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Foreign Exchange
On a daily basis, more than $1.5 trillion dollars (USD) is exchanged by thousands of banks and foreign currency traders all over the world. This makes the FX market the largest market in the world. This dynamic environment where values of currency units fluctuate is the most fundamental part of foreign trade. It allows economic systems to function in harmony with one another, and leads to mutual gains. Foreign exchange transactions consist of spot transactions, swaps, forwards contracts, open window forward contracts, option dated forward contracts, currency options, futures and overnight bidding. Payment for foreign exchange transactions can be made in cash, bank notes, cheque, certified check, money order, bank draft, electronic funds transfer, account clearing house, pre authorised debit, and wire transfer. The United States Dollar, Great Brittain Pound, the European Union Currency Unit, Swiss Franc, and Japanese Yen are considered the “major currencies.” Most other currencies are denominated in terms of their relationship to them.
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AED |
United Arab Emirates, Dirhams |
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AFN |
Afghanistan, Afghanis |
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ALL |
Albania, Leke |
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AMD |
Armenia, Drams |
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ANG |
Netherlands Antilles, Guilders (also called Florins) |
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AOA |
Angola, Kwanza |
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ARS |
Argentina, Pesos |
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AUD |
Australia, Dollars |
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AWG |
Aruba, Guilders (also called Florins) |
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AZN |
Azerbaijan, New Manats |
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BAM |
Bosnia and Herzegovina, Convertible Marka |
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BBD |
Barbados, Dollars |
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BDT |
Bangladesh, Taka |
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BGN |
Bulgaria, Leva |
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BHD |
Bahrain, Dinars |
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BIF |
Burundi, Francs |
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BMD |
Bermuda, Dollars |
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BND |
Brunei Darussalam, Dollars |
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BOB |
Bolivia, Bolivianos |
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BRL |
Brazil, Brazil Real |
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BSD |
Bahamas, Dollars |
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BTN |
Bhutan, Ngultrum |
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BWP |
Botswana, Pulas |
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BYR |
Belarus, Rubles |
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BZD |
Belize, Dollars |
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CAD |
Canada, Dollars |
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CDF |
Congo/Kinshasa, Congolese Francs |
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CHF |
Switzerland, Francs |
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CLP |
Chile, Pesos |
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CNY |
China, Yuan Renminbi |
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COP |
Colombia, Pesos |
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CRC |
Costa Rica, Colones |
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CUP |
Cuba, Pesos |
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CVE |
Cape Verde, Escudos |
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CYP |
Cyprus, Pounds (expires 2008-Jan-31) |
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CZK |
Czech Republic, Koruny |
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DJF |
Djibouti, Francs |
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DKK |
Denmark, Kroner |
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DOP |
Dominican Republic, Pesos |
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DZD |
Algeria, Algeria Dinars |
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EEK |
Estonia, Krooni |
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EGP |
Egypt, Pounds |
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ERN |
Eritrea, Nakfa |
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ETB |
Ethiopia, Birr |
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EUR |
Euro Member Countries, Euro |
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FJD |
Fiji, Dollars |
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FKP |
Falkland Islands (Malvinas), Pounds |
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GBP |
United Kingdom, Pounds |
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GEL |
Georgia, Lari |
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GGP |
Guernsey, Pounds |
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GHS |
Ghana, Cedis |
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GIP |
Gibraltar, Pounds |
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GMD |
Gambia, Dalasi |
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GNF |
Guinea, Francs |
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GTQ |
Guatemala, Quetzales |
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GYD |
Guyana, Dollars |
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HKD |
Hong Kong, Dollars |
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HNL |
Honduras, Lempiras |
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HRK |
Croatia, Kuna |
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HTG |
Haiti, Gourdes |
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HUF |
Hungary, Forint |
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IDR |
Indonesia, Rupiahs |
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ILS |
Israel, New Shekels |
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IMP |
Isle of Man, Pounds |
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INR |
India, Rupees |
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IQD |
Iraq, Dinars |
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IRR |
Iran, Rials |
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ISK |
Iceland, Kronur |
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JEP |
Jersey, Pounds |
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JMD |
Jamaica, Dollars |
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JOD |
Jordan, Dinars |
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JPY |
Japan, Yen |
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KES |
Kenya, Shillings |
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KGS |
Kyrgyzstan, Soms |
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KHR |
Cambodia, Riels |
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KMF |
Comoros, Francs |
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KPW |
Korea (North), Won |
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KRW |
Korea (South), Won |
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KWD |
Kuwait, Dinars |
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KYD |
Cayman Islands, Dollars |
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KZT |
Kazakhstan, Tenge |
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LAK |
Laos, Kips |
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LBP |
Lebanon, Pounds |
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LKR |
Sri Lanka, Rupees |
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LRD |
Liberia, Dollars |
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LSL |
Lesotho, Maloti |
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LTL |
Lithuania, Litai |
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LVL |
Latvia, Lati |
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LYD |
Libya, Dinars |
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MAD |
Morocco, Dirhams |
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MDL |
Moldova, Lei |
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MGA |
Madagascar, Ariary |
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MKD |
Macedonia, Denars |
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MMK |
Myanmar (Burma), Kyats |
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MNT |
Mongolia, Tugriks |
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MOP |
Macau, Patacas |
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MRO |
Mauritania, Ouguiyas |
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MTL |
Malta, Liri (expires 2008-Jan-31) |
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MUR |
Mauritius, Rupees |
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MVR |
Maldives (Maldive Islands), Rufiyaa |
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MWK |
Malawi, Kwachas |
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MXN |
Mexico, Pesos |
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MYR |
Malaysia, Ringgits |
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MZN |
Mozambique, Meticais |
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NAD |
Namibia, Dollars |
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NGN |
Nigeria, Nairas |
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NIO |
Nicaragua, Cordobas |
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NOK |
Norway, Krone |
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NPR |
Nepal, Nepal Rupees |
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NZD |
New Zealand, Dollars |
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OMR |
Oman, Rials |
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PAB |
Panama, Balboa |
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PEN |
Peru, Nuevos Soles |
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PGK |
Papua New Guinea, Kina |
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PHP |
Philippines, Pesos |
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PKR |
Pakistan, Rupees |
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PLN |
Poland, Zlotych |
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PYG |
Paraguay, Guarani |
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QAR |
Qatar, Rials |
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RON |
Romania, New Lei |
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RSD |
Serbia, Dinars |
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RUB |
Russia, Rubles |
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RWF |
Rwanda, Rwanda Francs |
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SAR |
Saudi Arabia, Riyals |
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SBD |
Solomon Islands, Dollars |
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SCR |
Seychelles, Rupees |
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SDG |
Sudan, Pounds |
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SEK |
Sweden, Kronor |
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SGD |
Singapore, Dollars |
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SHP |
Saint Helena, Pounds |
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SLL |
Sierra Leone, Leones |
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SOS |
Somalia, Shillings |
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SPL |
Seborga, Luigini |
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SRD |
Suriname, Dollars |
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STD |
São Tome and Principe, Dobras |
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SVC |
El Salvador, Colones |
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SYP |
Syria, Pounds |
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SZL |
Swaziland, Emalangeni |
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THB |
Thailand, Baht |
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TJS |
Tajikistan, Somoni |
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TMM |
Turkmenistan, Manats |
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TND |
Tunisia, Dinars |
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TOP |
Tonga, Pa'anga |
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TRY |
Turkey, New Lira |
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TTD |
Trinidad and Tobago, Dollars |
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TVD |
Tuvalu, Tuvalu Dollars |
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TWD |
Taiwan, New Dollars |
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TZS |
Tanzania, Shillings |
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UAH |
Ukraine, Hryvnia |
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UGX |
Uganda, Shillings |
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USD |
United States of America, Dollars |
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UYU |
Uruguay, Pesos |
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UZS |
Uzbekistan, Sums |
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VEB |
Venezuela, Bolivares (expires 2008-Jun-30) |
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VEF |
Venezuela, Bolivares Fuertes |
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VND |
Viet Nam, Dong |
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VUV |
Vanuatu, Vatu |
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WST |
Samoa, Tala |
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XAF |
Communauté Financière Africaine BEAC, Francs |
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XAG |
Silver, Ounces |
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XAU |
Gold, Ounces |
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XCD |
East Caribbean Dollars |
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XDR |
International Monetary Fund (IMF) Special Drawing Rights |
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XOF |
Communauté Financière Africaine BCEAO, Francs |
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XPD |
Palladium Ounces |
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XPF |
Comptoirs Français du Pacifique Francs |
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XPT |
Platinum, Ounces |
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YER |
Yemen, Rials |
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ZAR |
South Africa, Rand |
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ZMK |
Zambia, Kwacha |
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ZWD |
Zimbabwe, Zimbabwe Dollars |
Corporate Foreign Currency Exchange Services Site / Personal Foreign Currency Services Site
