- USD simply stands for United States Dollar, the currency of the United States. In a world of many different currencies and symbols, the simple USD acronym is easily understood by currency traders.
- The dollar symbol, $, is also the symbol for the peso. The peso is the name of the currency for many Latin American countries. In Argentina, if you see a price of $10.00, the object costs 10 argentine pesos not 10 dollars.
- Other countries also use the term dollar for their currency. Some dollar countries are Australia, Canada, Hong Kong and New Zealand. The value of a dollar in these countries with not be the same as a USD.
- Currency traders use three letter indentifiers for all currencies. Euros are EUR and Japanese yen are JPY.
- The currency trader and international traveler need to understand the difference between dollars, euros, pesos, reals and florints. The acronym USD makes it easy to find exchange rates.
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