Most
traded currencies in the world
This
is a list of the most popularly traded and circulated currencies in
the world.
This currency is among
the world’s dominant reserve currencies and is most used in
international transactions. Abbreviated as US$, United States dollar
is the official currency of the United States of America. It is
divided into 100 smaller units called cents and Greenback is the
nickname of the currency.
This is the second
most traded currency in the world. The euro was introduced to world
financial markets as an accounting currency on 1 January 1999
replacing the European Currency Unit. It is the official currency of
the eurozone and is recognized with the symbol €.
The Japanese yen is
the official currency of Japan. It is also widely used as a reserve
currency after the U.S. dollar and the euro. The government began
issuing the yen banknotes in 1872, two years after the currency was
introduced. ¥ is the currency sign of the Japanese yen.
A common slang term
for this currency is quid. Commonly known as pound, the pound
sterling is the official currency the United Kingdom and the crown
dependencies. The Bank of England issued the first sterling notes
shortly after it was founded in 1694. It is recognized with the
symbol £.
The currency of the
Commonwealth of Australia is the Australian dollar. It is recognized
worldwide with the code AUD and the symbol $. The first paper notes
of Australian dollar were issued in 1966 and foreign exchange traders
popularly refer to the currency as the Aussie.
The Swiss Franc is the
official currency of Switzerland and Liechtenstein. The Swiss Bank
took over the issuance of bank notes from the cantons and various
banks. The Swiss franc is the only version of the franc still issued
in Europe and has the symbol Fr.
The currency is
abbreviated as C$ to distinguish it from the other dominated
currencies. The Canadian dollar is the official currency of Canada.
The Canadian dollar is considered to be one of the benchmark
currencies and also popularly traded across the world.
The Hong Kong dollar
is the eighth most traded currency in the world. It is respected as
the official currency of Hong Kong. It is commonly identified with
the code HKD or $HK. Issuance of the Hong Kong dollar notes is
governed by the Hong Kong Monetary Authority.
Sweden
has had krona as its currency since 1873. As krona means crown in
Swedish, the currency is commonly referred to as the Swedish crown.
The plural of the currency is kronor and is recognized with the
symbol kr internationally.
New
Zealand dollar is the official currency of New Zealand and is
normally written as NZ$ to differentiate it from other dollar
denominated currencies. The currency was introduced in 1967 and is
informally called the kiwi.
The
official currency of South Korea is the won and has the symbol ₩.
The Bank of Joseon introduced 10 and 100 won notes in 1946. The
currency is derived from a Chinese character which means round shape.
The current won is written in hangul only.
Acknowledged
with the sign $ and code SGD, Singapore dollar is the official
currency of Singapore and is alternatively distinguished as S$ from
other dollar denominated currencies. The first series of coins were
introduced in 1967.
The krone
is accepted as the official currency of Norway and its depending
territories. The name of the currency translates to crown in English
and its common local abbreviation is kr. Norges Bank introduced the
paper notes in 1877.
The peso
is the currency of Mexico and has $ or Mex$ as its symbol. Peso when
translated in English means weight. In 1823, the Mexican State
produced the first bank notes. Other than U.S., Guatemalan and
Belizean border towns, the currency is not accepted outside Mexico.
The
Indian rupee is the official currency of India. The Reserve Bank of
India monitors the issuance of the currency and the Indian rupee is
recognized with the symbol . The Indian rupee symbol was officially
adopted in 2010.
