Currency in the United States of America - A Full Guide 2024

Claire Millard
Ileana Ionescu
Last updated
December 4, 2023

Planning a trip to the United States of America? Whether you’re heading there for work or pleasure, you’ll need to know how to pay your way as you travel.

This guide covers all you’ll need to know about the official currency in the United States of America, where to get it and how to keep your costs down during your trip.

What is the currency in the United States of America?

The official currency in the United States of America is the US dollar, which is issued and overseen by the US Federal Reserve. If you’re buying your travel money online you may also see the official code being shown - USD. In stores and restaurants, US dollar prices are likely to use the currency symbol $.

Once you’re in the United States of America you’ll see costs of items shown in USD and you’ll need to start paying for things in local coins and notes which are often found in the following denominations:

banknotes - 1, 2, 5, 10, 20, 50, 100 and coins - 1¢, 5¢, 10¢, 25¢, 50¢, $1.

Can you officially pay in CAD when you are in the United States of America?

You’re unlikely to be able to officially transact in CAD in the United States of America, which is why it’s time to start getting used to USD and learning more about the currency exchange rates so you’ll know what you’re spending on your trip.

This guide will walk through all you need to know, including Canadian dollar/US dollar rates and where best to get your travel money from.

US dollar
Currency nameUS dollar
ISO codeUSD
Symbol$
SubunitCent
Central BankUS Federal Reserve
Best travel cards to take to the United States of AmericaWise, Revolut

USD coins and banknotes

Here’s a full rundown of the USD coins and banknotes you’ll need to be familiar with when you’re in the United States of America.

USD banknotesUSD coins
banknotes - 1, 2, 5, 10, 20, 50, 100coins - 1¢, 5¢, 10¢, 25¢, 50¢, $1

History of US dollar currency

Established in 1792, the U.S. Dollar is one of the world's most traded and recognized currencies, backed by the U.S. economy and government.

Is CAD accepted in the United States of America?

As we’ve seen, the official currency in the United States of America is USD. If you carry CAD with you on your trip, you’ll probably need to exchange it before you can spend.

Sometimes when you’re away on a trip abroad you’ll find that merchants will take payments in a selection of major foreign currencies. However, the chances are that where this is offered, you won’t get a good exchange rate for your CAD. Planning smart and convenient ways to spend in USD when you’re away is likely to mean you save on costs in the end.

Usually, having a few different ways to pay and get cash is the best option for travelers and tourists. That’s because you’ll have a back up plan in case one payment method isn’t accepted for any reason, and you can pick the method that’s best suited to the specific transaction. Having a multi-currency card from a provider like Wise or Revolut, plus your normal bank debit card, and some local cash in USD should mean you’ve always got options. You can use your cash for small purchases and tipping, and make low cost payments and cash withdrawals with your multi-currency card, while keeping your bank card in reserve for emergencies.

Use a travel card on your next trip to the United States of America

Using a travel debit card in the United States of America is usually cheap, safe and convenient. A few providers in the UK offer multi-currency cards which come with a linked payment account that lets you convert, hold and spend in USD. That allows you to add a balance in CAD and switch over to USD to lock in the exchange rate and set your travel budget.

Once you have USD in your account there are no extra fees to make payments, and you’ll not have foreign transaction charges to worry about, either.

Here’s a quick overview of a couple of handy travel debit cards you may want to order and use in the United States of America.

Wise travel card

Order a Wise travel card online or in the Wise app, to hold and exchange 40+ currencies and manage your money from your phone. You’ll be able to spend conveniently in USD - and all currency exchange uses the mid-market rate with no markup.

Card holders get some free ATM withdrawals available every month, and there’s no annual or monthly fees to pay, and no minimum balance requirement.

Read a full Wise review here

Green Wise card
Go to Wise
Wise prosWise cons

✅ Currency exchange uses the mid-market rate

✅ No foreign transaction fees apply

✅ Free to hold and spend 40+ currencies

✅ Receive payments to your Wise account in a selection of global currencies

✅ No minimum balance or ongoing fees


❌ Card order fee applies

❌ ATM fees apply once you’ve exhausted your free monthly withdrawals 

Revolut card

Revolut offers several different account plans so you can pick the one that suits your needs and spending, including some with no monthly fees. All account plans let you hold and exchange multiple currencies in the same account, and there’s no-fee to spend currencies you hold.

Depending on the plan you pick you’ll get fixed levels of no-fee ATM withdrawals and mid-market currency exchange every month. Low fees apply once you exhaust your plan no-fee limits.

Read a full Revolut review here

Go to Revolut
Revolut prosRevolut cons

✅ Hold and exchange a selection of global currencies, spend currencies you hold with no extra fee

✅ Choose from different account tiers to suit different customer needs

✅ Get some currency exchange every month which uses the mid-market rate - limits vary by account plan

✅ No card order fee

✅ Some account tiers have extra perks including travel benefits


❌ Ongoing fees apply for some account tiers

❌ No branch network for a face to face service

❌ Fees apply once you exhaust your account no-fee transaction limits

What is the currency exchange rate for £ 1 CAD/USD?

It’s helpful to get to know the live CAD/USD rate so you can easily calculate how much things are costing you while you’re on your trip abroad. The rate you need to focus on is the mid market rate, which is the one banks and major currency services get when buying and selling currencies. This rate isn’t always passed on to customers. Instead you may find that the CAD/USD rate you get when exchanging travel cash includes a markup - an extra fee.

Find the CAD/USD mid-market rate from a currency conversion site or a website like this, so you can keep an eye on the market and compare the rates you’re offered as you travel against the mid-market rate easily.

Should I exchange CAD to USD before traveling to the United States of America?

Because the United States of America sees many tourists from the UK every year you might find you’re better off if you exchange your currency when you get to the United States of America rather than worrying about getting your cash sorted out before you leave.

Get familiar with the exchange rates offered locally to you, and online, so you can decide whether it’s worth switching some funds in advance of travel, using a card to pay while you’re away, or converting cash on arrival. Both in the UK and in the United States of America, steer clear of exchanging currency at the airport. A captive market means that CAD/USD rates are often worse in the airport than in city centers.

Tips for exchanging money in the United States of America

Cards are widely accepted in the United States of America, but you’ll still need to watch the exchange rate given when making a transaction from CAD to USD. Some merchants offer to let you pay in CAD instead of USD, but this will usually mean paying more because of dynamic currency conversion costs.

Best place to exchange currency in the United States of America

You can get your USD in the United States of America in a couple of ways.

You’ll be able to use a travel debit card from a provider like Wise or Revolut to make convenient payments and cash withdrawals and to convert funds online.

Or if you prefer an offline solution you can carry some cash in CAD to exchange when you arrive. Currency exchange providers are often in airports and hotels, although the exchange shops in a city center are likely to be cheaper overall.

How to pay in the United States of America?

You’ll need to have USD to spend in the United States of America. However, generally having a few different payment methods is a good plan. That means that if a merchant won't accept one, you’ve got a back up. It’s also reassuring to know you have a different way to pay if you were unlucky enough to have a card or some travel cash stolen. Here are your key payment options in the United States of America.

1. Debit or credit card

Card payments can be helpful in shops, restaurants and hotels but there will be places where cash is also important. Order a travel card from a provider like Wise or Revolut for cheap and fast transactions, including card payments and cash withdrawals as and when you need travel money in USD.

2. USD cash

  • Cash is widely used in the United States of America, so it’s worth having some with you at all times. You may want to exchange money to USD before you leave, but it’s also usually convenient to make ATM withdrawals locally once you arrive in the United States of America.

  • You’ll usually find you can use a card to make payments in the United States of America, but carrying some cash in USD is also reassuring. It’s often easier for tipping and making smaller purchases, plus you’ve got a nice backup if your card is ever out of action for some reason.

  • It’s a smart idea to have both a card and some cash in USD when you’re in the United States of America. Some merchants will prefer cash, but having a card for higher value payments and in busier more tourist places is also convenient. Consider using a travel card from a provider like Wise or Revolut alongside your cash for flexibility.

Paying for the trip in CAD

If you’re paying for things in the United States of America with a CAD bank card you might find a foreign transaction fee is added. This pushes up your costs when you spend in a foreign currency, and can be tricky to calculate.

Travel debit cards don’t always work this way. When you make purchases in the United States of America using the Wise card you can either choose to convert your account balance to USD in advance in the Wise app, or just leave your balance in CAD and let the card handle the transaction when you pay. You’ll always get the lowest available fee and there are no extra foreign transaction charges.

Conclusion - Currency in the United States of America

You won’t be able to pay in CAD when you visit the United States of America - so learning about the currency you need is essential. Whether you decide to use a travel debit card from a service like Wise , or stock up on USD in cash in advance, knowing the mid-market exchange rate can help you get the best available deal. Use this guide to learn all you need to know about the options, rates and fees for exchanging CAD to USD, and make your money go further while you’re away.

The official currency in the United States of America is USD. You can’t usually pay in CAD in the United States of America, so you’ll need to plan in advance to get your travel money sorted. Consider ordering a travel debit card from a service like Wise, for low cost conversions to USD and convenient spending and withdrawals - and remember that knowing the CAD to USD mid-market exchange rate is essential to check you’re getting a fair deal on currency exchange.

FAQ - Currency in the United States of America

What is the currency in the United States of America called?

The official currency in the United States of America is the US dollar. You may also see the code USD and the currency symbol $.

What's the currency in Washington, D.C.?

The official currency in Washington, D.C. is the US dollar. You’ll only be able to spend in USD while you’re there.

What is the old the United States of America currency?

Today the currency in the United States of America is the US dollar. If you’re worried about currencies changing, why not get a travel debit card from a service like Wise which will automatically pick the currency needed in your destination when making a payment - with no penalties or inflated fees.

What is the best currency to take to the United States of America?

You’ll only be able to spend in USD while you’re in the United States of America. Carrying some money in cash and using a travel debit card from a service like Wise is usually the best way to spend while you’re away from home.