Definition of USD
What does the term "USD" mean? What is the definition of the term "USD"?
You may have come across the abbreviation USD when looking at the values of various currencies. For instance, you may have seen something like this:
EUR/USD - 1.3173.
The EUR part of this equation, as we covered yesterday, refers to the Euro.
As you can probably guess, USD refers to the US Dollar.
So, in the case listed above, the Euro is currently worth 1.3173 against the US Dollar.
USD is the "currency code" (or ISO 4217 code) for the US Dollar. These codes, which were established by the International Organization for Standardization, define the various currencies that are used throughout the world.
The USD is usually also written as US$ as even just $.
15 US territories and 3 Non-US territories officially use the USD as their currency.
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