In the customary market for our products product is sold for money. How do things stand in the global currency market in which goods are the money itself? It's simple - Forex trading one currency relative to another, that is a unit of one currency offers a certain number of units of another currency.
Since the exchange of a lot, so as not to confuse them in the international standardization committee has assigned each currency code designation of the three Latin letters. The first two letters identify the country of the currency, the third letter, usually (but not always) the first letter of the currency of that country. For example, the code word JPY first two letters identify the country JP Japan (Japan), and the third letter Y determines the monetary unit of Japan - Yen (Yen).
Since the exchange of a lot, so as not to confuse them in the international standardization committee has assigned each currency code designation of the three Latin letters. The first two letters identify the country of the currency, the third letter, usually (but not always) the first letter of the currency of that country. For example, the code word JPY first two letters identify the country JP Japan (Japan), and the third letter Y determines the monetary unit of Japan - Yen (Yen).
Despite the rapid growth of Forex currency transactions in Euro (EUR), the central currency in world foreign exchange market is still the U.S. dollar (USD). Trading volumes in different currencies on the Forex is not the same. The chart for comparison shows the percentage of transactions of purchase / sale on the main currencies in the global currency market in 2004 (according to the Triennial Review of Central Banks, published by the Swiss bank Bank for International Settlements in April 2007).
The following is a transcript of currency codes represented in the diagram, together with their alternative codes often found in the literature, as well as symbols and synonyms (nickname) at the dealership slang. Synonyms are often used not in relation to most currencies, and with respect to the pair traded currencies, primarily the pair with the U.S. dollar. For example, <>, the Forex is often used in relation to the pair GBP / USD (British pound bought and sold for U.S. dollars).
Currency code Currency Russian English title name for the currency symbol Synonyms at a dealer slang% of transactions in Forex
USD United States Dollar USD $ 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 Franc Fr. swissy 3%
AUD Australian Dollar AUD $ aussie 3%
CAD Canadian Dollar Canadian Dollar C $ loonie, beaver 2%
SEK Swedish Krona SEK kr 1%
HKD Hong Kong Dollar HK $ HK $ 1%
NOK Norwegian Krone Norwegian Krone kr 1%
NZD New Zealand Dollar NZD $ kiwi 1%
MXN Mexican Peso Mexican Peso Mex $ 1%
SGD Singapore Dollar Singapore Dollar S $ 1%
KRW South Korean Won KRW? 1%
ZAR South African Rand South African Rand R 1%
DKK Danish Krone Danish krone kr 1%
RUB (RUR) Russian Ruble RUB Russian Ruble 1%
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 Franc Fr. swissy 3%
AUD Australian Dollar AUD $ aussie 3%
CAD Canadian Dollar Canadian Dollar C $ loonie, beaver 2%
SEK Swedish Krona SEK kr 1%
HKD Hong Kong Dollar HK $ HK $ 1%
NOK Norwegian Krone Norwegian Krone kr 1%
NZD New Zealand Dollar NZD $ kiwi 1%
MXN Mexican Peso Mexican Peso Mex $ 1%
SGD Singapore Dollar Singapore Dollar S $ 1%
KRW South Korean Won KRW? 1%
ZAR South African Rand South African Rand R 1%
DKK Danish Krone Danish krone kr 1%
RUB (RUR) Russian Ruble RUB Russian Ruble 1%
Unfortunately, the Russian ruble (RUB) is currently not a freely convertible currency, so active in Forex trading is not.
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