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The USD (United States dollar) is the official currency of the United States of America. The United States dollar, or U.S. dollar, is made up of 100 cents. It is represented by the symbol $ or US$ to differentiate it from other dollar-based currencies.

To summarize, money has taken many forms through the ages, but money consistently has three functions: store of value, unit of account, and medium of exchange.

Go to a forex dealer or travel agent: Similarly, you can buy foreign exchange from your travel agent. You can also buy foreign exchange from Reserve Bank of India (RBI)-authorised foreign exchange dealers. You should compare exchange rates offered before buying.

Currency is the physical paper notes and coins in circulation. By accepting the currency, a merchant can sell his or her goods and have a convenient way to pay their trading partners. There are other important benefits of currency too. The relatively small size of coins and dollar bills makes them easy to transport.

The term currency refers to the tangible form of money that is paper bills and coins. It's used as a medium of exchange that's accepted at face value for products and services as well as for savings and the payment of debt.

Divide your starting amount by the exchange rate to get the converted amount. For example, $100/1.25 = ?80. While it's good to be conscious of exchange rates when you go abroad, using a credit card to automatically access the best conversion rates is a great way to make things simple and relatively inexpensive.

To convert from a base currency, you would multiply by the exchange rate. If the exchange rate is greater than 1, you will get a larger number?that is, you will get more of the second currency in exchange for the first.

The U.S. monetary system is a decimal system, with one dollar equal to one hundred cents. One dollar is written as $1 or $1.00, and one cent is written as 1¢.