In order to be able to trade on the Forex market, hundreds of
products such as commodities such as currency pairs, gold, oil, and foreign
stocks like vodafone, bmw are used on all world stock exchanges. Each of these
products, which are processed by the institutions through their own special platforms,
have their own names and codes. Thanks to these codes, the products are
recognized and easily remembered.
If you want to find, what are abbreviations
for international currencies, and what are the aliases of the most commonly used
currencies, you can read our text.
Currency types are referred to by various symbols. These
symbols are followed by names and abbreviations. In many articles and analyzes
you read, you can see these abbreviations and nicknames. If you say that, 'I do not understand what abbreviations are used in market text.i want to use the nickname in the same way', you might want to look at the table below.
- The first two letters of the three-letter abbreviation that we see in the symbols usually identify the country of that currency, while the last letter represents the currency of that country.
- Nicknames are mostly used among the public. They are made up of easy-to-remember names that are often used due to speech or writing habits.
Let's take a look at the abbreviations and nicknames
of the most used products in the Forex market;
Parities; Measures the value of two currency pairs. If we look at the
parities as symbols, the two foreign currencies are written next to each other
and the meaning of the left most currency is to measure the value against the right.
For example;
For example;
EURUSD- The value of the euron against to the dollar,
USDTL- The value of the dollar against to the Turkish lira,
GBPJPY - The value of the British pound against the Japanese yen is
mention and interpret in this way by on the market.
The shape of readings are;
EURUSD- Euro dollar
GBPUSD- Pound dollar
USDJPY - Dollar yen
GBPJPY – Pound yen
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