The US dollar is the most traded currency in the world. The world’s unofficial reserve currency, it can be found in most major currency pairs. In forex, it’s an important benchmark and target rate for countries that fix or peg their currencies against its value. It is also used as the standard currency for oil, precious metals and other commodities.
Currency:
US Dollar
Currency Symbol:
$
Sub unit:
cents
Bank notes:
$1, $5, $10, $20, $50, $100
Coins:
1c, 5c, 10c, 25c, 50c
Ecuadorian Sucre
The Ecuadorian sucre lost massive value in 1999 and in early 2000 President Jamil Mahuad made the announcement that the sucre was to be replaced by the US dollar. The currency value ended at 25,000 sucre = 1 US dollar at that time.
Adrienne Fuller is the head of publishing at Finder. With a decade of experience creating guides in finance and education, she aims to deliver the accurate and transparent information she wishes she had when she made some of life's important financial decisions. For the past 3 years she has been the publisher of money transfers, helping readers save when they send money all over the globe. She has a BA from Colorado College and loves to hike with her two Catahoula dogs around her home in San Diego.
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