Currency Pair USD/XCD: An Overview

The currency pair USD/XCD represents the exchange rate between the United States Dollar (USD) and the East Caribbean Dollar (XCD). This article provides a brief overview of both currencies and their significance in the global economy.

United States Dollar (USD)

The United States Dollar (USD) is the world's most widely used currency and serves as the primary reserve currency for many countries. It is issued by the United States Federal Reserve and is extensively used in international trade and finance. The USD is known for its stability and reliability, making it a preferred currency for many investors and institutions worldwide.

East Caribbean Dollar (XCD)

The East Caribbean Dollar (XCD) is the official currency in eight countries and territories in the Caribbean, including Antigua and Barbuda, Dominica, Grenada, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and the Grenadines, Anguilla, and Montserrat. The currency is issued by the Eastern Caribbean Central Bank (ECCB) and is known for its stability in the region. The XCD is pegged to the US Dollar at a fixed exchange rate, contributing to its stability.

Convert Between Currencies

On this page, you can easily convert between different currencies, including USD and XCD. Follow these simple steps:

1. Enter the amount you want to convert.
2. Select the source currency.
3. Choose the target currency.
4. The conversion will be done automatically.

A chart displaying historical figures for the currency pair will be provided along with the conversion, giving you a clear picture of how the exchange rate has evolved over time.

Summary

The currency pair USD/XCD is of great importance for both international trade and regional stability in the Caribbean. By using our currency converter, you can easily and quickly access current exchange rates and historical data, helping you make informed decisions.