The US Dollar (USD) is more than just paper money—it's a symbol of global economic strength, stability, and trust. Whether you're a student heading abroad, a travel enthusiast exploring the world, or an investor looking for secure currency options, buying USD or someone sending money abroad from India is a smart and strategic move.
A Brief History of the US Dollar
The origin of the US Dollar dates back to 1792. The United States Congress established it under the Coinage Act as the official currency. Taking its inspiration from the Spanish dollar, the US Dollar was among the very first to follow the decimal-based currency system. In the course of history, it has undergone transformations from gold-backed notes to mere fiat currency with which we transact today.
The USD was given global prominence just after the World War II when it was pegged to gold with the formation of the Bretton Woods system. The gold standard might have been discarded in the 1970s, but this rather became a stepping stone for the increased dominance of this currency. It thus goes on to be the primary reserve currency of the world, accounting for more than 80% of forex transactions worldwide.
Why Is the US Dollar Held as a Global Currency?
The value of the US dollar is influenced by a mix of domestic and international factors, including:
A Stable Economy: The US has one of the largest and most diversified economies in the world.
Trustworthy Institutions: From the Federal Reserve to other regulatory agencies, financial institutions located in the US boast of confidence worldwide.
Safe-Haven: In times of global uncertainty, investors flock to the USD.
Universal Acceptance: The USD is scribbled in the checkbooks of practically every country under the sun, either officially or unofficially.
Stability and trust create a valuable currency, which is favored for travel, education, business, and investment.
US Dollar Evaluated-
The US Dollar is evaluated by the confederation of natures, including domestic and foreign.
Interest Rates: When interest rates rise in the United States, the dollar gets strong as foreign investors go in search of higher returns.
Inflation and Economic Data: Low inflation together with solid GDP growth enhances the dollar.
Conflict Stability: The USD gains when other currencies are involved in conflict or instability.
Among Forex Reserves: Central banks worldwide hold large reserves of USD, which adds credibility to it.
The INR to USD exchange rate is closely watched by businesses, travelers, and investors alike. A favorable exchange rate means more value for your money when you buy USD in India.
Current United States Dollar Notes & Coins
The United States Dollar is two types of currency mystically conjured into existence by the government of the United States: first, paper notes with embellished designs, then coins differing in weights and sizes. Currently, the U.S.D. paper currency consists of notes of $1, $2, $5, $10, $20, $50, and $100 denominations that carry portraits of famous American notables such as George Washington, Abraham Lincoln, and Benjamin Franklin with advanced security features against counterfeiting-they include watermarks, color-shifting inks, and security threads.
Coin denominations struck by the U.S. Mint include 1 cent, 5 cents, 10 cents, 25 cents, 50 cents, and 1 dollar. While the smaller denominations of penny through quarter coins circulate fairly well, the higher denominations of half dollars and dollar coins see lesser circulation.
Historically speaking, both notes and coins stand for trust, security, and strength worldwide, making them an internationally coveted currency among travelers, students, and international shoppers.
Benefits of Buying/Selling USD/Remit USD abroad from Orient Exchange
Orient Exchange is a flawlessly capable platform for the buying and selling of US Dollars (USD) in India. Licensed as an RBI-authorized foreign exchange dealer, we guarantee genuine currency and the best exchange rate with full transparency. Customers are left with no hidden charges, quick turnaround, and the option of online booking with home delivery. Backed with a robust branch network spanning across India and excellent customer support, Orient Exchange is your partner of choice for any USD currency exchange operations.
Remit USD Abroad: Transfer funds in USD from India for education, family maintenance, medical treatment, gifts, or investments abroad—all under RBI’s LRS.