Van As you know, each country its own currency in the international market are given a special code for each currency Symbol know him to facilitate the interaction between traffickers without errors occur for example, may resemble several countries in the currency with which the name. The dollar is the currency of the United States of America name and currency and coin Australia, Canada and many other countries, even to talk to errors when buying and selling has been internationally agreed that the currency of each country is given its own symbol known in various parts of the world icon.
For example, the US dollar is the symbol USD Acronym U.S dollar
And the symbol of the Canadian dollar CAD is short for Canadian dollar
And the symbol of the Australian dollar is AUD short for Australian dollar
Thus, for each trace any country has its own code symbol know its currency.
And you, in principle, you can buy and sell currency of any country in the world. But trading the currency market is concentrated mainly to the sale and purchase of four currencies, namely:
Euro: a single European currency symbol EUR.
Japanese Yen: Japan's currency, a symbol JPY Acronym for Japanese yen.
Pound: Britain, a currency symbol GBP short for Great Britain pound.
Swiss franc: Switzerland, which is the currency symbol CHF short for Confidralic Helevitica Franc.
In the currency market are 80% of the trading in the sale and purchase of the previous four currencies. But compared to what?
That is, when you want to buy the euro, what will pay interview? When you want to sell the euro so what you'll get?
When you want to buy the yen will pay what interview? When you want to sell the yen so what you'll get? On the US dollar.
Dealing buying and selling of currencies former is all against the US dollar.
Remember we said that currency trading pairs are in the form of pairs When you buy a currency that it must sell - pay - against which other currency, and vice versa. The currency that you get is the currency you are buying and the currency that is driven by the currency in which it sells.
In the currency market when you buy a euro sell the US dollar interview, and when you sell the euro will buy the US dollar interview. When you buy and sell the yen the dollar interview, when the yen selling will buy the dollar interview. Thus, the pound and the Swiss franc.
You may wonder:
Why are most of the transactions in these currencies in particular?
Can not buying and selling other currencies?
Answer: Did you ever think that you go to the cashier and ask to buy Thai Baht? !! If you try to find it difficult to find the ATM sell you Thai Baht.
Why ? Because few people are can use the Thai currency in your country.
But if I went to the cashier to buy or sell the US dollar or pound sterling example Vstgdama with ease because there are a lot of people they are dealing understanding of these two currencies are acceptable not only in the United States and Britain, but also from around the world that any demand on them is high.
Because the euro and the yen and the pound sterling and the US dollar are the currencies with the largest economy in the world countries, and because most of the dealings between nations and individuals are in one of these currencies is therefore 80% of the trading in these currencies.
The Swiss Franc doubtless that the Swiss economy on the strength of the economy, outweighing the previous four countries, however, the global custom-make of the economy and its currency the Swiss franc is a safe haven when the major international calamities, and no doubt you know that most of the world's rich keep their money in Swiss banks .. !! Because the US dollar is the most important of these currencies at all. It is the main currency for every previous four currencies.
When you buy a euro, you pay the dollar and sell them when you get a dollar. When you buy the Swiss franc, you pay the dollar and sell them when you get a dollar. As well as for the yen and the pound sterling.
The dollar is the common currency against all currencies where every other currency dealing separately against the dollar:
The euro against the dollar EUR / USD
The pound sterling against the dollar GBP / USD
The dollar against the Japanese Yen USD / JPY
USDCHF USD / CHF
These four currencies are called when they are bought and sold against the dollar major currencies Major Currencies in short Majors.
Other currencies
In addition to dealing previous four currencies against the dollar, you can also buy and sell currencies of other countries in the currency market is also against the dollar, such as:
- The US dollar against the Canadian dollar USD / CAD.
- The Australian dollar against the US dollar AUD / USD.
No you when you buy the Canadian dollar would sell - pay - the US dollar, and when you sell the Canadian dollar would buy the US dollar. The same thing applies to the Australian dollar.
Of course you can buy any currency against the dollar, for example, you can buy the Saudi riyal and dollar selling as you do when you go to a money exchanger.
But in the international currency market, the majority of speculators do not exceed the currencies in which we have mentioned is concentrated 80% of the deal on the four major currencies against the dollar.
This gives the advantage of focusing the shops currency market from other traders to other markets.
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