A currency code is a three-letter or four-letter abbreviation used as a standardized way of identifying a particular currency in financial transactions or financial reporting systems around the world. These codes are maintained by international organizations such as the International Organization for Standardization (ISO) and the International Monetary Fund (IMF).
The United Arab Emirates dirham (AED) is the official currency of the United Arab Emirates (UAE), which includes seven emirates, namely Abu Dhabi, Dubai, Sharjah, Ajman, Umm Al Quwain, Ras Al Khaimah, and Fujairah. The dirham is divided into 100 fils, although fils coins are no longer in circulation since 2002 due to inflation and increased use of electronic payment methods. The dirham is pegged to a basket of currencies, primarily the US dollar, euro, and Japanese yen, at a fixed rate of 3.6725 AED to 1 USD. The Central Bank of the UAE is responsible for issuing and managing the currency.
The Australian dollar is the fifth most widely used currency, accounting for approximately 3% of all foreign exchange transactions. It is the official currency of Australia.
The Bahraini Dinar (symbol: BD or BHD) is the currency used in the Kingdom of Bahrain, an island nation in the Persian Gulf. One Bahraini Dinar is divided into 1,000 fils (singular: fil) or dirhams (singular: dirham). The dinar is one of the highest-valued currencies in the world, with a fixed exchange rate of 0.376 dinars to one US dollar. In practical terms, this means that one US dollar is equivalent to approximately 2.65 Bahraini dinars.
The Canadian dollar is the seventh most widely used currency, accounting for approximately 2% of all foreign exchange transactions. It is the official currency of Canada.
The Swiss franc is the sixth most commonly used currency, accounting for approximately 2% of all foreign exchange transactions. It is the official currency of Switzerland.
The Chinese yuan, also known as the renminbi, is the eighth most commonly used currency, accounting for approximately 2% of all foreign exchange transactions. It is the official currency of the People's Republic of China.
The Djiboutian Franc (DJF) is the official currency of Djibouti, an East African country. Its ISO 4217 code is DJF, and it is subdivided into 100 centimes. The franc replaced the French colonial currency, the CFA Franc, in 1949, and it has remained the national currency of Djibouti since then. The Central Bank of Djibouti is responsible for issuing and managing the Djiboutian Franc. As of 2021, the exchange rate for 1 USD is approximately 195 DJF.
The Danish krone (symbol: kr; code: DKK) is the currency used in Denmark (including Greenland), the Faroe Islands, and Åland (an autonomous archipelago belonging to Finland). It is subdivided into 100 øre. The krone is pegged to the euro at a fixed exchange rate of approximately 7.46 krone to 1 euro. As of 2021, the krone is ranked 35th in the most traded currencies in the world by value.
The Algerian Dinar (symbol: دزد, DZD) is the official currency of Algeria. It is divided into 100 centimes (singular: centime). The dinar is pegged to the euro at a fixed rate of 120 dinars per euro, making it one of the most stable currencies in Africa and the Middle East in terms of exchange rate with major currencies like the euro and the US dollar.
The Egyptian pound (symbolized as EGP or LE) is the official currency used in Egypt since its independence in 1922 (formerly known as the Egyptian pound sterling). One Egyptian pound is divided into 100 piastres (or piasters). The current exchange rate of the Egyptian pound as of [insert date] is approximately [insert exchange rate] against major currencies such as the US dollar, euro, and British pound.
The Euro is the second most commonly used currency, with over 20% of all foreign exchange transactions involving EUR. It is the official currency of the eurozone, which includes 19 European Union member states.
The British pound is the fourth most commonly used currency, accounting for approximately 13% of all foreign exchange transactions. It is the official currency of the United Kingdom.
The Hong Kong dollar is the ninth most widely used currency, accounting for approximately 1% of all foreign exchange transactions. It is the official currency of Hong Kong.
The Hong Kong dollar (HKD) is the official currency of Hong Kong. It is divided into 100 cents, and its symbol is "$" followed by "HK" or "HK$" to distinguish it from other currencies that use the dollar sign. The Hong Kong Monetary Authority (HKMA) is responsible for issuing and managing the Hong Kong dollar. As of October 2021, the exchange rate for 1 USD is approximately 7.75 HKD.
The Indonesian Rupiah (IDR) is the currency used in Indonesia. Its symbol is Rp or IDR, and it is divided into 100 sen (cents). As of [insert current date], the exchange rate for IDR is approximately [insert current exchange rate] to one US dollar (USD). The Indonesian government manages the value of IDR through various monetary policies, including interest rate adjustments, foreign exchange interventions, and reserve requirements for banks.
The only legal tender currency used in India is the Indian rupee (INR). The ISO code for the Indian rupee is INR and its symbol is ₹ (rupee sign). The rupee is divided into 100 paise, but paise are not commonly used in everyday transactions. The Reserve Bank of India (RBI) is responsible for regulating the Indian currency and issuing banknotes in denominations of ₹5, ₹10, ₹20, ₹50, ₹100, ₹500, and ₹2000 rupees (as of 2021).
The Iraqi dinar (symbol: د. ع. ; code: IQD) is the currency used in Iraq. Its ISO 4217 code is IQD, and it is subdivided into 1,000 fils. The dinar was first introduced in 1931, replacing the Indian rupee at a rate of 1 dinar = 10 rupees. The current dinar is the third iteration of the currency, with the most recent redesign occurring in 2013. The Central Bank of Iraq is responsible for issuing and managing the currency.
In recent years, there has been some speculation and misinformation about the potential for the dinar to significantly appreciate in value, leading to a rise in the value of dinar-denominated investments. However, the Iraqi government has repeatedly stated that there are no plans to redenominate the currency or significantly alter its value. As a result, the dinar's value is currently fixed at 1,179.50 dinars per US dollar, and it is not widely traded on international currency markets.
The Jordanian Dinar (JOD or JD) is the official currency of Jordan. It is divided into 100 piastres (also called qurush) in smaller denominations, but piastres are rarely used in everyday transactions as most prices are rounded to the nearest dinar. The Jordanian Dinar is pegged to a basket of currencies, including the US dollar, the euro, and the British pound, and is considered one of the strongest currencies in the Middle East due to its high value compared to other currencies in the region. As of August 2021, the exchange rate for one Jordanian Dinar is approximately USD $1.41 or EUR €1.19 or GBP £1.16.
The Japanese yen is the third most widely used currency, accounting for approximately 17% of all foreign exchange transactions. It is the official currency of Japan.
The Comorian franc (symbol: KMF; ISO code: KMF) is the currency used in the Comoros, an archipelago nation located in the Indian Ocean. It is divided into 100 centimes. The franc is pegged to the euro at a fixed rate of 655.957 CFA francs (a regional currency used by several neighboring countries) per euro, which is equivalent to approximately 1,100 Comorian francs per euro. As of 2021, the value of one Comorian franc is approximately 0.0017 euros.
The South Korean Won (symbol: ₩; code: KRW) is the official currency of South Korea. It is subdivided into 100 jeon (jeon is no longer used in everyday transactions). The won is pegged to a basket of currencies including the US dollar, euro, and yen. As of August 2021, the exchange rate for 1 USD is approximately 1,120 KRW.
The Kuwaiti Dinar (symbol: د.ك; code: KWD) is the currency used in Kuwait. It is subdivided into 1000 fils (singular form is fil). The dinar is one of the highest-valued currencies in the world, with a fixed exchange rate of 0.302 dinars per US dollar. In practice, this means that one Kuwaiti dinar is worth approximately 3.30 US dollars. The high value of the dinar makes it a popular currency for foreign exchange speculation.
The Lebanese Pound (LBP), also known as the Lebanese Lira (LL), is the official currency of Lebanon. Its ISO 4217 code is LBP. One Lebanese pound is divided into 100 piastres. The current exchange rate against major currencies like the US dollar is subject to fluctuations due to political instability in Lebanon's economy over recent years. As of my last update (August 2021), the exchange rate is approximately 1 USD = 15,000 LBP.
The Libyan Dinar (symbol: LYD; code: LYD) is the official currency of Libya since its introduction in December of1971 (replacing the Libyan pound). It is subdivided into one thousand dirhams. The dinar is pegged to a basket of currencies, primarily the euro and the US dollar, at a fixed rate of 1 LYD = approximately €0.96 or $1.40 USD as of August 2021. The Central Bank of Libya is responsible for issuing and managing the Libyan Dinar.
The Moroccan dirham (symbol: DH; code: MAD) is the official currency used in Morocco since 1960. It is divided into hundred centimes (singular: centime), although centimes are no longer in circulation as they are no longer used in everyday transactions. The Moroccan dirham is pegged to a basket of currencies, including the euro, the dollar, and the yen, and is not freely convertible. As of my last update (September 2021), the exchange rate is approximately 10 MAD to 1 USD.
The Mauritanian ouguiya (symbol: ₵; code: MRU) is the official currency of Mauritania. It is divided into 100 kobos (singular: kobo; symbol: ₵₰). The ouguiya was introduced in 1973, replacing the CFA franc at parity. The name "ouguiya" comes from the Berber word for "sheep's horn," which is a traditional symbol of wealth in Mauritania. The current series of banknotes features images of Mauritanian cultural and historical landmarks, such as the ancient city of Oualata and the Grand Mosque of Nouakchott.
The Norwegian krone (NOK) is the currency used in Norway. Its ISO 4217 code is NOK. The krone is subdivided into 100 øre (singular: øre). The krone is pegged to a basket of currencies known as the euro bloc basket (EBB), which includes the euro, the US dollar, the Japanese yen, the British pound sterling, and the Swedish krona. This pegging system helps to stabilize the krone's exchange rate and provides some protection against fluctuations in global financial markets.
The New Zealand dollar is the tenth most commonly used currency, accounting for approximately 1% of all foreign exchange transactions. It is the official currency of New Zealand.
The Omani Rial (OMR) is the official currency of Oman. It is divided into 1,000 baisas (singular: baiza). The symbol for the Omani Rial is ر.ي (Rial sign followed by a period). The current exchange rate of OMR to USD is approximately 2.6 OMR to 1 USD (as of August 2021).
The Philippine Peso (PHP) is the official currency of the Philippines. Its symbol is ₱ or Php, and its ISO 4217 code is PHP. One peso is divided into 100 centavos, although centavos are no longer commonly used in everyday transactions. The peso is pegged to a basket of currencies, primarily the US dollar, and is managed by the Bangko Sentral ng Pilipinas (BSP), the country's central bank, which is responsible for regulating its value and ensuring its stability.
The Qatari Riyal (symbol: ر.ي; code: QAR) is the official currency of the State of Qatar. It is divided into 100 dirhams, although dirhams are no longer in use. The Qatari Riyal is pegged to the U.S. Dollar at a fixed rate of 3.64 QAR to 1 USD.
The Chinese Yuan, also known as the Renminbi (RMB), is the official currency of the People's Republic of China. It replaced the previous currency, the yuan, in 1948 and has been gradually liberalized and internationalized in recent years. The RMB is not fully convertible and is still subject to certain capital controls, but it is becoming increasingly integrated into the global financial system. As of 2021, the RMB is the fifth most traded currency in the world, behind the US dollar, euro, Japanese yen, and British pound.
The Saudi Riyal (SAR) is the official currency of Saudi Arabia, with the symbol SR or S.R. It is pegged to a fixed exchange rate of 3.75 riyals to one US dollar, making it one of the most stable currencies in the Middle East region. The riyal is issued by the Saudi Arabian Monetary Agency (SAMA), which also manages the country's monetary policy. The riyal is widely used in Saudi Arabia and is accepted as legal tender in some neighboring countries, such as Bahrain and the United Arab Emirates.
The Sudanese Pound (symbol: ل.س., abbreviation: SDG) is the official currency of Sudan. It is subdivided into 100 piastres (singular: قرش, plural: قروش, symbol: پ). The Sudanese Pound is pegged to the US dollar at a fixed exchange rate of 6.5 SDG per US dollar. However, due to the ongoing economic crisis in Sudan, the value of the Sudanese Pound has been fluctuating significantly in recent years.
The current exchange rate for 1 Swedish krona (SEK) as of [insert date] is approximately [insert exchange rate] US dollars (USD) based on data from reputable sources such as the International Monetary Fund (IMF) or XE.com. This rate may fluctuate due to various economic and political factors, so it's always best to check the latest exchange rate before making any financial transactions.
The Singapore dollar (SGD) is the official currency of Singapore. It is divided into 100 cents. The currency symbol for the Singapore dollar is $ (dollar sign) followed by the currency code SGD. The Singapore dollar is widely used in nearby countries such as Malaysia, Indonesia, and Brunei due to their close economic ties with Singapore. The Central Bank of Singapore, also known as the Monetary Authority of Singapore, is responsible for regulating and managing the Singapore dollar.
The Somali Shilling SOS (Somali Shillings per US Dollar) is the official currency exchange rate between the Somali Shilling and the US Dollar. The SOS rate is determined by the demand and supply of the currency in the foreign exchange market, as well as other economic and political factors. The Central Bank of Somalia is responsible for managing the country's monetary policy and maintaining the stability of the Somali Shilling. However, due to the ongoing conflict and instability in Somalia, the SOS rate can be volatile and subject to fluctuations.
The Syrian Pound (symbol SYP, code SYP) is the official currency of Syria. Its value has been declining significantly due to the ongoing Syrian civil war and economic sanctions against the Syrian government. As of August 2021, one US dollar is equivalent to approximately 270 Syrian pounds (SYP).
Thai Baht (THB) is the official currency of Thailand. It is denoted by the symbol ฿ (baht sign) or B (for banknotes and coins). The baht is divided into 100 satang, although satang coins are no longer commonly used in everyday transactions. The value of the Thai baht is managed by the Bank of Thailand. As of August 2021, the exchange rate of the Thai baht is approximately 34 baht to 1 US dollar.
The Tunisian Dinar (symbol: DT; code: TND) is the currency used in Tunisia. It is divided into 1,000 milims (singular: millim). The dinar is pegged to the euro at a fixed rate of 1 euro = 3.287 dinars (as of August 2021). This fixed exchange rate has been maintained since 1994 as part of Tunisia's economic reform program aimed at stabilizing the economy and promoting foreign investment.
The Taiwan New Dollar (TWD) is the official currency of Taiwan (also known as Republic of China). Its symbol is "$" followed by "NT" (for New Taiwan Dollar) or simply "$". The New Taiwan Dollar replaced the old Taiwan Dollar at parity in July 1949 after Taiwan became self-governing. The central bank responsible for issuing and managing the currency is the Central Bank of the Republic of China (Taiwan). The New Taiwan Dollar is divided into 100 cents.
The US dollar is the most widely used currency in the world, with over 60% of all foreign exchange transactions involving USD. It is accepted as legal tender in many countries, including the United States, Canada, and several Caribbean and Pacific islands.
The Vietnamese dong (VND) is the official currency used in Vietnam. Its symbol is ₫ or d or VNĐ (with a dot underneath). One dong is divided into 10 hào (hundred) or 100 xu (penny). The current exchange rate (as of August 2021) is approximately 23,000 VND to 1 USD.