Majors
Most commonly traded currencies are referred to as MAJORS. Below is the list of currency abbreviations which we recommend to memorize.
Majors
|
Abbreviation ( ISO code)
|
|
US Dollar |
USD |
|
Japanese Yen |
JPY |
|
Euro |
EUR |
|
British Pound |
GBP |
|
Canadian Dollar |
CAD |
|
Australian Dollar |
AUD |
|
Swiss Franc |
CHF |
Currency Pair
As a foreign currency trader you have to know the abbreviations of the commonly traded currencies (the Majors). Since you trade one currency for another, the currencies you chose to do business with will be shown in pairs. For example:
Currency Pair
|
Meaning
|
|
USD/JPY |
US Dollar vs the Japanese Yen |
|
EUR/USD |
Euro vs US Dollar |
|
USD/CHF |
US Dollar vs Swiss franc |
|
GBP/USD |
British Pound vs US Dollar |
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