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Want to get a sense of any best practices of using the "$" dollar sign in the context of an image in order to depict a universal idea of money.

UPDATE: My task was to create an icon/graphic used in an e-commerce checkout process which depicted the idea of an 'invoice'. It had to make sense in a global context (not just USD). Here is the exploration I had done: enter image description here

And here is the icon I ended up picking (without a symbol): enter image description here

Thanks for all the insights and weigh-ins everyone offered. VERY helpful!

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You've accepted an answer too soon. It would be worthwhile to wait and give more people a chance to answer and then pick the one that fully satisfies the question and you. –  SNag Sep 1 at 0:25
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Could you perhaps elaborate what the context is in which you want to use such symbol? –  Bart Gijssens Sep 1 at 6:43
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There is a symbol for this. ¤ is the unspecified currency sign, en.wikipedia.org/wiki/Currency_sign_(typography) - This is not an answer though, because I suspect that using ¤ as a generic currency symbol is going to cause confusion. Esp. since the symbol is being used by several browsers to indicate that the text includes symbols not in the current typeface. –  Taemyr Sep 1 at 8:32
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as a universal sign of money that isn't performing any function the "$" might be ok but if you just want a symbol to use for all currencies in an eCommerce capacity then obviously that doesn't work. If you could please expand on your question a little that would be good –  Chris Sep 1 at 12:47
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It's somewhat unfortunate that everyone spent so much time answering the question as to whether a US-centric symbol is suitable to represent money in the abstract ..................................... and it turns out you wanted a symbol for 'invoice'. What can I say but :-O –  Joe Blow Sep 2 at 2:13

10 Answers 10

up vote 44 down vote accepted

It may very well be universally understood but I would be concerned (or at least keep in mind) the user's reaction to this symbol. Would a Russian (a patriotic Russian) be happy to see money be symbolized by the US dollar?

Is there any chance that he may think poorly of your site / app for using the dollar sign?

I don't know your customer base but at first blush I think this would be a concern - not that the $ sign is (or is not) universally recognized - but whether it is understood and appreciated as a symbol of money in general.

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The $ symbol was around long before the US dollar, and originally was used to represent the Spanish American peso. The assumption that it represents the US dollar is only based on the prevalence of it's use, but is nonetheless flawed. –  JohnGB Sep 1 at 2:19
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@JohnGB Dollars are also used in Canada, Australia and several other countries. Nevertheless, 90%+ of people (worldwide) will associate it with the USD. It's not technically "the" dollar, but it is the de facto "dollar". –  PixelSnader Sep 1 at 6:09
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@JohnGB I'm sure you will be fine with explaining your point about $ sign origin to every user who associate it with US dollar. –  Cthulhu Sep 1 at 8:15
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I'm not a US citizen. To me, the $ symbol stands for "money", not for "US Dollar". Be aware that at least 35 different currencies worldwide directly use and/or include the $ symbol (like my own, the Brazilian Real, or R$). –  rsenna Sep 1 at 18:03
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@Mołot - filthy heather, $ is the symbol of almighty JQuery! You shall burn for your heresy! –  Davor 2 days ago

Context matters a lot here.

Like others mentioned, localization and your primary userbase should inform you whether to use $, €, £ or ¥ as 'standard' symbol. It might also be possible to do a location-check (via GPS, or IP) and display whichever icon is most appropriate.

If you don't know your userbase's location or currency, you could choose to go with ¤, which is the official stand-in symbol for unspecified currency. However this relies on them being informed enough, and as such wouldn't be advisable on a site for regular Joes.

But beyond that, it depends on what you're depicting. If it's about invoking the idea of money, you could combine the $ with other elements, for instance placing it on a bag to indicate you're not talking about a specific value. But be wary of using just the $ on its own as it is likely to be misinterpreted as actually meaning 'US dollar' instead of the broader "money".

Alternatively you can go for a more pictorial approach and show some bills and some coins. Even if you use green bills that look like USD bills, not using the actual $ symbol could prevent anti-US people from having negative associations.

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Some bills and some coins of a generic appearance, fine, but I think depending on where you live (and what your local money looks like), "green bills" can still pretty much be perceived as a synonym to USD. –  O. R. Mapper Sep 1 at 8:00
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I do hope that you are aware that there are actually people that travel! Keep in mind that all automagically set settings leave users helpless because they usually have no way of changing them in case they're unsatisfied. Furthermore, if it's a touchy, emotionally-charged issue, it may leave users offended anyway. Instead, locale data from the device should be used to determine appropriate localization options. –  AndrejaKo Sep 1 at 8:45
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I think I am pretty informed but I've learned something new today. I've seen ¤ around before and always assumed it was some glitch due to incorrect character sets (like when East Asian text becomes squares). –  the other one Sep 1 at 9:27
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@theotherone There is no country that actually uses ¤ as its currency symbol. There are some character sets that have it in the same position that the $ is in ASCII, though. One place I have often seen it is in FM radio text displays (e.g. the radio on my car says I am listening to "Ke¤ha"). –  Random832 Sep 1 at 13:34
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@PixelSnader: Here are some bills from Europe, China, Japan, Brazil, India, Russia. Note how not all, but most of them are very colourful (much more so than ... –  O. R. Mapper 2 days ago

Surely the best symbol for currency that will be universally understood would be a note and coin as every currency uses both paper notes and coins most currencies use banknotes and coins.

Given this is a simple symbol for "currency", agnostic to culture, the great majority wouldn't have heard of cryptocurrencies, and may have once heard of Bitcoin so they wouldn't need to be represented to be understood by the vast majority.

Also, whilst many of use credit / debit cards for most transactions, we are still acutely aware that we can have cash, use it for transactions and no doubt still have some various notes and coins in a pockets / wallets at any given time.

Be sure to remove any currency symbol, and you're good to go.

Something like (without the Wikipedia text and people images): enter image description here

Image source: https://commons.wikimedia.org/wiki/File:Money_Coin_Icon.svg

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Pedantic note: "Every currency uses both paper notes and coins" is false for 2 reasons: ① Bitcoin and other cryptocurrencies don't use physical tokens. ② Increasingly many banknotes are made of polymer, not paper. One should say "most currencies use banknotes and coins". –  Anko Sep 1 at 19:55
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While I certainly agree, I find it amusing to think that, in some cultures such as my own, nobody uses notes or coins. Everything is on the credit card! –  Cort Ammon Sep 1 at 19:56
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An interesting speculation is whether any culture will eventually render notes and coins so obsolete that such a symbol will become as cryptic as that funny square that means "save". I am personally dubious about the long-term merits of crypto-currency, but know plenty of people who interact with traditional currency almost exclusively via debit / credit card, mobile, and online banking. –  IMSoP Sep 1 at 23:45
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source on that picture? –  Alec Teal Sep 2 at 2:59
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@CortAmmon "nobody" ? "Everything" ? What cultures would that be ? –  Arnaud Meuret yesterday

The '$' symbol may be recognised by everyone, but if you want to avoid any emotive patriotism, how about a gold coin?

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It might come across as "fake" currency or "game" currency –  downrep_nation Sep 1 at 6:27
    
I think gold bars (bullion bars) are the perfect and correct "general" symbol of money / "wealth". Ordinary so-called "400 ounce" gold bars, buygoldbars.com/wp-content/uploads/2013/03/400-oz.jpg , do not have any "fake play money" associations (as say gold coins may). It's commonplace, and a good idea, to use such bars as "money" symbol, google unlimited examples ... thumb7.shutterstock.com/display_pic_with_logo/496060/228220501/… –  Joe Blow Sep 1 at 14:13
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@JoeBlow I disagree, gold bars look like in-game cash (though they do seem like the "premium" cash that you buy with real money) –  Chipperyman Sep 1 at 15:22
    
@Chipperyman Candy Crush Saga is your prime example there. –  Joe Z. 7 hours ago

Historically, this question has been debated for quite a long time.

There is a "Generic Currency Symbol," which looks like "¤" which has been used since at least 1985, where it was included in ISO 8859-1 (Latin-1). In theory, that is the symbol you want. However, I have never seen it used outside of reading about the code pages themselves, so that just goes to show the challenges we face with currency symbol.

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The generic currency symbol was encoded in ISO 646:1972, and I think the decision that it be so-encoded goes back to the mid 60s, though I'm not sure. I don't know about its history prior to that. –  Jon Hanna 2 days ago
    
Interestingly it is an available key on French, Danish, Norwegian, Swedish, Finnish and Estonian keyboards (taken from Wikipedia). On my keyboard it is shift + 4 for the key ¤. Have never used it for real, just as a debug output and things like that. Due to it's resemblance, it is also commonly known in Sweden as "hornmina" which translates to horn mine (don't know the english word for it), but it is a type of naval mine. en.wikipedia.org/wiki/File:Mina_morska_typu_M_1908-39.jpg –  Vixen 15 hours ago

Lots of people have given good reasons. I don't think you'll get many Russians growing too irate at the $ sign but it is an interesting thought.

Another possible problem with the $ sign is it could lead people to thinking costs are in dollars. Which dollars is this? It needs to be clearly said or else you could get a particularly ignorant Australian not realising that this site could possibly be using another sort of dollar and thinking he's found a real bargain.

A standard that I've seen around is to have a combination of currency signs. $¥€£ gives you a decent cross section of the global economy with some recognisable signs. This I think clearly says money in general without leading people down an avenue of getting stuck on thinking about one currency.

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The final paragraph is exactly correct. Perhaps we could dig up some examples of that. –  Joe Blow Sep 1 at 12:40
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If you want to combine currency symbols, ¥€$ (YES) is one way to do so. –  TRiG Sep 1 at 17:14
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Also, I may think that the site is priced in usd, and I want to purchase services / products from the UK because I can't wait or worry about the hassle of customs! –  RemarkLima Sep 1 at 17:40
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Combining currency symbols to make words sounds like an interesting avenue to research. ฿u¥ ₦o₩? –  Tekgno 2 days ago
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@Tekgno A slightly more sensible one: $A£€. There aren't really any currency vowels though. Just E and Y. –  PixelSnader yesterday

The answer is simply

of course, absolutely not

and it's surprising there is so much humming-and-hawing about it here.

It's an extremely US-centric idea, it's "just silly" if you will. Indeed the dollar symbol is often used in say political cartoons, financial cartoons, very much as a symbol of the US broadly.

If (for some reason) you wanted to use one symbol, you'd probably use the planet's main international currency, the euro, which is used by about twice? as many people as the USD, and of course in a dozen+ languages. (Of course, the Chinese Yuan is used by far more people than the Euro, and if I'm not mistaken there are now more net-users in China than anywhere else.)

(Oh - it turns out the the number of net users in China is double the US population ... again, another point suggesting it's "a bit silly" to use the dollar symbol.)


Moving on to a more positive note, what symbol should you use:

It seems quite common to use a melange of various major currency symbols:

enter image description here

Or, use "notes and coins" style icons ...

enter image description here enter image description here enter image description here

Or, use "bullion bars" style icons ...

enter image description here enter image description here

There's three great choices, I think those are the main three choices open to you in developing an icon.

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I agree with the conclusion of this argument but not the evidence (i.e. you shouldn't use the dollar). The dollar is the number one most recognized currency in the world. Roughly 60% of the world's transactions are made using the dollar with the Euro coming in at number two with 25%. It's colloquially known as The World Currency. investopedia.com/articles/07/unofficial_dollarization.asp en.wikipedia.org/wiki/World_currency#U.S._dollar –  MiniRagnarok Sep 1 at 13:58
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hi Mini -- the figure for "number of financial transactions" deals with "financial" transactions (so for example, people trading oil futures and so on -- computer transactions on stock exchanges and other electronic markets), and the issue of "national debt reserves" of nations. Regarding people using cash (physical) money, the Euro dwarfs the USD and the Yuan dwarfs the Euro. Note that as a simple example Amazon, say, as a global business would certainly have far more transactions in Euro than USD. –  Joe Blow Sep 1 at 14:08
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"The dollar is the number one most recognized currency in the world." if you mean people recognizing the actual paper money, that is quite wrong, and hugely us-centric! Literally 100s of millions of chinese people would never even have seen a paper US Dollar. –  Joe Blow Sep 1 at 14:09
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While I agree that being too US centric is a bad thing, the dollar sign is used in many countries, not just the USA, and actually has its origins in the colonies of Spain (now Latin America). Total population using the dollar sign (not necessarily USD) exceeds total population using the Euro. –  steveverrill Sep 1 at 17:33
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This answer doesn't seem ranty to me. It's (quite reasonably) calling out the parochial assumption in the question. –  A E 2 days ago

I'm from a country that is not using dollars as a currency. Creating an app depicting money using $$$ symbols would be silly. I mean if you are 10 years old, making an app for friends, then go for it. But if you are a professional and don't want other people laughing at it simply forget about it.

Depicting money as green bills or gold coins would be OK, even if we don't use green bills or gold coins.

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I completely and totally agree with this. The best answer here! –  Joe Blow Sep 2 at 2:02

Aside from the localisation issues, ¤, $, £ etc. are symbols of currency, not money. Since the stated goal is to create an icon depicting an invoice, how about simply using a basic calculation, for example:

mockup

download bmml source – Wireframes created with Balsamiq Mockups

or simply

mockup

download bmml source

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That doesn't make me think of invoice, but a math app. –  PixelSnader yesterday
    
Well, invoices are math. Maybe the alternative design with just the summary line helps? –  l0b0 yesterday
    
The alternative doesn't look like anything except a 4 with some lines. –  Matthew Read 12 hours ago

Quite frankly if it costs 4 american dollars it should say USD

For canadian dollars CAD

And for new israeli shekels ILS

that way everyone knows the price in their currency,you can add a selection dropdown and or automatically detect the user's countries currency.

To be clear about this: the goal of showing this symbol of currency doesnt exacly mean money therefore this answer isnt very suited for the question.

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I get the impression from the wording of the question that this isn't for listing a price, but to simply evoke the concept of currency for a button or application. –  TJennings Sep 1 at 6:23
    
But this would show its a price and be correct about it. Since we have no example i have to take assumptions. You wouldnt want a lawsuit about charging you more than you expected –  downrep_nation Sep 1 at 6:26
    
To add upon this,adding like a bubble or something of that sort with multiple money symbols like euro yeng etc etc can explain it tfreview.com/sites/default/files/images/money-globe.main.jpg found an image example similar to the concept –  downrep_nation Sep 1 at 6:29
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@downrep_nation The asker is explicitly not asking for a symbol to denote a price. The question states that the asker is trying to represent the "universal idea of money". There is nothing there about displaying a price. –  recognizer Sep 1 at 16:43
    
@recognizer thats why i commented my suggestion to stay in context –  downrep_nation Sep 1 at 19:27

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