Will the GBP USD reach dollar parity?

Convert euros to US dollars and what you need to know about the currency

Buy US dollars online

Here you can convert amounts based on the current euro-US dollar exchange rate and exchange US dollars online. Simply enter the desired amount and display the conversion amount. When you buy dollars, your travel money will be delivered to your home within a few days.

The American dollar - the global reserve currency

The US dollar (USD) is legal tender in the United States. But it is also used as an official currency or minor currency in some other countries, for example in Ecuador, El Salvador, Liberia, Panama, Zimbabwe or on the Marshall Islands.

Even if its importance has decreased a little compared to other currencies, the US dollar is still undisputed as the world's most important key, transaction and reserve currency. This can be seen, for example, from the fact that over 50 percent of international financial transactions take place in US dollars. The dollar is also the dominant currency in the oil trade (“petrodollar”).

Dollar coins with presidential portraits

The dollar coins are made by the United States Mint. Almost all of them show portraits of former American presidents - such as Abraham Lincoln, Thomas Jefferson, Franklin D. Roosevelt and John F. Kennedy. A law regulates that only deceased presidents may be represented in US currency.

Dollar bills are called "greenbacks"

The green color of the dollar bills is characteristic, which is why they are also known colloquially as “greenback” (tree frog). The banknotes are increasingly being replaced by colored notes, but the old banknotes remain valid. The Bureau of Engraving and Printing is responsible for printing the notes.

In contrast to the euro, for example, all dollar bills - regardless of their value - have the same dimensions. There are notes in circulation up to a value of 100 dollars. All notes of higher value were withdrawn in 1969, but are still officially legal tender. But since their collector's value has long since exceeded their nominal value, they are of course no longer used for payment. The US $ 2 banknote is particularly rare. It is not issued by ATMs. It is a popular collector's item that many Americans have never held in their hands because of its rarity.

During the Second World War, the US becomes the world's most important financial power

The development of an American currency began in the late 17th century when the Massachusetts Bay Colony became the first colony to introduce its own paper money in 1690. In the course of the War of Independence, the first single currency, the "Continental Currency", was introduced in 1775. The current banknotes, the "Federal Reserve Notes", have been in circulation since 1913. During the Second World War, the USA replaced the United Kingdom as the world's most important financial power, and in 1944 the US dollar was even set as the international anchor currency, thus replacing the British pound (GBP). However, dollar parity ended in 1973.

What does the dollar sign stand for?

For a long time, immigrants in North America paid with Dutch and Spanish currencies. The term dollar developed from the Dutch “Daler”. The origin of the famous dollar sign $ cannot be clearly established. It is very likely, however, that it originated from the abbreviation “Ps.” (For peso). The Spanish currency peso was known as the "Spanish dollar". Over time, the letters P and S were written on top of each other more and more often - this is how the new currency symbol came about.

Buy other currencies online

In addition to the US dollar, you can also buy other currencies (sorts) in the ReiseBank travel money shop.

You can also purchase your dollars in the ReiseBank branches.

The currency at a glance

1 US dollar = 100 cents. Currency abbreviation: US $, USD (ISO code). Banknotes are available in denominations of 100, 50, 20, 10, 5, 2 and 1 US $. Coins are available in denominations of US $ 1, as well as 50, 25, 10, 5 and 1 cents.

Foreign exchange regulations

No restrictions. The import and export of amounts of US $ 10,000 or more (including bearer shares, travelers checks, money orders) must be declared. Attention: When it comes to foreign exchange, related persons are legally considered to be one person.