before you land in the United States.
Summary
Travelling to the USA can be hassle-free if you are carrying USD from beforehand. You need not to worry about finding an ATM or paying extra fees each time you withdraw cash. Now that you know what currency is used in the United States, you can buy it from The Currency Club.
You can save time as well as get better exchange rates than other institutions!
We have made every effort to ensure that the information published here is correct and accurate, however you should check and confirm the latest exchange rates with The Currency Club directly prior to making a decision. The information published is general and does not consider your personal objectives, financial situation or particular needs. Full disclaimer available
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