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List of Symbols for Foreign Exchange – Currency Trading
Foreign exchange (forex or FX) trading includes purchasing and selling currencies in pairs. The International Organization for Standardization (ISO 4217) assigns each currency a unique three-letter code. The first two letters often signify the nation, with the third letter representing the currency name. List of Symbols for Foreign Exchange – Currency Trading
Forex trading usually uses two currencies: a base currency (the first in the pair) and a quote currency (the second). The currency symbol for each pair reflects the amount of the quote currency required to purchase one unit of the base currency.
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The Major Currency Pairs – List of Symbols for Foreign Exchange – Currency Trading
These pairings contain the world’s most traded currencies, all of which include the US Dollar (USD). They usually have strong liquidity and narrow spreads.
| Symbol | Pair Name | Currency Involved | | ———- | ————- | ——————————– | | EUR/USD | Euro-Dollar | Euro / U.S. Dollar | | USD/JPY | Dollar-Yen | U.S. Dollar / Japanese Yen | | GBP/USD | Pound-Dollar | British Pound / U.S. Dollar | | USD/CHF | Dollar-Swiss | U.S. Dollar / Swiss Franc |
Cross Currency Pairs (Crosses)
These combinations do not contain the US dollar and are often used to diversify forex holdings.
| Symbol | Pair Name | Currency Involved | | ———- | ————- | —————————— | | EUR/GBP | Euro-Pound | Euro / British Pound | | EUR/JPY | Euro-Yen | Euro / Japanese Yen | | GBP/JPY | Pound-Yen | British Pound / Japanese Yen | | CHF/JPY
Exotic Currency Pairs
These partnerships combine a major currency with the currency of a developing or smaller economy. They often have reduced liquidity and increased volatility.
| Symbol | Pair Name | Currency Involved | | ———- | ———————- | ——————————– | | USD/SGD | Dollar-Singapore | U.S. Dollar / Singapore Dollar | | USD/HKD | Dollar-Hong Kong | U.S. Dollar / Hong Kong Dollar | | USD/SEK | Dollar-Swedish Krona | U.S. Dollar / Swedish Krona | | USD/NOK | The following currency pairs are available: USD/Norwegian Krone, USD/DKK, USD/ZAR, USD/TRY, and USD/DKK.
Most Common Currency Symbols and Countries – List of Symbols for Foreign Exchange – Currency Trading
Here’s a quick reference for the most frequently traded currencies:
| Currency Code | Currency Name | Region/Country | | —————– | —————— | ———————– | | USD | U.S. Dollar | United States | | EUR | Euro | Eurozone (19 countries) | | JPY | Japanese Yen | Japan | | GBP | British Pound | United Kingdom | | CHF | Swiss Franc | Switzerland | | AUD | Australian Dollar | Australia | | CAD | Canadian Dollar | Canada | | NZD | New Zealand Dollar | New Zealand | | SEK | Swedish Krona | Sweden | | NOK | Norwegian Krone | Norway | | SGD | Singapore Dollar | Singapore | | HKD | Hong Kong Dollar | Hong Kong | | TRY | Turkish Lira | Turkey | | ZAR | South African Rand | South Africa | | RUB | Russian Ruble | Russia | | MXN | Mexican Peso | Mexico | | THB | Thai Baht | Thailand | | DKK | Danish Krone | Denmark |
Explaining Forex Symbols and Quotes
When viewing a forex quotation, the base currency appears first, followed by the quote currency.
For example:
- EUR/USD = 1.1200 signifies that one euro is worth 1.12 US dollars.
- USD/JPY = 145.50 indicates that one US dollar equals 145.50 Japanese yen.
If the price of the pair rises, it indicates that the base currency is strengthening compared to the quote currency. If it falls, the base currency is weakening.
Tips for Beginners – List of Symbols for Foreign Exchange – Currency Trading
- Begin with Major Pairs, which are the most liquid and stable.
- Understand Currency Behavior: Some currencies, such as the US dollar and the Swiss franc, are safe havens, whilst others are volatile.
- Use a Demo Account: Practice with forex symbols in a risk-free environment.
- Follow Economic News: Currency prices are influenced by interest rates, inflation, political stability, and economic indicators.
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Final Thoughts
Understanding currency symbols and how they are matched is critical for effective forex trading. Understanding the symbols of majors, crosses, and exotics allows you to better evaluate market movements, study charts, and make trading choices. Forex trading may be very profitable, but it takes a strong foundation—beginning with learning the symbols.