What are the Abbreviations and Nicknames of Currencies?

 In order to be able to trade on the Forex market, hundreds of products such as commodities such as currency pairs, gold, oil, and foreign stocks like vodafone, bmw are used on all world stock exchanges. Each of these products, which are processed by the institutions through their own special platforms, have their own names and codes. Thanks to these codes, the products are recognized and easily remembered.

   If you want to find, what are abbreviations for international currencies, and what are the aliases of the most commonly used currencies, you can read our text.

   Currency types are referred to by various symbols. These symbols are followed by names and abbreviations. In many articles and analyzes you read, you can see these abbreviations and nicknames. If you say that, 'I do not understand what abbreviations are used in market text.i want to use the nickname in the same way', you might want to look at the table below.

 Click here to open an account and start forex trading immediately.

• The first two letters of the three-letter abbreviation that we see in the symbols usually identify the country of that currency, while the last letter represents the currency of that country.
• Nicknames are mostly used among the public. They are made up of easy-to-remember names that are often used due to speech or writing habits.

    

Let's take a look at the abbreviations and nicknames of the most used products in the Forex market;

Parities; Measures the value of two currency pairs. If we look at the parities as symbols, the two foreign currencies are written next to each other and the meaning of the left most currency is to measure the value against the right.

For example;

EURUSD- The value of the euron against to the dollar,

USDTL- The value of the dollar against to the Turkish lira, 

GBPJPY - The value of the British pound against the Japanese yen is mention and interpret in this way by on the market.

The shape of readings are;

EURUSD- Euro dollar

GBPUSD- Pound dollar

USDJPY - Dollar yen

GBPJPY – Pound yen

 Click here to open an account and start forex trading immediately.