US Dollar (USD) Exchange Rates Today
Live rates, 30-day trends, and real talk about what banks charge you for US Dollar.
Mid-market rate - no bank markup 200+ currencies Free
What is the US Dollar?
The world's primary reserve currency, used in 88% of all foreign exchange transactions (BIS 2022).
Symbol: $ ISO code: USD Central bank: Federal Reserve
BIS ranking: 1st most traded (the 1st most bought and sold currency worldwide) Used in: United States, Puerto Rico, Ecuador, El Salvador, and several territories
This page is a hub for all USD exchange rates on our site. Use the converter above to check the current mid-market rate for US Dollar against any supported currency, or scroll down to browse individual pair pages with 30-day charts, historical data, and conversion tables.
How US Dollar is commonly exchanged
As the world's primary reserve currency, the US Dollar is on one side of 88% of all forex transactions (BIS 2022). The most liquid USD pairs are EUR/USD, USD/JPY, and GBP/USD. Most other currencies - especially emerging market ones - are priced through USD as an intermediary, even when the end conversion is between two non-dollar currencies. This makes USD the backbone of the global currency market.
Most USD conversions pass through one of the major pairs listed below. For less common combinations, rates are computed as cross-rates through USD or EUR, which may carry a slightly wider spread.
Practical notes for US Dollar
Travel and card conversions
If you are spending in US Dollar, a card with no foreign transaction fee is typically the best option. Always choose to be charged in USD (the local currency) at point of sale - selecting your home currency triggers Dynamic Currency Conversion, which adds an unnecessary 3-6% markup to your transaction.
Weekend and holiday pricing
Currency markets close Friday at 5pm Eastern and reopen Sunday at 5pm Eastern. During this window, the rate you see is Friday's closing price. Some providers widen their spreads on weekends. If your conversion is not urgent, waiting until Monday often means a tighter spread and a rate that reflects current market conditions.
Large transfers
For conversions above 10,000 USD, consider a specialist FX broker rather than your bank. The difference in rate on a large transfer can be significant - even a 0.5% improvement on a large sum adds up quickly. Get quotes from at least two providers and compare the final amount the recipient would receive, not just the headline rate.
The Federal Reserve and the US Dollar
The Federal Reserve (the Fed) is the central bank of the United States. Its dual mandate is maximum employment and price stability.
Policy tool: The federal funds rate, set by the Federal Open Market Committee (FOMC), which meets eight times per year. Rate decisions are the single biggest driver of USD exchange rates.
Key data releases: Non-farm payrolls (first Friday of each month), CPI inflation (monthly), and FOMC meeting minutes all tend to move USD pairs significantly.
Did you know?
- About 45% of all US dollar bills in circulation are held outside the United States, making the dollar the world's most widely held currency.
Frequently asked questions
What is the USD exchange rate today?
The live mid-market rate is shown in the converter above. It updates every 60 seconds during market hours (Sunday 5pm ET through Friday 5pm ET). Scroll down to see USD rates against all supported currencies.
What is the mid-market rate for US Dollar?
The mid-market rate is the midpoint between wholesale buy and sell prices - the fairest benchmark before any provider adds markup. It is the rate shown on this page. Your bank or service will offer a different rate that includes their margin.
How is USD performing this month?
Use the converter above and click through to any pair page to see the 30-day range bar, which shows where today's rate sits relative to the recent trend. The rate statistics panel shows 30-day low, high, average, and volatility.
Where can I find historical USD rates?
Click on any pair page below and scroll to the history chart. You can view 7-day, 30-day, or 1-year history with daily rates. Use the date picker to look up a specific historical date.
What affects the value of US Dollar?
Central bank interest rate decisions from the Federal Reserve are typically the largest driver. Inflation data, economic growth figures, trade balances, and political stability also matter. On a day-to-day basis, scheduled economic data releases and central bank communication can cause noticeable moves.
Why do different sites show different USD rates?
Different providers use different data sources, update at different times, and may show rates that already include their markup. The mid-market rate (shown here) is the most neutral benchmark. If a site shows a rate that is noticeably worse, that difference is likely their margin built into the number.
How is the USD exchange rate set?
Most exchange rates are determined by supply and demand in the global forex market, where banks, funds, and corporations trade currencies 24 hours a day on weekdays. Interest rate differentials between central banks are the biggest long-term driver. No single entity "sets" the rate - it emerges from millions of transactions.
Learn more
- Federal Reserve Economic Data (FRED) - Exchange Rates - Historical USD rate data from the St. Louis Fed
- BIS Triennial Central Bank Survey 2022 - Where the US Dollar ranks in global FX trading
- Federal Reserve H.10 Release - Official Fed foreign exchange rates, updated daily
- Bureau of Labor Statistics - CPI - US inflation data that drives Federal Reserve interest rate decisions
USD rate statistics
US Dollar rate context
We compare the current US Dollar exchange rate against its recent trading range to help you decide whether now is a good time to convert. The live analysis updates throughout market hours.
Rate analysis updates when live data is available.
Forex Market Hours
The forex market is open 24 hours a day, five days a week. Trading passes between these major financial centers as the world turns.
| Market | Timezone | Local Time | Status |
|---|---|---|---|
| 🇦🇺 Sydney | AEST | — | — |
| 🇯🇵 Tokyo | JST | — | — |
| 🇬🇧 London | GMT/BST | — | — |
| 🇺🇸 New York | ET | — | — |
All USD Currency Pairs
Live exchange rate pages for US Dollar against every supported currency.