Learn English – Correct usage of USD


I am currently writing an essay, I have to state there is a $1 million prize for something. What is the correct way of stating this amount?

I have gone with "one million USD", do you think this is acceptable or is there a preferred format?

Best Answer

If you and your essay readers are in the U.S., then they will correctly infer one million U.S. dollars from $1 million.

Currency abbreviations (such as USD, CHF, CAD, JPY, and EUR) are used by currency traders to denote currency pairs.

I would avoid USD unless your essay readers might confuse the prize for Canadian or Australian dollars. In those cases, you might write it as

a $1 million (CAD) prize

the fabulous $1 million (AUD) prize

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