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After WW2 the world looked again to establish a single system for converting various currencies. The US dollar at that time was quite stable, and the nations of the world agreed to the Bretton Woods system, of fixing the value. The Bretton Woods system established a dollar standard to replace the gold standard. The value of the dollar was fixed to gold at $35 to the ounce and the various currencies of the world were fixed to the dollar. Exchange rate became fixed to the value of the dollar, and the dollar became a world commodity.
Today, the US dollar is one of the single most traded commodities. The Euro has risen to become the second.
What else can I help you with?
Which is the lowest valuable currency in the world?
"Zimbabwe Dollar" no doubt
What is 33 billion dollars in English currency?
You need to say which type of dollar you want to convert from or into. There are many different currencies in the world called "dollar". For example, Singapore dollar, Canadian dollar, Australian dollar.
Why is that US dollar is widely accepted a worldwide currency?
the us dollar has always been and will be the worlds most powerful currency and though the euro dollar does give it a challenge in Europe mostly, the rest of the world will always recognize the American dollar first. some countries have now made the us dollar their official currency replacing their own. i don't think in my lifetime that the us currency will ever be topped and I've got many a good years left in me according to my doctor.
How much is 160.000 dollors in british pounds?
Many countries around the world use the dollar as currency, you need to state in your question which currency you want to convert.
How much is 3o dollars and 40 dollars in English currency?
You need to say which type of dollar you want to convert from or into. There are many different currencies in the world called "dollar". For example, Singapore dollar, Canadian dollar, Australian dollar.
What is the most common currency in the world?
I think that the most common currency in the world is the USD (United States dollar). Or at least that's what it is in the business world. :)
What are the most common currencies?
The most common currencies in the world include the US Dollar (USD), Euro (EUR), Japanese Yen (JPY), British Pound (GBP), and Swiss Franc (CHF). The US Dollar is the dominant global reserve currency, widely used in international trade and finance. The Euro, used by many European Union countries, is the second most traded currency. Other notable currencies include the Australian Dollar (AUD) and Canadian Dollar (CAD).
What currency did the US use during World War 1?
During World War I, the United States used the U.S. dollar as its official currency. The dollar was backed by gold and silver, adhering to the gold standard at the time. The U.S. government issued various war bonds to finance military efforts, but the dollar remained the primary medium of exchange throughout the war.
Why is it the US dollar widely accepted as world wide currency?
It is the world's reserve currency.
What currencies will the Yahoo currency converter convert?
The Yahoo currency converter is able to convert hundreds of different currencies around the world, including every major currency. The most common converted currencies are the US Dollar, Canadian Dollar, Australian Dollar, British Pound, Japanese Yen, and Euro.
Where does the us dollar rank in world currency?
The U.S. dollar is the world's dominant reserve currency, accounting for approximately 60% of global foreign exchange reserves. It is widely used in international trade and finance, making it a key currency for transactions around the globe. The dollar's status is bolstered by the size and stability of the U.S. economy, as well as the depth and liquidity of U.S. financial markets. Other major currencies, like the euro and yen, follow but do not match the dollar's prominence.
What are the major currencies in the world?
The major currencies in the world include the US dollar (USD), euro (EUR), Japanese yen (JPY), British pound sterling (GBP), Swiss franc (CHF), Canadian dollar (CAD), and Australian dollar (AUD). The US dollar is the most widely used currency for international transactions and serves as the world's primary reserve currency. The euro is the second most traded currency and is used by many countries in the European Union. Other currencies like the yen and pound also play significant roles in global finance and trade.
What is the lowest currency of the world?
probably would be a dollar
Which is the lowest currency in the world?
"Zimbabwe Dollar" no doubt
What is the number one currency in the world?
us dollar
What is the currency currently used in India?
India uses RUPEES as their currency.
Which is the lowest valuable currency in the world?
"Zimbabwe Dollar" no doubt
