currencies of different countries.

1. Currencies of
Different countries

2. Meaning of currency:
A currency (from Middle English curraunt, meaning in circulation)
in the most specific use of the word refers to money in any form
when in actual use or circulation, as a medium of exchange,
especially circulating paper money.

3. Trading Currencies
Countries Currencies Symbol ISO code
Estonia Euro € EUR
United States United States dollar $ USD
United Kingdom British pound £ GBP
Australia Australian dollar $ AUD
Canada Canadian dollar $ CAD
United Arab
Emirates
United Arab
Emirates dirham
‫د‬.‫إ‬ AED
Switzerland Swiss franc Fr CHF
China Chinese yuan ¥ or 元 CNY
Malaysia Malaysian ringgit RM MYR
New Zealand New Zealand dollar $ NZD
Japan Japanese yen ¥ JPY

4. History of Currencies
• Euro:
It is used by the institution of European union.
It is official currency of euro zone which
consist of 17 of the 21 members. It is the
second largest reserve currency. The name
euro was officially adopted on 16th December
1995 it is introduced to world financial
markets as a accounting currency on 1st
January 1999.

5. • US Dolor
It is official currency of united state of America
and its overseas territories. The US dolor is a
currency most used in international
transactions and it is one of the worlds
dominant reserve currencies. This currency
was founded in 1972.

6. • Pound
It holds the title of the oldest currency still in
use today. After the American dollar the Euro
and Japanese yen, together with those three
currencies it forms the basket of currencies
which calculate the value of IMF special
drawing rights. It is also the third most held
reserve currency in global reserves.

7. • Australian dollar
It is the currency of common wealth of
Australia . As of 2011 the Australian dollar is
the fifth most traded currency in the world.
Accounting for 7.6% of the worlds daily share
it is popular with currency traders because of
the comparatively high interest rate in
Australia.

8. • Canadian dollar
it is the currency of Canada as of 2012 the
Canadian dollar is the 6th most traded currency
in the world. The Canadian pound was equal to
4 US dollars making 1 pound sterling.

9. • Emirates Dirham
It is an political territory that is ruled by
dynamic Muslim monarch styled.
UAE is the federation of seven emirates i.e.,
Abu Dhabi, Ajman, Dubai, Fujairah, Rasal
kaimah, Sharjah and Umal-quwain.

10. • Swizz Franc
It is the currency and legal tender of
Switzerland. The swizz franc as historically
been consider a safe heaven currency with
virtually zero inflation and a legal requirement
that a minimum of 40% be backed by gold
reserves.

11. • Chinese Yuan:
It is a base unit of a number are of modern
Chinese currency. This symbol is also used to
refer to the currency units of Japan & Korea.
In Chinese literally means a “round object” or
“round coin”

12. • Malaysia:
It is issued by the new central bank called
“bank Negara Malaysia”. On June 12th 1967

13. • New Zealand dollar:
In the context of currencies trading is often
informally called the “kiwi”. Being
approximately 1.6% of global foreign
exchange market daily turnover in 2010. on
Monday 10 July 1967(Decimal currency day)
the New zealand dollar was introduced to
replace the pound at a rate of 2 dollar to 1
pound.

14. Indian Rupee Rates table
Currencies 1.00 INR inv. 1.00 INR
Euro 0.014057 71.139939
US Dollar 0.018332 54.550888
British Pound 0.011998 83.345680
Australian Dollar 0.017739 56.374233
Canadian Dollar 0.018769 53.279641
Emirati Dirham 0.067332 14.851863
Swiss Franc 0.017075 58.564319
Chinese Yuan Renminbi 0.113473 8.812634
Malaysian Ringgit 0.055886 17.893495
New Zealand Dollar 0.021719 46.042649
Japanese yen - 1.7893