|
| |
 | |
|
|
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 Wed. May / 12 / 2021Coinseed moved all of its clients' assets into dogecoin without telling them, new report says Markets Insider Why Should You Keep Forex As A Part Of Your Portfolio Paso Robles Daily News Indonesia Mulls Tax on Crypto Trading Yahoo Finance How can forex trading benefit you? Deccan Chronicle NY Attorney General Seeks TRO Against Digital Asset Trading Company - Technology - United States Mondaq News Alerts Best currency pairs to trade for beginners Capital.com Roblox Jumps as Virtual Currency Trumps Actual Sales Investing.com India Silver Castle, Israel’s First Digital Currency Investment House, Joins TASE Following Its Merger With Publicly Traded ICB Yahoo Finance How to Become a Forex Trader and Whether You Should Market Realist 8 Best Crypto Exchanges For Altcoins Bitcoin, ETH, and More: Top Cryptocurrency Trading Platforms Reviewed Miami Herald Citi plans to launch crypto trading services, report says Markets Insider EMERGING MARKETS-Most Asian currencies edge lower, Thai baht falls most Investing.com India Emad Echadi and Michel Geurkink — Forex Fraudsters EarnForex News Ghana loses $200m to untapped online forex trading market Myjoyonline.com Germany's Privacy Watchdog Prohibits Facebook From Collecting WhatsApp User Data For 3 Months: Bloomberg Yahoo Finance Fact and Fad about Weekend Forex Trading DailyForex.com EOS Soars 30.90% In Bullish Trade Investing.com India 2local Is Entering into New Partnerships with Bitrue Exchange and Crypto Payment Provider Simplex Coinspeaker FX Traders Look Past Sell-Off In Stocks Investing.com India EOS Climbs 10.60% In Bullish Trade Investing.com India Cryptocurrency- Hot or not The Times of India Blog U.K. shares lower at close of trade; Investing.com United Kingdom 100 down 2.48% Investing.com India Trading Support and Resistance DailyForex.com GBP/EUR: Pound Holds Over €1.16 Currency Live DEX Trading Volume Hits a Record High Ahead of GIBXchange Launch Finance Magnates Digital Currency Trading Platform Market Witness Highest Growth in near future| Leading Key Players: Binance, Huobi Technology Co.,Ltd., Coinbase Pro – KSU | The Sentinel Newspaper KSU | The Sentinel Newspaper What Is Forex Trading? Forbes Top 7 Forex Trading Apps for 2021 IT News Africa Next Global race to tapering ignites hunt for next currency winners BusinessWorld Online Bitfarms to Present at the Benzinga Global Small Cap Conference and Participate in a Cryptocurrency Panel GlobeNewswire Forex Trading – How Do I begin? - NuWireInvestor NuWire Investor CME's Micro Bitcoin Futures Will Increase The Addressable Crypto Market Investing.com India Trading Lots and Other Eco-Friendly Forex Trading Strategies - Blue & Green Tomorrow Blue & Green Tomorrow Best Forex Trading Platforms In 2021 Yahoo Finance Things You Need To Know Before Entering Forex Trading NuWire Investor A beginner's guide to Forex trading BusinessMole Forex Market: Unlocking Opportunities for Investors Visual Capitalist A comprehensive understanding of Forex trading The Portugal News How to Trade Forex as a Beginner Finance Magnates Next Forex Trading Terms You Need to Know Before Trading North Forty News Trading via Currency Exchange Gary Skentelbery Forex Brokers: Are They a Scam? | Investing | US News - U.S News & World Report Money U.S News & World Report Money Most profitable forex pairs Capital.com Making Money By Forex Trading The FINANCIAL Best online brokers for forex trading in May 2021 Bankrate.com COVID-19 and the Forex Market in 2021 Finance Magnates The Currency-Market Snoozefest Might Not Last The Wall Street Journal
|
