What we trade in Forex Market?

Posted by: | Posted on 4:44:00 PM | Post Categories
What we trade in Forex Market?

In forex market we have to trade various types of currencies and commodities. When we buy a currency we are buying share of a country like buying share of a company. The value of the currency depends on the present & future economic condition of that country.
When we buy US Dollar (USD) means buying share of American Economy, we expect profit when we sell those share.

Generally currency exchange rate represents the financial situation between  two countries.


Currency sign has three letters. When 1st two letters indicate name of the countries & the last one indicate currency name of that country.

Example: For United States “USD” US for United States and D for Dollar. For New Zealand “NZD” NZ for New Zealand & D for Dollar.

List of Currencies:

CountryCodeSymbolCurrency\CountryCodeSymbolCurrency
AfghanistanAFNAFNAfghanistani Afghani\LithuaniaLTLLtLithuanian Litas
Aland IslandsEUREuropean Euro\LuxembourgEUREuropean Euro
AlbaniaALLALLAlbanian Lek\MacauMOPMO$Macanese Pataca
AlgeriaDZDدجAlgerian Dinar\MacedoniaMKDMKDMacedonian Denar
AndorraEUREuropean Euro\MadagascarMGAMGAMalagasy Ariary
AngolaAOAKzAngolan Kwanza\MalawiMWKMKMalawian Kwacha
AnguillaXCDEC$East Caribbean Dollar\MalaysiaMYRRMMalaysian Ringgit
Antigua & BarbudaXCDEC$East Caribbean Dollar\MaldivesMVRMRfMaldives Rufiyaa
ArgentinaARSAR$Argentine Peso\MaliXOFfrancWest African CFA
ArmeniaAMDդրArmenian Dram\MaltaMTLLmMaltese Lira
ArubaAWGƒAruban Florin\Marshall IslandsUSDUS$United States Dollar
AustraliaAUDAU$Australian Dollar\MartiniqueEUREuropean Euro
AustriaEUREuropean Euro\MauritaniaMROUMMauritanian Ouguiya
AzerbaijanAZNманAzerbaijani Manat\MauritiusMURMU₨Mauritian Rupee
BahamasBSDBS$Bahamian Dollar\MayotteEUREuropean Euro
BahrainBHDب.دBahraini Dinar\MexicoMXNMex$Mexican Peso
BangladeshBDTBangladeshi Taka\MicronesiaUSDUS$United States Dollar
BarbadosBBDBds$Barbados Dollar\MoldovaMDLMDLMoldovan Leu
BelarusBYRBrBelarusian Ruble\MonacoEUREuropean Euro
BelgiumEUREuropean Euro\MongoliaMNTMongolian Tugrik
BelizeBZDBZ$Belize Dollar\MontenegroEUREuropean Euro
BeninXOFfrancWest African CFA\MontserratXCDEC$East Caribbean Dollar
BermudaBMDBD$Bermuda Dollar\MoroccoMADد.مMoroccan Dirham
BhutanBTNNuBhutanese Ngultrum\MozambiqueMZNMTnMozambican Metical
BoliviaBOBBsBolivian Boliviano\Myanmar (Burma)MMKKMyanmar Kyat
Bosnia & HerzegovinaBAMKMBosnia-Herzegovina Convertible Mark\NamibiaNADN$Namibian Dollar
BotswanaBWPPBotswana Pula\NauruAUDAU$Australian Dollar
BrazilBRLR$Brazilian Real\NepalNPRNP₨Nepalese Rupee
BruneiBNDB$Brunei Dollar\NetherlandsEUREuropean Euro
BulgariaBGNлвBulgarian Lev\Netherlands AntillesANGNAƒNetherlands Antillean Gulden
Burkina FasoXOFfrancWest African CFA\New CaledoniaXPFCFPFrench Pacific Franc
BurundiBIFFBuBurundian Franc\New ZealandNZDNZ$New Zealand Dollar
CambodiaKHRCambodian Riel\NicaraguaNIOC$Nicaraguan Córdoba
CameroonXAFfrancCentral African CFA\NigerXOFfrancWest African CFA
CanadaCADCA$Canadian Dollar\NigeriaNGNNigerian Naira
Cape VerdeCVECV$Cape Verde Escudo\NiueNZDNZ$New Zealand Dollar
Cayman IslandsKYDCI$Cayman Islands Dollar\Norfolk IslandAUDAU$Australian Dollar
Central African RepublicXAFfrancCentral African CFA\Northern Mariana IslandsUSDUS$United States Dollar
ChadXAFfrancCentral African CFA\NorwayNOKøreNorwegian Krone
ChileCLPCL$Chilean Peso\OmanOMRر.عOmani Rial
ChinaCNYCN¥Chinese Yuan Renminbi\PakistanPKRPKRsPakistan Rupee
Christmas IslandAUDAU$Australian Dollar\PalauUSDUS$United States Dollar
Cocos (Keeling) IslandsAUDAU$Australian Dollar\PalestineJODJDJordanian Dinar
ColombiaCOPCol$Colombian Peso\PanamaPABPABPanamanian Balboa
ComorosKMFKMFComorian Franc\Papua New GuineaPGKKPapua New Guinea Kina
Congo (Dem. Rep.)CDFCDFrCongolese franc\ParaguayPYGParaguay Guarani
Congo (Rep.)XAFfrancCentral African CFA\PeruPENS./Peruvian Nuevo Sol
Cook IslandsNZDNZ$New Zealand Dollar\PhilippinesPHPPhilippine Peso
Costa RicaCRCCosta Rican Colon\Pitcairn IslandsNZDNZ$New Zealand Dollar
Cote d'IvoireXOFfrancWest African CFA\PolandPLNPolish Zloty
Croatia (Hrvatska)HRKHRKCroatian Kuna\PortugalEUREuropean Euro
CubaCUCCU$Cuban Convertible Peso\Puerto RicoUSDUS$United States Dollar
CyprusCYPCY£Cypriot Pound\QatarQARر.قQatari Riyal
Czech RepublicCZKCzech Koruna\ReunionEUREuropean Euro
DenmarkDKKøDanish Krone\RomaniaRONROLRomanian Leu
DjiboutiDJFFdjDjiboutian Franc\RussiaRUBRUрубRussian Ruble
DominicaXCDEC$East Caribbean Dollar\RwandaRWFRFRwandan Franc
Dominican RepublicDOPRD$Dominican Peso\St HelenaSHPSH£St Helena Pound
EcuadorUSDUS$United States Dollar\St Kitts & NevisXCDEC$East Caribbean Dollar
EgyptEGPج.مEgyptian Pound\St LuciaXCDEC$East Caribbean Dollar
El SalvadorUSDUS$United States Dollar\St Pierre & MiquelonEUREuropean Euro
Equatorial GuineaXAFfrancCentral African CFA\St Vincent & GrenadinesXCDEC$East Caribbean Dollar
EritreaERNNfkEritrean Nakfa\SamoaWSTWS$Samoan Tala
EstoniaEEKKREstonian Kroon\Samoa (American)USDUS$United States Dollar
EthiopiaETBBrEthiopian Birr\San MarinoEUREuropean Euro
Faeroe IslandsDKKøDanish Krone\Sao Tome & PrincipeSTDDbSao Tome Dobra
Falkland Islands (Malvinas)FKPFK£Falkland pound\Saudi ArabiaSARر.سSaudi Arabian Riyal
FijiFJDFJ$Fiji Dollar\SenegalXOFfrancWest African CFA
FinlandEUREuropean Euro\SerbiaRSDдинSerbian Dinar
FranceEUREuropean Euro\SeychellesSCRSReSeychelles Rupee
French GuianaEUREuropean Euro\Sierra LeoneSLLLeSierra Leonean Leone
French PolynesiaXPFCFPFrench Pacific Franc\SingaporeSGDS$Singapore Dollar
TAAFEUREuropean Euro\SlovakiaSKKSkSlovak Koruna
GabonXAFfrancCentral African CFA\SloveniaEUREuropean Euro
GambiaGMDDGambian Dalasi\Solomon IslandsSBDSI$Solomon Islands Dollar
GeorgiaGELGELGeorgian Lari\SomaliaSOSShSomali Shilling
GermanyEUREuropean Euro\South AfricaZARSARSouth African Rand
GhanaGHCGhanaian Cedi\South Georgia IslandsGBPUK£United Kingdom Pound Sterling
GibraltarGIPGI£Gibraltar Pound\SpainEUREuropean Euro
GreeceEUREuropean Euro\Sri LankaLKRLK₨Sri Lankan Rupee
GreenlandDKKøDanish Krone\SudanSDD£SdSudanese Dinar
GrenadaXCDEC$East Caribbean Dollar\SurinameSRDSR$Suriname Dollar
GuadeloupeEUREuropean Euro\Svalbard & Jan MayenNOKøreNorwegian Krone
GuamUSDUS$United States Dollar\SwazilandSZLSZLSwazi Lilangeni
GuatemalaGTQQGuatemalan Quetzal\SwedenSEKkrSwedish Krona
GuineaGNFFGGuinean Franc\SwitzerlandCHFCHFSwiss Franc
Guinea-BissauXOFfrancWest African CFA\SyriaSYPSyrian Pound
GuyanaGYDGY$Guyanese Dollar\TaiwanTWDNT$New Taiwan Dollar
HaitiHTGGHaitian Gourde\TajikistanTJSTJSTajikistan Somoni
HondurasHNLLHonduran Lempira\TanzaniaTZSTShTanzanian Shilling
Hong KongHKDHK$Hong Kong Dollar\ThailandTHB฿Thai Baht
HungaryHUFFtHungarian Forint\Timor-LesteUSDUS$United States Dollar
IcelandISKISKIcelandic Krona\TogoXOFfrancWest African CFA
IndiaINRIN₨Indian Rupee\TokelauNZDNZ$New Zealand Dollar
IndonesiaIDRRpIndonesian Rupiah\TongaTOPPT$Tongan Pa'Anga
IranIRRريالIranian Rial\Trinidad & TobagoTTDTT$Trinidad and Tobago Dollar
IraqIQDع.دIraqi Dinar\TunisiaTNDد.تTunisian Dinar
IrelandEUREuropean Euro\TurkeyTRYYTLTurkish New Lira
Isle of ManGBPUK£United Kingdom Pound Sterling\TurkmenistanTMMmTurkmenistani Manat
IsraelILSIsraeli New Sheqel\Turks & Caicos IslandsUSDUS$United States Dollar
ItalyEUREuropean Euro\TuvaluAUDAU$Australian Dollar
JamaicaJMDJA$Jamaican Dollar\UgandaUGXUShUgandan Shilling
JapanJPYJP¥Japanese Yen\UkraineUAHUkrainian Hryvnia
JerseyGBPUK£United Kingdom Pound Sterling\United Arab EmiratesAEDد.إUnited Arab Emirates Dirham
JordanJODJDJordanian Dinar\UKGBPUK£United Kingdom Pound Sterling
KazakhstanKZTKZTKazakhstani Tenge\USAUSDUS$United States Dollar
KenyaKESKShKenyan Shilling\UruguayUYUUR$Uruguayan peso
KiribatiAUDAU$Australian Dollar\UzbekistanUZSUZSUzbekistani Som
Korea, NorthKPWNorth Korean Won\VanuatuVUVVtVanuatu Vatu
Korea, SouthKRWKorean Won\Vatican CityEUREuropean Euro
KuwaitKWDد.كKuwaiti Dinar\VenezuelaVEBBsVenezuelan Bolivar
KyrgyzstanKGSKGSKyrgyzstani Som\VietnamVNDViet Nam Dong
LaosLAKLao Kip\Virgin Islands, BritishUSDUS$United States Dollar
LatviaLVLLsLatvian Lats\Virgin Islands, United StatesUSDUS$United States Dollar
LebanonLBPل.لLebanese Pound\Wallis & FutunaXPFCFPFrench Pacific Franc
LesothoLSLLLesotho Loti\YemenYERYERYemeni Rial
LiberiaLRDL$Liberian Dollar\ZambiaZMKZKZambian Kwacha
LibyaLYDل.دLibyan Dinar\ZimbabweZWDZ$Zimbabwean Dollar
LiechtensteinCHFCHFSwiss Franc\ZimbabweZWDZ$Zimbabwean Dollar


 

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