NATIONAL CURRENCIES
As of 2021, according to Investopedia, the most popular currencies for trading are the following: US Dollar (USD), Euro (EUR), Japanese Yen (JPY), Great British Pound (GBP), Australian Dollar (AUD), and Canadian Dollar (CAD). The currency depends on the country you are living in. So, if I am from the Philippines, my country’s currency is obviously Philippine Peso (PHP).
There are 165 official currencies circulating around the world. If we are going to look at the numbers, there are 195 independent countries and about 60 dependent countries in the world, and some of them do not use their own money and currency.
ISO-4217
If your brows are furrowed right now because of ISO-4217, this is an alpha and numeric codes for currency representation issued by the International Organization for Standardization (ISO). In ISO-4217, currencies are written in three digits or three letters (numerically and alphabetically).
For instance, in Alpha representation, US Dollar is US+D=USD, Japanese Yen is JP+Y=JPY, and Philippine Peso is PH+P=PHP. On the other side, when currency codes must be understood in nations that do not use Latin scripts (AKA Roman scripts, an alphabetic writing system based on the letters) or for computerized systems, the three-digit numeric code is useful.
FACTORS INFLUENCING THE EXCHANGE RATES
Note that exchange rates are not stable and continuously moving depending on several factors. According to the updated report of Investopedia in May 2022, there are 6 major forces that drive the exchange rates movement which include Inflation, Interest Rates, Account Deficits, Public Debt, Terms of Trade and Strong Academic Performance.
If you want to be familiarized with the several circulating currencies, below are the lists of countries with their currencies and ISO-4217, respectively.
A
- Afghanistan
Afghan Afghani
AFN - Akrotiri and Dhekelia (UK)
European Euro
EUR - Aland Islands (Finland)
European Euro
EUR - Albania
Albanian Lek
ALL - Algeria
Algerian Dinar
DZD - American Samoa (USA)
United States Dollar
USD - Andorra
European Euro
EUR - Angola
Angolan Kwanza
AOA - Anguilla (UK)
East Caribbean Dollar
XCD - Antigua and Barbuda
East Caribbean Dollar
XCD - Argentina
Argentine Peso
ARS - Armenia
Armenian Dram
AMD - Aruba (Netherlands)
Aruban Florin
AWG - Ascension Island (UK)
Saint Helena Pound
SHP - Australia
Australian Dollar
AUD - Austria
European Euro
EUR - Azerbaijan
Azerbaijan Manat
AZN
B
- Bahamas
Bahamian Dollar
BSD - Bahrain
Bahraini Dinar
BHD - Bangladesh
Bangladeshi Taka
BDT - Barbados
Barbadian Dollar
BBD - Belarus
Belarusian Ruble
BYN - Belgium
European Euro
EUR - Belize
Belize Dollar
BZD - Benin
West African CFA Franc
XOF - Bermuda (UK)
Bermudian Dollar
BMD - Bhutan
Bhutanese Ngultrum
BTN - Bolivia
Bolivian Boliviano
BOB - Bonaire (Netherlands)
United States Dollar
USD - Bosnia and Herzegovina
Bosnia and Herzegovina Convertible Mark
BAM - Botswana
Botswana Pula
BWP - Brazil
Brazilian Real
BRL - British Indian Ocean Territory (UK)
United States Dollar
USD - British Virgin Islands (UK)
United States Dollar
USD - Brunei
Brunei Dollar
BND - Bulgaria
Bulgarian Lev
BGN - Burkina Faso
West African CFA Franc
XOF - Burundi
Burundi Franc
BIF
C
- Cabo Verde
Cabo Verdean Escudo
CVE - Cambodia
Cambodian Riel
KHR - Cameroon
Central African CFA Franc
XAF - Canada
Canadian Dollar
CAD - Caribbean Netherlands (Netherlands)
United States Dollar
USD - Cayman Islands (UK)
Cayman Islands Dollar
KYD - Central African Republic
Central African CFA Franc
XAF - Chad
Central African CFA Franc
XAF - Chatham Islands (New Zealand)
New Zealand Dollar
NZD - Chile
Chilean Peso
CLP - China
Chinese Yuan Renminbi
CNY - Christmas Island (Australia)
Australian Dollar
AUD - Cocos (Keeling) Islands (Australia)
Australian Dollar
AUD - Colombia
Colombian Peso
COP - Comoros
Comorian Franc
KMF - Congo, Democratic Republic of the
Congolese Franc
CDF - Congo, Republic of the
Central African CFA Franc
XAF - Cook Islands (New Zealand)
Cook Islands Dollar
none - Costa Rica
Costa Rican Dolon
CRC - Cote d’Ivoire
West African CFA Franc
XOF - Croatia
Croatian Kuna
HRK - Cuba
Cuban Peso
CUP - Curacao (Netherlands)
Netherlands Antillean Guilder
ANG - Cyprus
European Euro
EUR - Czechia
Czech Koruna
CZK
D
- Denmark
Danish Krone
DKK - Djibouti
Djiboutian Franc
DJF - Dominica
East Caribbean Dollar
XCD - Dominican Republic
Dominican Peso
DOP
E
- Ecuador
United States Dollar
USD - Egypt
Egyptian Pound
EGP - El Salvador
United States Dollar
USD - Equatorial Guinea
Central African CFA Franc
XAF - Eritrea
Eritrean Nakfa
ERN - Estonia
European Euro
EUR - Eswatini
Swazi Lilangeni
SZL - Ethiopia
Ethiopian Birr
ETB
F
- Falkland Islands (UK)
Falkland Islands Pound
FKP - Faroe Islands (Denmark)
Faroese Krona
none - Fiji
Fijian Dollar
FJD - Finland
European Euro
EUR - France
European Euro
EUR - French Guiana (France)
European Euro
EUR - French Polynesia (France)
CFP Franc
XPF
G
- Gabon
Central African CFA Franc
XAF - Gambia
Gambian Dalasi
GMD - Georgia
Georgian Lari
GEL - Germany
European Euro
EUR - Ghana
Ghanaian Cedi
GHS - Gibraltar (UK)
Gibraltar Pound
GIP - Greece
European Euro
EUR - Greenland (Denmark)
Danish Krone
DKK - Grenada
East Caribbean Dollar
XCD - Guadeloupe (France)
European Euro
EUR - Guam (USA)
United States Dollar
USD - Guatemala
Guatemalan Quetzal
GTQ - Guernsey (UK)
Guernsey Pound
GGP - Guinea
Guinean Franc
GNF - Guinea-Bissau
West African CFA Franc
XOF - Guyana
Guyanese Dollar
GYD
H
- Haiti
Haitian Gourde
HTG - Honduras
Honduran Lempira
HNL - Hong Kong (China)
Hong Kong Dollar
HKD - Hungary
Hungarian Forint
HUF
I
- Iceland
Icelandic Krona
ISK - India
Indian Rupee
INR - Indonesia
Indonesian Rupiah
IDR - International Monetary Fund (IMF)
SDR (Special Drawing Right)
XDR - Iran
Iranian Rial
IRR - Iraq
Iraqi Dinar
IQD - Ireland
European Euro
EUR - Isle of Man (UK)
Manx Pound
IMP - Israel
Israeli New Shekel
ILS - Italy
European Euro
EUR
J
- Jamaica
Jamaican Dollar
JMD - Japan
Japanese Yen
JPY - Jersey (UK)
Jersey Pound
JEP - Jordan
Jordanian Dinar
JOD
K
- Kazakhstan
Kazakhstani Tenge
KZT - Kenya
Kenyan Shilling
KES - Kiribati
Australian Dollar
AUD - Kosovo
European Euro
EUR - Kuwait
Kuwaiti Dinar
KWD - Kyrgyzstan
Kyrgyzstani Som
KGS
L
- Laos
Lao Kip
LAK - Latvia
European Euro
EUR - Lebanon
Lebanese Pound
LBP - Lesotho
Lesotho Loti
LSL - Liberia
Liberian Dollar
LRD - Libya
Libyan Dinar
LYD - Liechtenstein
Swiss Franc
CHF - Lithuania
European Euro
EUR - Luxembourg
European Euro
EUR
M
- Macau (China)
Macanese Pataca
MOP - Madagascar
Malagasy Ariary
MGA - Malawi
Malawian Kwacha
MWK - Malaysia
Malaysian Ringgit
MYR - Maldives
Maldivian Rufiyaa
MVR - Mali
West African CFA Franc
XOF - Malta
European Euro
EUR - Marshall Islands
United States Dollar
USD - Martinique (France)
European Euro
EUR - Mauritania
Mauritanian Ouguiya
MRU - Mauritius
Mauritian Rupee
MUR - Mayotte (France)
European Euro
EUR - Mexico
Mexican Peso
MXN - Micronesia
United States Dollar
USD - Moldova
Moldovan Leu
MDL - Monaco
European Euro
EUR - Mongolia
Mongolian Tugrik
MNT - Montenegro
European Euro
EUR - Montserrat (UK)
East Caribbean Dollar
XCD - Morocco
Moroccan Dirham
MAD - Mozambique
Mozambican Metical
MZN - Myanmar
Myanmar Kyat
MMK
N
- Namibia
Namibian Dollar
NAD - Nauru
Australian Dollar
AUD - Nepal
Nepalese Rupee
NPR - Netherlands
European Euro
EUR - New Caledonia (France)
CFP Franc
XPF - New Zealand
New Zealand Dollar
NZD - Nicaragua
Nicaraguan Cordoba
NIO - Niger
West African CFA Franc
XOF - Nigeria
Nigerian Naira
NGN - Niue (New Zealand)
New Zealand Dollar
NZD - Norfolk Island (Australia)
Australian Dollar
AUD - Northern Mariana Islands (USA)
United States Dollar
USD - North Korea
North Korean Won
KPW - North Macedonia
Macedonian Denar
MKD - Norway
Norwegian Krone
NOK
O
- Oman
Omani Rial
OMR
P
- Pakistan
Pakistani Rupee
PKR - Palau
United States Dollar
USD - Palestine
Israeli New Shekel
ILS - Panama
United States Dollar
USD - Papua New Guinea
Papua New Guinean Kina
PGK - Paraguay
Paraguayan Guarani
PYG - Peru
Peruvian Sol
PEN - Philippines
Philippine Peso
PHP - Pitcairn Islands (UK)
New Zealand Dollar
NZD - Poland
Polish Zloty
PLN - Portugal
European Euro
EUR - Puerto Rico (USA)
United States Dollar
USD
Q
- Qatar
Qatari Riyal
QAR
R
- Reunion (France)
European Euro
EUR - Romania
Romanian Leu
RON - Russia
Russian Ruble
RUB - Rwanda
Rwandan Franc
RWF
S
- Saba (Netherlands)
United States Dollar
USD - Saint Barthelemy (France)
European Euro
EUR - Saint Helena (UK)
Saint Helena Pound
SHP - Saint Kitts and Nevis
East Caribbean Dollar
XCD - Saint Lucia
East Caribbean Dollar
XCD - Saint Martin (France)
European Euro
EUR - Saint Pierre and Miquelon (France)
European Euro
EUR - Saint Vincent and the Grenadines
East Caribbean Dollar
XCD - Samoa
Samoan Tala
WST - San Marino
European Euro
EUR - Sao Tome and Principe
Sao Tome and Principe Dobra
STN - Saudi Arabia
Saudi Arabian Riyal
SAR - Senegal
West African CFA Franc
XOF - Serbia
Serbian Dinar
RSD - Seychelles
Seychellois Rupee
SCR - Sierra Leone
Sierra Leonean Leone
SLL - Singapore
Singapore Dollar
SGD - Sint Eustatius (Netherlands)
United States Dollar
USD - Sint Maarten (Netherlands)
Netherlands Antillean Guilder
ANG - Slovakia
European Euro
EUR - Slovenia
European Euro
EUR - Solomon Islands
Solomon Islands Dollar
SBD - Somalia
Somali Shilling
SOS - South Africa
South African Rand
ZAR - South Georgia Island (UK)
Pound Sterling
GBP - South Korea
South Korean Won
KRW - South Sudan
South Sudanese Pound
SSP - Spain
European Euro
EUR - Sri Lanka
Sri Lankan Rupee
LKR - Sudan
Sudanese Pound
SDG - Suriname
Surinamese Dollar
SRD - Svalbard and Jan Mayen (Norway)
Norwegian Krone
NOK - Sweden
Swedish Krona
SEK - Switzerland
Swiss Franc
CHF - Syria
Syrian Pound
SYP
T
- Taiwan
New Taiwan Dollar
TWD - Tajikistan
Tajikistani Somoni
TJS - Tanzania
Tanzanian Shilling
TZS - Thailand
Thai Baht
THB - Timor-Leste
United States Dollar
USD - Togo
West African CFA Franc
XOF - Tokelau (New Zealand)
New Zealand Dollar
NZD - Tonga
Tongan Pa’anga
TOP - Trinidad and Tobago
Trinidad and Tobago Dollar
TTD - Tristan da Cunha (UK)
Pound Sterling
GBP - Tunisia
Tunisian Dinar
TND - Turkey
Turkish Lira
TRY - Turkmenistan
Turkmen Manat
TMT - Turks and Caicos Islands (UK)
United States Dollar
USD - Tuvalu
Australian Dollar
AUD
U
- Uganda
Ugandan Shilling
UGX - Ukraine
Ukrainian Hryvnia
UAH - United Arab Emirates
UAE Dirham
AED - United Kingdom
Pound Sterling
GBP - United States of America
United States Dollar
USD - Uruguay
Uruguayan Peso
UYU - US Virgin Islands (USA)
United States Dollar
USD - Uzbekistan
Uzbekistani Som
UZS
V
- Vanuatu
Vanuatu Vatu
VUV - Vatican City (Holy See)
European Euro
EUR - Venezuela
Venezuelan Bolivar
VES - Vietnam
Vietnamese Dong
VND
W
- Wake Island (USA)
United States Dollar
USD - Wallis and Futuna (France)
CFP Franc
XPF
Y
- Yemen
Yemeni Rial
YER
Z
- Zambia
Zambian Kwacha
ZMW - Zimbabwe
United States Dollar
USD
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