USD# stands for United States Dollar, which is the official currency of the United States. It's widely accepted and used globally for international transactions, investments, and trade.
*Key Facts About USD:*
- *Symbol*: $#
- *Currency Code*: USD
- *Exchange Rates*: The value of USD fluctuates against other currencies, with current exchange rates being:
- 1 USD = 285.6 Pakistani Rupees (PKR)
- 1 USD = 0.8757 Euros (EUR)
- 1 USD = 1.5538 Australian Dollars (AUD)
- 1 USD = 150.5564 Japanese Yen (JPY)
- *USD Index*: The U.S. Dollar Index (DXY) tracks the strength of the dollar against a basket of major currencies, including the euro, yen, and pound ¹ ² ³.
*Usage and Importance:*
- *Global Trade*:# USD is widely used for international trade, finance, and investment.
- *Reserve Currency*: It's held as a reserve currency by central banks and governments worldwide.
- *Foreign Exchange*:# USD is one of the most traded currencies in the foreign exchange market ⁴.