Need To Know - 30 Currencies of the World

Posted by buyforexonline on September 15th, 2014

Planning to go globe-trotting? Yes, that sounds exciting, but what’s crucial and often ignored about traveling abroad is a general awareness of the values of currencies in thecountries where you plan to travel. Currently, an increasing number of travelling are switching from traditional means of carrying large sums of cash or swiping their credit cards, since they can withdraw just the right amount of cash needed from ATMs by using a prepaid forex card. Buy Forex Online India Pvt., Ltd. is an apt platform for buying foreign exchange. The platform aims at simplifying purchases on foreign currency exchange in India with D3, i.e., direct doorstep delivery, reload features and competitive rates.
Buy dollars online in India or buy euros online or choose from 9 different currencies of countries where you plan to travel, straight from the comfort of your home. What’s great about buying your Foreign exchange from a website is that they are open 24 x 7 and you can reload funds on your prepaid travel cardfrom anywhere, anytime, by simply logging on to Buy Forex online. Here, we bring forth a list of 30 popular currencies of the world and some fun facts associated with each.

• Australian Dollar (AUD)- Specified with A$ to distinguish from the rest of dollar-denominated currencies.An original paper One Hundred Dollar note is known as a Bradman (referring to Donald Bradman’s 99.94 test cricket batting average. A Five Dollar note is known as Piglet & Rasher (as in bacon due to reddish pink and white colouration)

• British Pound (GBP)-  At various times, pound sterling was bank note backed by gold and silver, but now it is flat money. Ready money (i.e. available cash) has for centuries been referred to in the United Kingdom as "rhino"; Brewer equates this term with "paying through the nose", rhino- being a Greek prefix referring to the nose, that is, paying in cash

• Canadian Dollar (CAD)-  The currency is sometimes referred to as the loonie, owing to the image of a loon on the one-dollar coin.

• European Euro (EUR)- It is the official currency of Eurozone. Inspiration for this currency symbol came from the Greek letter epsilon (?) – a reference to the cradle of European civilization – and the first letter of the word Europe, crossed by two parallel lines to ‘certify’ the euro’s stability.

• Hong Kong Dollar (HKD)- Holds the eight place for being the most traded currency

• Japanese Yen (JPY)-The word “Yen” means “round object” in Japanese. Yen is pronounced "en". Holds the third place for the most traded currency in foreign exchange market.

• Swiss Franc (CHF)-  Legal tender and currency of Leichtenstein and Switzerland. And which 4 languages appear on a Swiss banknote? They are the four national languages of Switzerland: German, Romansh, French, and Italian.

• United States Dollar (USD)- Referred to as US dollar/U.S. dollar/ American dollar/Federal Reserve Note. The first bills were called “greenbacks” after the green ink used on the backs of the bills. 

• Brazilian Real (BRL)- It is divided into 100 centavos. In Portuguese, the Real translates as both “Real” and “Royal”.

• Chilean Peso (CLP)- $ is the symbol used for Peso in Chile.

• Chinese renminbi (CNY)-Renminbi means ‘people’s currency’is currently the official currency, or the legal tender of the People's Republic of China.  It is also known as the Chinese Yuan (CNY) and by the symbol "¥".

• Czech Koruna (CZK)- Since 8 February, 1993, this has been the currency of Czech Republic

• Danish Krone (DKK)- This currency was in Denmark introduced on 1st January, 1875 

• Peruvian Nuevo Sol (PEN): The abbreviation "S/." stands for Nuevo Sol.The 200 Nuevos Soles bill is the highest valued banknote and the front is decorated with the effigy of the Saint Rose of Lima, patron saint of Latin America, India and the Philippines.

• Honduran lempira (HNL)- It is subdivided into 100 centavos

• Hungarian Forint (HUF)-It is subdivided into 100 filler, but filler coins are not in circulation anymore

• Iceland Krona (ISK)- The words ‘Krona’ means crown

• Indian Rupee (INR)- The issuance of this currency is controlled by RBI (Reserve Bank of India). The word ‘rupee’ comes from the Sanskrit word ‘raupya’. The meaning of which is silver.

• Indonesian rupiah (IDR)-The Indonesian rupiah is subdivided into 100 sen, although inflation has rendered all coins and banknotes denominated in sen obsolete.

• Russia- Russian Ruble (RUB)- Derived from Russian verb rubit', which mean ‘to chop’. when the ruble was suffering hyperinflation, the most common nicknames given to currency were "limon" (lemon) for a million rubles and "arbuz" (watermelon) for a billion rubles

• South African rand (ZAR)- It is still the legal tender in Namibia

• Sri Lankan rupee (LKR)- Issued and controlled by Central bank of Sri Lanka 

• Swedish krona (SEK)- Since 1873, it has been the currency of Sweden. In Sweden, money in general is colloquially referred to by the words stålar, deg ("dough") or klöver ("clover")

• Syrian pound (SYP)-  It is issued by Central bank of Syria

• Argentine Peso- It is subdivided into 100 centavos and its ISO 4217 code is ARS

• Polish zloty (PLN)- Zloty literally means ‘golden’. The zloty which literally means "golden", is the currency of Poland

• Romanian leu (RON)- It is divided into 100 bani and the name of the currency means "lion"

• OMAN RIAL: Before 1940, the Indian rupee and the Maria Theresa Thaler (known locally as the rial) were the main currencies circulating in Muscat and Oman

• Singapore dollar (SGD)-  The historic exchangeability of Singaporean dollar and the Brunei dollar is still maintained. Singapore dollar is accepted as "customary tender" in Brunei and Brunei dollar accepted in Singapore.

• Slovak Koruna (SKK)- It is no longer the official Slovak currency. Slovakia switched its currency from the koruna to the euro on 1 January 2009.


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