Thursday, September 20, 2012

Introduction to forex,,,,,part 2,,,





Euro Crosses



  1.     EUR/CHF - Euro/Swiss franc
  2.     EUR/JPY - Euro/Japanese yen
  3.     EUR/GBP - Euro/British pound
  4.     EUR/CAD - Euro/Canadian dollar
  5.     EUR/AUD - Euro/Australian dollar
  6.     EUR/NZD - Euro/New Zealand dollar


Currency Pairs


Currency pairs and currencies are often referred to by nicknames by traders rather than their symbolic nomenclature. These are some common examples:
Currencies
Currency                                                                    Nickname
    • Australian dollar (AUD)                                        Aussie
    • British pound (GBP)                                             Cable / Sterling
    • Canadian dollar (CAD)                                         Loonie
    • New Zealand dollar (NZD)                                        Kiwi
    • Swiss franc (CHF)                                                 Swissy
    • U.S. dollar (USD)                                                   Buck / Greenback
      
Currency Pairs


Currency                                                                                           Nickname
  1. GBP/USD           (British Pound/US Dollar)                                        Cable
  2. EUR/USD (Euro/US Dollar)                                                                      Euro or Fiber
  3. USD/CHF (Swiss Franc/US Dollar)                                                       Swissy
  4. USD/CAD (US Dollar/ Canadian Dollar)                                                        Loonie
  5. AUD/USD (Australian Dollar/US Dollar)                                                        Ozzie
  6. EUR/GBP (Euro/British Pound)                                                        Chunnel
  7. USD/JPY (US Dollar/Japanese Yen)                                                        Yen
*Table taken from Wikipedia (latest data can be obtained from the Triennial Central Bank Survey of Foreign Exchange and Derivatives Market Activity,
http://www.bis.org/publ/rpfxf10t.pdf)
Most traded currencies by value
Currency distribution of global foreign exchange market turnover[1]
Rank    Currency    ISO 4217      code    Symbol    daily share (%)
1    United States dollar         USD     $                       84.9%
2    Euro                        EUR     €                       39.1%
3    Japanese yen         JPY     ¥                       19.0%
4    Pound sterling         GBP     £                       12.9%
5    Australian dollar         AUD     $                       7.6%
6    Swiss franc         CHF     Fr                       6.4%
7    Canadian dollar         CAD     $                       5.3%
8    Hong Kong dollar         HKD     $                       2.4%
9    Swedish krona         SEK     kr                       2.2%
10    New Zealand dollar         NZD     $                       1.6%
11    South Korean won         KRW     ?                       1.5%
12    Singapore dollar         SGD     $                       1.4%
13    Norwegian krone         NOK     kr                       1.3%
14    Mexican peso         MXN     $                       1.3%
15    Indian rupee         INR     $                        0.9%
16    Other                                              12.2%
                                                         total    ............200%

The ISO Code of the most known currencies:

  1.     AUD - Australian dollar
  2.     BRL - Brazilian real
  3.     CAD - Canadian dollar
  4.     CHF - Swiss Franc
  5.     CNY - Chinese Yuan
  6.     DKK - Danish krone
  7.     EUR - Euro
  8.     GBP - British Pound
  9.     HKD - Hong Kong dollar
  10.     HUF - Hungarian forint
  11.     IDR - Indonesian rupiah
  12.     ILS - Israeli new sheqel
  13.     INR - Indian rupee
  14.     JPY - Japanese yen
  15.     MXN - Mexican peso
  16.     MYR - Malaysian ringgit
  17.     NOK - Norvegian krone
  18.     NZD - New Zealand dollar
  19.     PKR - Pakistani rupee
  20.     PLN - Polish zloty
  21.     RON - Romanian new leu
  22.     RUB - Russian rouble
  23.     SEK - Swedish krona
  24.     SGD - Singapore dollar
  25.     TRY - Turkish lira
  26.     USD - United States dollar
  27.     ZAR - South African rand

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