On our usual market commodity is sold for money. How do things stand on the world currency market, where the goods are the money itself? It's very simple - Forex trading one currency relative to another, that is, per unit single currency offers a certain number of units of another currency.
Since a lot of types of currencies, to avoid confusion in their International Committee for Standardization has assigned each currency code designation of the three Latin letters. The first two letters identify the country of origin of the currency, the third letter, usually (but not always) is the first letter of the monetary unit of the country. For example, in the code designation JPY first two letters JP determine the country of Japan (Japan), and the third letter Y determines the monetary unit of Japan - Yen (Yen).
Despite the rapid growth in the Forex currency transactions in Euros (EUR), the central currency in the world currency market is still the US dollar (USD). Trading volumes in different currencies in Forex are not alike. The chart comparison shows the percentage of transactions of purchase / sale of major currencies on the global foreign exchange market in 2004 (according to a three-year central bank survey published by the Swiss bank Bank for International Settlements in April 2007).
The following is a transcript of currency codes provided in the chart, along with their alternative codes often found in the literature, as well as symbols and synonyms (nickname) at the dealership slang. Synonyms are not often used in relation to the currency itself, but in relation to the pair traded currencies, mainly in tandem with the US dollar. For example, «cable» Forex is often used in relation to the pair GBP / USD (British pound bought and sold for US dollars).
National flag
|
Currency code
|
The English name of the currency
|
Russian name of the currency
|
Symbol
|
Synonyms at the dealership slang
|
% Of transactions in the Forex
|
USD
|
United States Dollar
|
U.S. dollar
|
$
|
green buck, buck
|
45%
| |
EUR
|
Euro
|
Euro
|
€
|
19%
| ||
JPY (YEN)
|
Japanese Yen
|
Japanese yen
|
¥
|
gopher, geppy
|
10%
| |
GBP (STG)
|
Great Britain Pound
|
British Pound
|
£
|
cable
|
8%
| |
CHF (SWF, SFR)
|
Swiss Franc
|
Swiss frank
|
Fr.
|
swissy
|
3%
| |
AUD
|
Australian Dollar
|
Australian dollar
|
$
|
aussie
|
3%
| |
CAD
|
Canadian Dollar
|
Canadian Dollar
|
C $
|
loonie, beaver
|
2%
| |
SEK
|
Swedish Krona
|
Swedish Krona
|
kr
|
1%
| ||
HKD
|
Hong Kong Dollar
|
Hong Kong Dollar
|
HK $
|
1%
| ||
NOK
|
Norwegian Krone
|
Norwegian Krone
|
kr
|
1%
| ||
NZD
|
New Zealand Dollar
|
New Zealand Dollar
|
$
|
kiwi
|
1%
| |
MXN
|
Mexican Peso
|
Mexican Peso
|
Mex $
|
<1%
| ||
SGD
|
Singapore Dollar
|
Singapore Dollar
|
S $
|
<1%
| ||
KRW
|
South Korean Won
|
South Korean won
|
₩
|
<1%
| ||
ZAR
|
South African Rand
|
South African Rand
|
R
|
<1%
| ||
DKK
|
Danish Krone
|
Danish krone
|
kr
|
<1%
| ||
RUB (RUR)
|
Russian Ruble
|
Russian ruble
|
rub
|
<1%
|
0 comments :
Post a Comment