Forex trading
TradingView charts and analysis
The place to LEARN all about investing in forex

Top 20 economies

All economies

RSS MARKETS PULSE

Forex

Indices

Commodities

Stocks

ETFs

Options

Crypto

Futures

What is a foreign exchange / forex?

 

Foreign Exchange, is a decentralized global market, where the exchange of over 180 global currencies takes place. It is facilitated through brokers, in an Over-the-Counter market and it is by far the largest market in the world, with the Bank of International Settlements, recording a 7.5 trillion-dollar, daily volume (a small % of that involves retail trading).

forex

Currency codes

ISO 4217 is a standard published in 1978, that defined how currencies will be represented through codes. The first 2 letters denote the country code, and the third denotes the first letter of the currency symbol.

 

Check out our list of 250+ currency codes

*we included the calling code for the country as a bonus

Country Currency Symbol Calling code
Afghanistan Afghan afghani AFN 93
Aland Islands (Finland) European euro EUR 358 18
Albania Albanian lek ALL 355
Algeria Algerian dinar DZD 213
American Samoa (USA) United States dollar USD 1 684
Andorra European euro EUR 376
Angola Angolan kwanza AOA 244
Anguilla (UK) East Caribbean dollar XCD 1 264
Antigua and Barbuda East Caribbean dollar XCD 1 268
Argentina Argentine peso ARS 54
Armenia Armenian dram AMD 374
Aruba (Netherlands) Aruban florin AWG 297
Ascension Island (UK) Saint Helena pound SHP 247
Australia Australian dollar AUD 61
Austria European euro EUR 43
Azerbaijan Azerbaijan manat AZN 994
Country Currency Symbol Calling code
Bahamas Bahamian dollar BSD 1 242
Bahrain Bahraini dinar BHD 973
Bangladesh Bangladeshi taka BDT 880
Barbados Barbadian dollar BBD 1 246
Belarus Belarusian ruble BYN 375
Belgium European euro EUR 32
Belize Belize dollar BZD 501
Benin West African CFA franc XOF 229
Bermuda (UK) Bermudian dollar BMD 1 441
Bhutan Bhutanese ngultrum BTN 975
Bolivia Bolivian boliviano BOB 591
Bonaire (Netherlands) United States dollar USD 599 7
Bosnia and Herzegovina Bosnia and Herzegovina convertible mark BAM 387
Botswana Botswana pula BWP 267
Brazil Brazilian real BRL 55
British Indian Ocean Territory (UK) United States dollar USD 246
British Virgin Islands (UK) United States dollar USD 1 284
Brunei Brunei dollar BND 673
Bulgaria Bulgarian lev BGN 359
Burkina Faso West African CFA franc XOF 226
Burundi Burundi franc BIF 257
Country Currency Symbol Calling code
Bahamas Bahamian dollar BSD 1 242
Bahrain Bahraini dinar BHD 973
Bangladesh Bangladeshi taka BDT 880
Barbados Barbadian dollar BBD 1 246
Belarus Belarusian ruble BYN 375
Belgium European euro EUR 32
Belize Belize dollar BZD 501
Benin West African CFA franc XOF 229
Bermuda (UK) Bermudian dollar BMD 1 441
Bhutan Bhutanese ngultrum BTN 975
Bolivia Bolivian boliviano BOB 591
Bonaire (Netherlands) United States dollar USD 599 7
Bosnia and Herzegovina Bosnia and Herzegovina convertible mark BAM 387
Botswana Botswana pula BWP 267
Brazil Brazilian real BRL 55
British Indian Ocean Territory (UK) United States dollar USD 246
British Virgin Islands (UK) United States dollar USD 1 284
Brunei Brunei dollar BND 673
Bulgaria Bulgarian lev BGN 359
Burkina Faso West African CFA franc XOF 226
Burundi Burundi franc BIF 257
Country Currency Symbol Calling code
Denmark Danish krone DKK 45
Djibouti Djiboutian franc DJF 253
Dominica East Caribbean dollar XCD 1 767
Dominican Republic Dominican peso DOP 1 809
Country Currency Symbol Calling code
Ecuador United States dollar USD 593
Egypt Egyptian pound EGP 20
El Salvador United States dollar USD 503
Equatorial Guinea Central African CFA franc XAF 240
Eritrea Eritrean nakfa ERN 291
Estonia European euro EUR 372
Eswatini Swazi lilangeni SZL 268
Ethiopia Ethiopian birr ETB 251
Country Currency Symbol Calling code
Falkland Islands (UK) Falkland Islands pound FKP 500
Faroe Islands (Denmark) Faroese krona none 298
Fiji Fijian dollar FJD 679
Finland European euro EUR 358
France European euro EUR 33
French Guiana (France) European euro EUR 594
French Polynesia (France) CFP franc XPF 689
Country Currency Symbol Calling code
Gabon Central African CFA franc XAF 241
Gambia Gambian dalasi GMD 220
Georgia Georgian lari GEL 995
Germany European euro EUR 49
Ghana Ghanaian cedi GHS 233
Gibraltar (UK) Gibraltar pound GIP 350
Greece European euro EUR 30
Greenland (Denmark) Danish krone DKK 299
Grenada East Caribbean dollar XCD 1 473
Guadeloupe (France) European euro EUR 590
Guam (USA) United States dollar USD 1 671
Guatemala Guatemalan quetzal GTQ 502
Guernsey (UK) Guernsey Pound GGP 44
Guinea Guinean franc GNF 224
Guinea-Bissau West African CFA franc XOF 245
Guyana Guyanese dollar GYD 592
Country Currency Symbol Calling code
Haiti Haitian gourde HTG 509
Honduras Honduran lempira HNL 504
Hong Kong (China) Hong Kong dollar HKD 852
Hungary Hungarian forint HUF 36
Country Currency Symbol Calling code
Iceland Icelandic krona ISK 354
India Indian rupee INR 91
Indonesia Indonesian rupiah IDR 62
International Monetary Fund (IMF) SDR (Special Drawing Right) XDR
Iran Iranian rial IRR 98
Iraq Iraqi dinar IQD 964
Ireland European euro EUR 353
Isle of Man (UK) Manx pound IMP 44
Israel Israeli new shekel ILS 972
Italy European euro EUR 39
Country Currency Symbol Calling code
Jamaica Jamaican dollar JMD 1 876
Japan Japanese yen JPY 81
Jersey (UK) Jersey pound JEP 44
Jordan Jordanian dinar JOD 962
Country Currency Symbol Calling code
Kazakhstan Kazakhstani tenge KZT 7
Kenya Kenyan shilling KES 254
Kiribati Australian dollar AUD 686
Kosovo European euro EUR 383
Kuwait Kuwaiti dinar KWD 965
Kyrgyzstan Kyrgyzstani som KGS 996
Country Currency Symbol Calling code
Laos Lao kip LAK 856
Latvia European euro EUR 371
Lebanon Lebanese pound LBP 961
Lesotho Lesotho loti LSL 266
Liberia Liberian dollar LRD 231
Libya Libyan dinar LYD 218
Liechtenstein Swiss franc CHF 423
Lithuania European euro EUR 370
Luxembourg European euro EUR 352
Country Currency Symbol Calling code
Macau (China) Macanese pataca MOP 853
Madagascar Malagasy ariary MGA 261
Malawi Malawian kwacha MWK 265
Malaysia Malaysian ringgit MYR 60
Maldives Maldivian rufiyaa MVR 960
Mali West African CFA franc XOF 223
Malta European euro EUR 356
Marshall Islands United States dollar USD 692
Martinique (France) European euro EUR 596
Mauritania Mauritanian ouguiya MRU 222
Mauritius Mauritian rupee MUR 230
Mayotte (France) European euro EUR 262
Mexico Mexican peso MXN 52
Micronesia United States dollar USD 691
Moldova Moldovan leu MDL 373
Monaco European euro EUR 377
Mongolia Mongolian tugrik MNT 976
Montenegro European euro EUR 382
Montserrat (UK) East Caribbean dollar XCD 1 664
Morocco Moroccan dirham MAD 212
Mozambique Mozambican metical MZN 258
Myanmar Myanmar kyat MMK 95
Country Currency Symbol Calling code
Namibia Namibian dollar NAD 264
Nauru Australian dollar AUD 674
Nepal Nepalese rupee NPR 977
Netherlands European euro EUR 31
New Caledonia (France) CFP franc XPF 687
New Zealand New Zealand dollar NZD 64
Nicaragua Nicaraguan cordoba NIO 505
Niger West African CFA franc XOF 227
Nigeria Nigerian naira NGN 234
Niue (New Zealand) New Zealand dollar NZD 683
Norfolk Island (Australia) Australian dollar AUD 672 3
Northern Mariana Islands (USA) United States dollar USD 1 670
North Korea North Korean won KPW 850
North Macedonia Macedonian denar MKD 389
Norway Norwegian krone NOK 47
Country Currency Symbol Calling code
Oman Omani rial OMR 968
Country Currency Symbol Calling code
Pakistan Pakistani rupee PKR 92
Palau United States dollar USD 680
Palestine Israeli new shekel ILS 970
Panama United States dollar USD 507
Papua New Guinea Papua New Guinean kina PGK 675
Paraguay Paraguayan guarani PYG 595
Peru Peruvian sol PEN 51
Philippines Philippine peso PHP 63
Pitcairn Islands (UK) New Zealand dollar NZD 64
Poland Polish zloty PLN 48
Portugal European euro EUR 351
Puerto Rico (USA) United States dollar USD 1 787
Country Currency Symbol Calling code
Qatar Qatari riyal QAR 974
Country Currency Symbol Calling code
Reunion (France) European euro EUR 262
Romania Romanian leu RON 40
Russia Russian ruble RUB 7
Rwanda Rwandan franc RWF 250
Country Currency Symbol Calling code
Saba (Netherlands) United States dollar USD 599 4
Saint Barthelemy (France) European euro EUR 590
Saint Helena (UK) Saint Helena pound SHP 290
Saint Kitts and Nevis East Caribbean dollar XCD 1 869
Saint Lucia East Caribbean dollar XCD 1 758
Saint Martin (France) European euro EUR 590
Saint Pierre and Miquelon (France) European euro EUR 508
Saint Vincent and the Grenadines East Caribbean dollar XCD 1 784
Samoa Samoan tala WST 685
San Marino European euro EUR 378
Sao Tome and Principe Sao Tome and Principe dobra STN 239
Saudi Arabia Saudi Arabian riyal SAR 966
Senegal West African CFA franc XOF 221
Serbia Serbian dinar RSD 381
Seychelles Seychellois rupee SCR 248
Sierra Leone Sierra Leonean leone SLE 232
Singapore Singapore dollar SGD 65
Sint Eustatius (Netherlands) United States dollar USD 599 3
Sint Maarten (Netherlands) Netherlands Antillean guilder ANG 1 721
Slovakia European euro EUR 421
Slovenia European euro EUR 386
Solomon Islands Solomon Islands dollar SBD 677
Somalia Somali shilling SOS 252
South Africa South African rand ZAR 27
South Georgia Island (UK) Pound sterling GBP 500
South Korea South Korean won KRW 82
South Sudan South Sudanese pound SSP 211
Spain European euro EUR 34
Sri Lanka Sri Lankan rupee LKR 94
Sudan Sudanese pound SDG 249
Suriname Surinamese dollar SRD 597
Svalbard and Jan Mayen (Norway) Norwegian krone NOK 47 79
Sweden Swedish krona SEK 46
Switzerland Swiss franc CHF 41
Syria Syrian pound SYP 963
Country Currency Symbol Calling code
Taiwan New Taiwan dollar TWD 886
Tajikistan Tajikistani somoni TJS 992
Tanzania Tanzanian shilling TZS 255
Thailand Thai baht THB 66
Timor-Leste United States dollar USD 670
Togo West African CFA franc XOF 228
Tokelau (New Zealand) New Zealand dollar NZD 690
Tonga Tongan pa’anga TOP 676
Trinidad and Tobago Trinidad and Tobago dollar TTD 1 868
Tristan da Cunha (UK) Pound sterling GBP 290 8
Tunisia Tunisian dinar TND 216
Turkey Turkish lira TRY 90
Turkmenistan Turkmen manat TMT 993
Turks and Caicos Islands (UK) United States dollar USD 1 649
Tuvalu Australian dollar AUD 688
Country Currency Symbol Calling code
Uganda Ugandan shilling UGX 256
Ukraine Ukrainian hryvnia UAH 380
United Arab Emirates UAE dirham AED 971
United Kingdom Pound sterling GBP 44
United States of America United States dollar USD 1
Uruguay Uruguayan peso UYU 598
US Virgin Islands (USA) United States dollar USD 1 340
Uzbekistan Uzbekistani som UZS 998
Country Currency Symbol Calling code
Vanuatu Vanuatu vatu VUV 678
Vatican City (Holy See) European euro EUR 379
Venezuela Venezuelan bolivar VES 58
Vietnam Vietnamese dong VND 84
Country Currency Symbol Calling code
Wake Island (USA) United States dollar USD 808
Wallis and Futuna (France) CFP franc XPF 681
Country Currency Symbol Calling code
Yemen Yemeni rial YER 967
Country Currency Symbol Calling code
Zambia Zambian kwacha ZMW 260
Zimbabwe United States dollar USD 263

Is forex trading a new language for you? Visit our database with basic and advanced definitions

trading terms

Forex trading – currency wars

 

To exchange one currency for another, you need both to be at play. Hence the name “pair”, which refers to the two currencies fighting for a price

forex
MAJORS / HEAVYWEIGHTS

Major currency pairs include the heavily traded (over 80% of the action) EUR, GBP, JPY and CHF against the USD. They also include the commodity pairs of AUD, NZD and CAD against the USD (currency pairs affected by commodity prices since their countries export large amounts of commodities.

MINORS / MIDDLEWEIGHTS

Minor pairs (also known as Crosses) are major currencies that trade with one another and don’t involve the USD. The EUR/GBP is an example of two major currencies trading against each other, rather than against the USD. In this example, the pair can be called Euro Cross, since it involves the Euro.

EXOTICS / LIGHTWEIGHTS

The Exotic currency pairs are the most volatile due to the fact that they get the least action. They usually involve a major currency (though not always the case) trading against a less popular currency like the South African Rand, the Mexican Peso, the Hong Kong Dollar, the Chinese Yuan and others.

Who trades forex?

Forex is decentralized, with no central authority like a bank or government controlling the operations

Every market participant, from a cent trader to a systemically large bank, create the market

There is a ladder of significance though, relative to who gets the best pricing based on size

forex
Tier 1
Interbank market (Deutche Bank, UBS, Barclays, RBS, J.P.Morgan
forex
Tier 2
Electronic Brokering Services (EBS), Refinitiv FXall, Integral, Currenex
forex
Tier 3
Central and commercial banks, Hedge funds, institutions, investment firms
forex
Tier 4
Retail traders, smaller market participants and companies

Factors affecting forex prices

forex

Correlations

 

The alignment of one instrument with another. If they move together there is a positive correlation. If they move in different directions, its negative. If there is no correlation, the relationship is neutral.

forex

How to trade forex?

forex
forex
forex
forex
forex
forex

Forex trading hours

GMT – Monday to Friday

forex

Research and education is key

forex
introducing broker
how to choose a broker

Thinking of monetizing your network?

For any questions or concerns

Our team is available 24/7

Name (required)

Email (required)

Phone (required)

Follow us

on social media

Linkedin
Instagram