We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

Free Trading Guides
EUR/USD
Bullish
GBP/USD
Bullish
USD/JPY
Bullish
Gold
Bullish
Oil - US Crude
Mixed
Bitcoin
Bearish
More View more
Notice

DailyFX PLUS Content Now Available Freely to all DailyFX Users

Real Time News
  • The Turkish Lira (via $USDTRY ) has the most significant 5-day correlation with bitcoin prices among emerging market FX, currently at -0.94.Get your market update from @CVecchioFX here: https://t.co/tn48ww6Ttb https://t.co/bcAxDQp44B
  • $GBPUSD Daily Pivot Points: S3: 1.2274 S2: 1.2354 S1: 1.239 R1: 1.2471 R2: 1.2516 R3: 1.2597 https://www.dailyfx.com/pivot-points?ref=SubNav?utm_source=Twitter&utm_medium=DFXGeneric&utm_campaign=twr
  • Forex Update: As of 20:00, these are your best and worst performers based on the London trading schedule: 🇪🇺EUR: 0.63% 🇬🇧GBP: 0.56% 🇳🇿NZD: 0.22% 🇦🇺AUD: 0.00% 🇨🇦CAD: -0.03% 🇨🇭CHF: -0.03% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/5bHRLeCXru
  • $CL_F $USO #OOTT https://t.co/mxxcRdPHcL
  • Greed has proven to be a hindrance more than assistance for traders. How does greed lead to #FOMOintrading? Find out from @RichardSnowFX here: https://t.co/ciezHCrgwm https://t.co/RjUc2YOLQk
  • Commodities Update: As of 20:00, these are your best and worst performers based on the London trading schedule: Silver: 0.92% Gold: 0.19% Oil - US Crude: -0.96% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/tNZVRWuqxa
  • $USDJPY Daily Pivot Points: S3: 106.99 S2: 107.49 S1: 107.8 R1: 108.3 R2: 108.49 R3: 108.99 https://www.dailyfx.com/pivot-points?ref=SubNav?utm_source=Twitter&utm_medium=DFXGeneric&utm_campaign=twr
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.87%, while traders in France 40 are at opposite extremes with 81.79%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/oMqXKRmxpn
  • $EURUSD Daily Pivot Points: S3: 1.0847 S2: 1.0936 S1: 1.0969 R1: 1.1058 R2: 1.1115 R3: 1.1204 https://www.dailyfx.com/pivot-points?ref=SubNav?utm_source=Twitter&utm_medium=DFXGeneric&utm_campaign=twr
  • US Equities Update (Tuesday Close): $DJI +0.11% $SPX +0.25% $NDX +0.46% $RTY -0.38% $VIX -1.70%
Currency Names and Symbols

Currency Names and Symbols

2012-02-24 03:24:00
Richard Krivo, Trading Instructor
Share:

As you may have noticed, the symbols (abbreviations) for all currencies have three letters. The first two letters denote the name of the country and third letter stands for the name of that country’s currency.

As an example, let’s look at the USD. The US stands for United States and the D stands Dollar.

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

Currency Names and Symbols

Not to be confused with major currencies are the major currency pairs. The Major Pairs are any currency pair with USD in them. For example, the EURUSD would be considered a Major Pair.

Currency Names and Symbols

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

Currency Names and Symbols

To carry this one step further, any EUR pair without the USD in it would be referred to as a Euro Cross. So the EURJPY would be a member of the EURO Cross group. Other member of that group would be EURGBP, EURCHF, EURNZD, EURCAD and EURAUD.

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

Next: Understanding The Forex Majors (12 of 48)

Previous: Reading a Forex Quote

provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES

News & Analysis at your fingertips.