Forex Currency Symbols and Pairs Explained
Euro Symbol : Forex Currency Symbols and Pairs Explained
 

Forex Currency Symbols and Pairs Explained
By Tracy Austin                                   

4/28/2011 11:57:10 PM

 

Forex Currency Trading Online 

 

 


When first learning about trading currency on the Forex, it's not unusual for your head to spin. Like learning anything new, there is a period of total confusion followed by a little clarity followed by your first glimmer of all the bits of information beginning to come together. To assist you in your learning, I've compiled a list of the symbols of the most-traded currencies. The symbol is first, followed by the country and lastly the common name and nickname of the particular currency. These countries' currencies are involved in the highest number of transactions processed on the FX each day.



When first learning about trading currency on the Forex, it's not unusual for your head to spin. Like learning anything new, there is a period of total confusion followed by a little clarity followed by your first glimmer of all the bits of information beginning to come together. To assist you in your learning, I've compiled a list of the symbols of the most-traded currencies. The symbol is first, followed by the country and lastly the common name and nickname of the particular currency. These countries' currencies are involved in the highest number of transactions processed on the FX each day.

Each Forex currency symbol has three letters. The first two describe the country and the third the name of that particular country's currency. The base currency is in the first position of a pair. You could also see it called the accounting, domestic or the primary currency. The second in the pair is called the quote or counter currency. The quote currency is the quantity of that currency that is required to purchase a single unit of the base currency.

 


 
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