|
| |
 | |
|
|
Currency Trading Information Channel |
 |
|
|
| |
|
| |
|
|
Currency Trading Information Channel |
|
|
|
|
|
ISO 4217 in Forex TradingISO 4217 is an international standard describing three letter codes to define the names of currencies established by the International Organization for Standardization (ISO). The first two letters of the code are the two letters of ISO 3166-1 alpha-2 country codes (which are similar to those used for national top-level domains on the internet) and the third is usually the initial of the currency itself. So Japan's currency code becomes JPY-JP for Japan and Y for yen. This eliminates the problem caused by the names dollar, franc and pound being used in dozens of different countries, all with wildly differing values. The standard also defines the relationship between the major currency unit and any minor currency unit. Often, the minor currency unit has a value that is 1/100 of the major unit, but 1/10 or 1/1000 are also common. Some currencies do not have any minor currency unit at all. Mauritania does not use a decimal division of units, setting 1 ouguiya (UM) = 5 khoums, and Madagascar has 1 ariary = 5 iraimbilanja. ISO 4217 includes codes for not only currencies, but also codes for precious metals (gold, silver, palladium and platinum; normally measured in troy ounces) and certain other entities used in international finance, e.g. Special Drawing Rights. There are also special codes allocated for testing purposes (XTS), and to indicate no currency transactions (XXX). These codes all begin with the letter "X". ISO 3166 never assigns country codes beginning with "X", so ISO 4217 can use "X" codes for non-country-specific currencies without risk of clashing with future country codes. Supranational currencies, such as the East Caribbean dollar, the CFP franc, the CFA franc BEAC and the CFA franc BCEAO are normally also represented by codes beginning with an "X". However, the Euro is represented by the code EUR; although EU is not an ISO 3166-1 country code, it was used anyway, and in order to do so EU was added to the ISO 3166-1 reserved codes list to represent the European Union. The predecessor to the Euro, the European Currency Unit, had the code XEU. More detail about ISO 4217 can be found on wikipedia.org The author blog: Online Forex Resource - http://forexbroker.blogspot.com
 MORE RESOURCES updated Sat. June / 19 / 2021The History of Forex Trading Gary Skentelbery How to Make Money with Forex Trading for Beginners? State-Journal.com Forex Trading, All You Need to Know BusinessMole Must Read eBooks for Forex Trading in 2021 Good e-Reader Understanding and Learning How to Start Forex Trading in India Chiang Rai Times When to invest in forex trading Ripple Coin News Forex Trading, a Beginner’s Guide to the Basics News Anyway Forex vs Stocks Gary Skentelbery 4 sites to keep up to date with Forex news Business MattersBusiness Matters How to find the best Forex broker in the UK The Scotsman How To Choose The Right Currency Trading Indicate Company LA Canyon News Free Forex Trading Signal EUR/NZD Buy - 18 June 2021 Forex Crunch How to Predict the Forex Market with Trading Signals Smarter Analyst Forex vs Crypto Trading: What are the differences? Redditch Standard Asian shares mostly rise as markets digest Fed moves Hilton Head Island Packet Did Presidential Hopeful Hemmati Successfully Defend Iran's Currency? — Bourse & Bazaar Bourse & Bazaar Natural Hedging: Does Matching of Currency Footprints Lower Risk? International Banker Currency trading made easy: Road to becoming a successful Forex trader - The Leader Newspaper Online Currency trading made easy: Road to becoming a successful Forex trader The Leader Newspaper Online Bitfarms to Commence Trading on Nasdaq on June 21st GlobeNewswire U.K. shares lower at close of trade; Investing.com United Kingdom 100 down 1.98% Investing.com India How to Trade Forex in 5 steps Pulse Nigeria Japanese Yen Outperforms as USD/JPY Overlooks Dollar Bounce Pound Sterling Live Forex Trading – How Do I begin? - NuWireInvestor NuWire Investor GBP/EUR: Pair Pulls Back From €1.17 Currency Live US Cryptocurrency Trading Platform Gemini Lists Fantom bitcoinist.com Forex Today: S&P 500 Futures Break 4250 DailyForex.com GBP/EUR: Pound Hovers Around Two Week High Currency Live The 6 Best Online Forex Trading Classes of 2021 Investopedia Australian Trade Minister Tehan: To decide ‘very shortly’ on WTO action against wine tariffs with Beijing Forex Crunch Forex Today: WTI Crude Oil Breaks $72.50 DailyForex.com Things You Need To Know Before Entering Forex Trading NuWire Investor USD/INR: Rupee Tanks To 6 Week Low Post Fed Currency Live What is Forex Trading? Investment U US regulators signal bigger role in cryptocurrencies market Financial Times A Forex Trading Guide For Beginners | Sponsored | state-journal.com State-Journal.com What is Expected in the Foreign Exchange Market in 2021? Finance Magnates A beginner's guide to Forex trading BusinessMole Best Forex Trading Platforms In 2021 Yahoo Finance Can I Get Rich With Forex in 2021? Study Breaks is Forex Trading a Good Way to Make Money Online ? Love Belfast A comprehensive understanding of Forex trading The Portugal News The Currency-Market Snoozefest Might Not Last The Wall Street Journal Owners of Foreign Currency Exchange Investment Company Indicted for $129 Million Wire Fraud and Conspiracy Department of Justice Next Forex Trading Terms You Need to Know Before Trading North Forty News COVID-19 and the Forex Market in 2021 Finance Magnates Best online brokers for forex trading in June 2021 Bankrate.com Previous article Top 10 Forex Mentors in 2021 Influencive Best currency pairs to trade for beginners Capital.com How does the currency market work? - NuWireInvestor NuWire Investor Forex Brokers: Are They a Scam? | Investing | US News - U.S News & World Report Money U.S News & World Report Money Report on State of Kenya’s Online Forex Trading Industry in 2021 Finance Magnates Best Forex Trading Platform Choices of 2021 Fortunly News Understanding the Gaps in Forex Trading Finance Magnates
|
