A Quick Guide to Understanding Global Currency Symbols: From $ to £

Why Do You Need to Learn Currency Symbols?

When engaging in forex trading and international investments, quickly identifying different countries’ currencies is crucial. Currency symbols serve as a visual shorthand tool that helps traders instantly determine the type of currency involved and market trends. Compared to writing out full currency names, using symbols saves time and reduces writing errors. For example, $40 is more concise and easier to read than 40 US dollars, and €50 is clearer than 50 euros.

Quick Keyboard Input Tips: How to Type US Dollar, Euro, and Pound Symbols

Want to quickly input common currency symbols? Here are shortcut methods for Mac and Windows systems:

Currency Currency Code Symbol Mac Shortcut Windows Shortcut
Euro EUR Shift+option+2 Alt+E
Pound GBP £ Option+3 Alt+L
US Dollar USD $ Shift+4 Shift+4
Japanese Yen JPY ¥ Option+Y Alt+Y

Mastering these shortcuts makes entering common currency symbols effortless.

Overview of Major Global Currency Symbols

Region Country Currency Name Currency Code Currency Symbol
Americas USA US Dollar USD $
Canada Canadian Dollar CAD C$
Brazil Brazilian Real BRL R$
Asia China Renminbi CNY
Taiwan New Taiwan Dollar TWD NT$
Hong Kong Hong Kong Dollar HKD HK$
Japan Japanese Yen JPY ¥
Singapore Singapore Dollar SGD S$
South Korea South Korean Won KRW
India Indian Rupee INR
Indonesia Indonesian Rupiah IDR Rp
Malaysia Malaysian Ringgit MYR RM
Philippines Philippine Peso PHP
Thailand Thai Baht THB ฿
Vietnam Vietnamese Dong VND
Oceania Australia Australian Dollar AUD A$
New Zealand New Zealand Dollar NZD NZ$
Europe UK Pound Sterling GBP £
Eurozone Euro EUR
Russia Russian Ruble RUB
Ukraine Ukrainian Hryvnia UAH
Turkey Turkish Lira TRY
Middle East & Africa UAE UAE Dirham AED د.إ
Israel New Shekel ILS
Nigeria Naira NGN
Kenya Kenyan Shilling KES Ksh
South Africa South African Rand ZAR R

Commonly Confused Currency Symbols

¥ Symbol’s Dual Meanings

The “¥” symbol is used across several Asian countries but represents different currencies. In Japan, ¥ stands for Japanese Yen (JPY); in China, ¥ stands for Renminbi (CNY). To avoid confusion, you can add the currency code before the symbol, e.g., CNY¥100 for 100 yuan, JPY¥100 for 100 yen.

$ Symbol Used in Over 30 Countries

Many people associate “$” with the US dollar, but over 30 countries and regions use this symbol for their own currencies. Common usages include:

Currency Name English Name Symbol Differentiation
US Dollar United States dollar US$
New Taiwan Dollar New Taiwan dollar NT$
Canadian Dollar Canadian dollar C$
Brazilian Real Brazilian real R$
Hong Kong Dollar Hong Kong dollar HK$
Singapore Dollar Singapore dollar S$
Australian Dollar Australian dollar A$
New Zealand Dollar New Zealand dollar NZ$

Adding the country code before “$” helps accurately distinguish currencies from different countries.

฿ Symbol’s Dual Identity

In traditional forex markets, “฿” represents the Thai Baht. However, with the rise of cryptocurrencies, the same symbol is also used to denote Bitcoin. Therefore, context is essential to determine which asset is being referenced during trading.

Understanding Forex Currency Pairs

In forex trading, currency pairs refer to the exchange rate between two different currencies. For example, EUR/USD indicates the exchange rate of euros to US dollars, while GBP/JPY shows the rate of British pounds to Japanese yen.

Taking USD/GBP as an example, this currency pair symbol expresses how many British pounds one US dollar can buy. USD is called the base currency, and GBP is the quote or relative currency. Investors buy or sell one currency to exchange for the other, seeking profit opportunities.

Mastering these currency symbols and codes is highly beneficial for conducting international transactions and forex investments.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)