Home » Currency Code

Currency Code

« Back to Glossary Index

A Currency code is a three-letter abbreviation that identifies a country’s currency. The International Organization for Standardization publishes currency codes in a list referred to as ISO 4217.

The vast majority of these codes contain two characters referring to the country and a third character related to the currency unit.

For example, the ISO 4217 code for the pound sterling is “GBP” the two first characters refer to Great Britain (GB) and the third one to the pound (P).

In the foreign exchange market, these codes allow traders to eliminate potential confusion caused by names designating more of one currency such as with dollar, peso, pound, or krona.

Related
Parabolic

Parabolic describes a market that moves a great distance in a very short period of time, frequently moving in an accelerating Read more

Bitcoin Block

Blocks are data structures within the blockchain database, where transaction data in a cryptocurrency blockchain are permanently recorded. A block records Read more

Monetary Policy

Monetary policy refers to the actions taken by a nation’s central bank to influence the availability and cost of money and credit to Read more

XM Bonus