Conrad Weiser, a Pennsylvania Dutch pioneer who had frequent contact between colonists and Native Americans, wrote in his journal that someone was robbed of bucks' worth of items. He further clarified that five bucks were worth a cask of whiskey at the time. Once American currency replaced animal skins as a way to pay for goods, the term "buck" remained as a slang term for one dollar.
Several idioms and expressions use the word "buck. A "quick buck" refers to a quick and easy profit. Making a fast buck or a quick buck may refer to scams or cheats. A person who gets "more bang for the buck" has a very favorable cost-to-benefit ratio or greater value for the money.
Conversely, a person who buys a year-old vehicle may not get a lot of bang for the buck if the car breaks down shortly after buying it and the repairs cost more than the purchase price. An exchange rate is the value of a country's currency versus the value of another country's currency. If the buck is strengthening, it means that U. If a family is planning a trip to Europe from the U.
However, if the family were returning to the U. In other words, the euro exchange rate to the buck would be higher meaning they'd receive more dollars for each euro exchanged. The net asset value is the value of a fund such as a mutual fund ; it equals the net value of the assets the securities minus the total value of its liabilities and the costs to run the fund.
Breaking the buck occurs when the money market fund 's investments fail to cover the operating expenses or any investment losses. Money market funds tend to "break the buck" during times of low interest rates or high risk since investors tend to sell their funds for higher-yielding or safer investments.
Government Money Market Fund at 94 cents due to large losses. At the time, the fund was considered to be invested in the safest short-term securities available. The first loss of its kind shocked the investment world since money market funds were considered extremely safe investments. Reuben Gold Thwaites. Cleveland : Arthur H. Clark Company, The New York Times. Wealth Management. The US dollar is the formal currency of the USA as well as the de facto currency of numerous other states and regions.
It is the most traded currency in the world, as well as the currency most held in reserve. The US dollar is a relatively stable currency, which has meant that some countries have introduced it at times when their own currency is volatile. Some countries, such as Lebanon, unofficially use US dollars in conjunction with their own tender.
Other territories — for instance the British Turks and Caicos Islands — officially use the US dollar on the exchange too. Each US dollar is divided into cents. Coins come in 1 cent, 5 cent, 10 cent and 25 cent. These are called penny, nickel, dime and quarter respectively. Fifty-cent coins and one-dollar coins are still minted, however are seldom used in day-to-day tender.
Notes come in 1, 2, 5, 10, 20, 50 and A dollar coin is minted but — like a cent coin — not in popular circulation. Like with many currencies, higher-value banknotes are occasionally minted but not submitted into circulation. Both of these uses are fairly arcane. There are also many more countries whose currencies are fixed to the US dollar, meaning that they can use US dollars in everyday transactions and on the exchange.
Many, like the UAE , do not do so. You can simply go into one of our branches that sells foreign currency. There are thousands, just use our branch finder to find your most convenient.
Currency Information. More US Dollar info. The world's most popular currency tools. Xe International Money Transfer Send money online fast, secure and easy. Send money. Xe Currency Charts Create a chart for any currency pair in the world to see their currency history. View charts. Xe Rate Alerts Need to know when a currency hits a specific rate? Create alert. Download the Xe App Check live rates, send money securely, set rate alerts, receive notifications and more.
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