Currency Codes
Table of Contents:
- What are currency codes?
- What is a three letter currency code?
- Are all currency codes three letters?
- Why are currency codes used?
What are currency codes?
Currency codes or ISO currency codes are three-letter sequence codes representing the world's currencies.
The International Organisation for Standardisation issues currency codes in a list called ISO 4217:
What is a 3 letter currency code?
The vast majority of ISO currency codes contain two characters relating to the country and a third character relating to the monetary unit.
Examples of ISO 4217 code:
- USA is 'USD' - US for United States and D for Dollar
- CAD – CA for Canada and D for Dollar
- GBP – GB for Great Britian and P for Pounds
Are all currency codes three letters?
Yes all 249 ISO currency codes consist of three letters.
Why are currency codes used?
In the foreign exchange market, these codes allow traders to avoid the potential confusion caused by names designating more than one currency, such as the dollar, the peso, the pound or the crown.
Related terms:
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