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Dollar exchange rate / USD / CHF / US dollar / dollar Swiss franc exchange rate / current exchange rate
The US dollar is regarded as a global currency and was the world’s strongest currency for many years. It was officially declared as the USA’s main currency unit in the 18th century and is the only official currency in the United States today. Until the introduction of the euro in 1999, the US dollar was the world’s most important currency unit. However, the euro now acts as a powerful counterweight to the dollar. The euro has consistently been worth more than the dollar in recent years. The US dollar is also facing a new competition from Japan, as a result of the strengthening of the Japanese yen.
The dollar exchange rate is particularly important for the price development of raw materials. Consumers notice this most in the prices of heating oil and petrol. Because crude oil is traded in US dollars, the exchange rate between dollars and euros/Swiss francs has an impact on the prices at the petrol pumps, which increase when the dollar is strong.
Like all exchange rates, the dollar exchange rate and its relationship to other currencies is calculated and published daily on the currency markets.