Cryptocurrency Q&A What currency is used in foreign exchange?

What currency is used in foreign exchange?

Sara Sara Fri Jan 17 2025 | 7 answers 1267
I am interested in finding out about the currency that is commonly used in foreign exchange transactions. I want to understand which currency is preferred or most widely accepted in such exchanges. What currency is used in foreign exchange?

7 answers

CharmedSun CharmedSun Sun Jan 19 2025
The U.S. dollar's influence extends beyond the borders of the United States.

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Martina Martina Sun Jan 19 2025
Additionally, several foreign territories, municipalities, and nations have adopted the U.S. dollar.

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Elena Elena Sun Jan 19 2025
The U.S. dollar holds a significant position in the global financial system.

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CryptoMaven CryptoMaven Sun Jan 19 2025
The widespread acceptance of the U.S. dollar highlights its global significance.

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SsangyongSpiritedStrengthCourage SsangyongSpiritedStrengthCourage Sun Jan 19 2025
The Federal Reserve plays a crucial role in the issuance of U.S. dollars.

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