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Trading School For Beginners

Currencies: Names And Symbols

Posted in Trading School
at 2016.04.08
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Currency Names and Symbols

As you may have found, the indications (abbreviations) for all currencies have 3 letters. The first 2 letters symbolize the name of the country and 3rd letter implies the name of that country’s currency.

The Typical Example

As an example, let’s have a look at the USD. The United States represents United States and the D stands Dollar.

The currencies on which the majority of traders focus are called the “majors“. The most thoroughly traded currencies are represented on the grid noted below:

Not to be puzzled with considerable currencies are the considerable currency pairs. The Major Pairs are any currency couple with USD in them. The EUR/USD would be thought of a Major Pair.

Currency Names and Symbols

Currency Names and Nicknames

Cross Pairs

Currency pairs without the USD in them are referred to as Cross Pairs. The EUR/JPY would be an example of a Cross Pair.

To bring this one action a lot more, any EUR pair without the USD in it would be referred to as a Euro Cross. The EUR/JPY would belong to the EURO Cross group. Other member of that group would be EUR/GBP, EUR/CHF, EUR/NZD, EUR/CAD and EUR/AUD.

Other Currency Groups

Other currency groups of this type would be included the JPY crosses, GBP crosses, AUD crosses, NZD crosses and the CHF crosses.

Not to be puzzled with considerable currencies are the substantial currency pairs. The Major Pairs are any currency couple with USD in them. Not to be puzzled with considerable currencies are the considerable currency pairs. The Major Pairs are any currency pair with USD in them.

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