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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).
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.
Which is the lowest currency in the world?
"Zimbabwe Dollar" no doubt
What is the lowest currency of the world?
probably would be a dollar
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
What is the world's least currency?
The lowest currency is most likely the Zimbabwe dollar.1.00 USD = 256,585,000.00 ZWD
What currency does HKD represent?
The initials HKD represent the Hong Kong Dollar currency. At the moment one Hong Kong Dollar is worth 0.13 US dollars. It is the eighth most traded currency in the world.
Is there such thing as a 4 dollar bill in the world?
In toy money and counterfeit currency. In the real world, no.
