Forex Market Jargon & Nicknames
World forex market has its own language. There are nicknames to currencies and currency pairs and there are some interesting terminologies. Knowing them is important is for a forex trader as it will help him in better understanding of news, reports and commentaries. Here are some of them with some interesting explanations.
Nicknames of Currencies
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Nicknames of Currencies
- US Dollar (USD) – Greenback and buck. The name buck came from “buckskins” which were used for trading in late 1700s, when there was no paper money.
- British Pound (GBP) – Cable, Pound and Sterling. The name cable probably came from the trans-Atlantic cable between US and Britain.
- Canadian Dollar (CAD) – Loonie and Little dollar. Loonie is the bird depicted on the Canadian coin.
- Euro (EUR) – Fiber.
- Australian Dollar (AUD) – Aussie or Ozzie. Aussie is the word now-a-days used to denote anything having an origin in Australia.
- Swiss Franc (CHF) – Swissie.
- New Zealand Dollar (NZD) – Kiwi, named after the non-flying bird found there.
- EUR/JPY – Euppy or Yuppy.
- EUR/GBP – Chunnel, as a tunnel connect Britain and France (the European continent).
- GBP/JPY – Gopher.
- USD/JPY – Ninja.
- Yard – is a billion unit of a currency.
- Figure – is a term denoting a round term. Eg: 1.2000 and 2.400
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posted by NobleTrading at
7:49 AM
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