The US dollar (often represented by the dollar sign $) is the official currency of the United States of America and is the world’s largest traded currency.
The US Dollar was created by the American Constitution and defined by the Coinage Act of 1792. Also known as “buck” in informal term, it is a familiar word dating back to the 18th Century for dollars of various nations, including the U.S. dollar. “buck” is believed to have originated from the colonial fur trade. "Greenback" is another nickname for the US dollar which related specifically to the 19th century Demand Note dollars created by Abraham Lincoln to finance the costs of the Civil War.
Did you know that the early currency of the USA did not exhibit faces of presidents, unlike now? The main reason for this was that George Washington believed that by having his face on the currency, the currency would resemble the European banknotes where monarchs heads were displayed on their local banknotes. US Dollar bank notes continue to be made from cotton fibre paper and U.S dollar coins are produced by the United States Mint.
After World War II and under the Bretton Woods system, the value of the US dollar was thus anchored to the value of gold and fixed to $35 per ounce. Simultaneously, many global economies decided to peg their exchange rates against the US Dollar.
Why do so many economies peg their currency against the US Dollar?
Each county has their own rationale in pegging their currency in US dollars. For example, many of the Caribbean islands do so because much of their income is derived in US dollars from tourism. Fixing their exchange rates to the US dollar makes their currency less volatile and simultaneously stabilises their economy. Both in Africa and the Middle East, many countries have pegged against the US dollar. Especially the oil rich nations need the US Economy as a major trading partner for oil, hence the reason for pegging against the US dollar.
US Dollar pegged currencies: If the US Dollar Rate moves the following currencies move too!
Hong Kong Dollar
UAE (United Arab Emirates) Dirham
In 1971, gold convertibility was finally terminated by President Nixon and became a freely floating currency under the careful watch of the Federal Reserve.
Pre-order US Dollars online to achieve a better exchange rate before you get to the airport.
US dollar notes come in a variety of bills, 1,5,10,20,50 and 100 notes. There are still 2 dollar notes in circulation however; they are now much rarer
When ordering your US dollars, make sure you select the denomination preference. Please find below a breakdown of the notes you should expect to receive
Small - mix of 1,5,10 and 20 denomination US dollar bills
Mixed - mix of 1,5,10,20,50 and 100 US dollar bills
Large - mainly 100 US dollar bills
No Preference - a variety of US dollar bills. This is dependent on our inventories at the time your order is placed.
We will always do our best to supply you the US dollar notes of your choice however; we cannot guarantee your preference will be met
Please note that if you are travelling to certain countries where mint US dollar bills, or certain dated US dollar bills are required, we can supply this too at no further cost. Please make sure that you get in contact with a member of our team as soon as you have placed your order with us.
The Currency Club website tracks exchange rates of global currencies throughout the day to offer the best exchange rates for US Dollar. So, take advantage of spikes in the exchange rate by pre-ordering US dollars online up to five working days in advance with The Currency Club.
Fast, secure insured next working day delivery of US dollars travel money direct to your door step.
Our “Rate Optimiser” tool helps you to achieve the best possible exchange rate for US Dollars by visually representing how your exchange rate improves with the more you order.
Are you looking to target a US dollar exchange rate before you travel? Use our [rate reminder tool]. As soon as your rate is reached, you will receive an email alert. Should your rate not be reached, you will be updated of our latest US dollar exchange rate
The Currency Club through its innovative price tracking mechanism offers the best currency exchange rates for US Dollars. We offer an integrated online platform that provides members with greater transparency. Register, become a member and using your own designated account, to order travel money efficiently and at your own convenience. Place your order through The Currency Club and get the best US Dollar exchange rate