US Dollar –the world’s main currency – a universal measure
to evaluate any other currency traded on Forex. As it was indicated, The
U.S. dollar uses the decimal system, consisting of 100 (equal) cents (symbol
˘). All currencies are generally quoted in US dollar terms. Under conditions
of international economic and political unrest, the US dollar is the main
safe-haven currency, which was proven particularly well during the Southeast
Asian crisis of 1997-1998.
Euro – (currency sign: €; banking code: EUR) the official currency of the
twelve European Union member states; collectively also known as the
Eurozone. It is the single currency for over 300 million Europeans.The euro
was introduced to world financial markets as an accounting currency in 1999
and launched as physical coins and banknotes in 2002.
Japanese Yen –the third most traded currency in the world; it has a much
smaller international presence than the US dollar or the Euro. The Yen is
very liquid around the world, practically around the clock.
British Pound – Until the end of the World War II, the Pound was the
currency of reference. The currency is heavily traded against the Euro and
the US dollar, but has a spotty presence against the other currencies. Prior
to the introduction of the Euro, both the Pound benefited from any doubts
about the currency convergence.
Swiss Franc – The Swiss Franc is the only currency of a major European
country that belongs neither to the European Monetary Union nor the G-7
countries.
Canadian Dollar - (currency code CAD) has been the currency of Canada since
1858. It is divided into 100 cents.It is abbreviated with the dollar sign $,
or C$ to be different from other currency with the same name(dollar).
Australian Dollar - (currency code AUD) Divided to 100 cent was introduced
in February 14, 1966, not only replacing the Australian Pound but also
introducing a decimal system. It is normally abbreviated with the dollar
sign $, A$ or $AU to distinguish it from other dollar-denominated
currencies.
