Forex Trading Must-Know: Quick Reference Guide to Global Currency Symbols and Keyboard Input Tips

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Why Do Traders Need to Master Currency Symbols of Different Countries?

In the forex market, quickly identifying currencies is crucial. When traders see the euro symbol (€) and the US dollar symbol ($) appearing together in a quote, they need to immediately determine the direction of the trading pair—such as EUR/USD (Euro to US Dollar) or GBP/USD (British Pound to US Dollar). Mastering the currency symbols of various countries not only accelerates trading decisions but also effectively prevents identification errors during trading.

The core function of currency symbols is actually very simple—they are a globally recognized visual identification system. Writing “$100” is far more efficient than “100 US dollars,” especially in high-frequency trading and real-time market data streams.

Overview of Major Forex Trading Currency Symbols

Below are the common major currencies and their corresponding symbols in the global forex market:

Region Country Currency Name Currency Code Symbol
Americas United States US Dollar USD $
Canada Canadian Dollar CAD $
Brazil Brazilian Real BRL R$
Asia China Renminbi CNY ¥ / 元
Taiwan New Taiwan Dollar TWD NT$
Hong Kong Hong Kong Dollar HKD $ / HK$
Japan Japanese Yen JPY ¥
Singapore Singapore Dollar SGD $
South Korea South Korean Won KRW
India Indian Rupee INR
Thailand Thai Baht THB ฿
Vietnam Vietnamese Dong VND
Oceania Australia Australian Dollar AUD A$
New Zealand New Zealand Dollar NZD NZ$
Europe United Kingdom British Pound GBP £
Eurozone Euro EUR
Russia Russian Ruble RUB
Turkey Turkish Lira TRY
Middle East & Africa UAE UAE Dirham AED د.إ
Israel Israeli Shekel ILS
South Africa South African Rand ZAR R

Commonly Confused Currency Symbols

¥ The Dual Identity of the Yen Symbol

The “¥” symbol represents different currencies in various Asian countries, which is a common source of errors in forex trading:

  • In China, ¥100 = 100 Renminbi (CNY)
  • In Japan, ¥100 = 100 Yen (JPY)

To clearly distinguish, industry standard is to add the code before the symbol: CNY¥100 for Renminbi, JPY¥100 for Yen.

$ The Global Usage of the Dollar Sign

The “$” symbol appears to be exclusive to the US dollar, but in fact, over 30 countries use it. In forex documents, a prefix is necessary to differentiate:

Currency Distinguishing Method
US Dollar US$
New Taiwan Dollar NT$
Canadian Dollar C$
Brazilian Real R$
Hong Kong Dollar HK$
Singapore Dollar S$
Australian Dollar A$
New Zealand Dollar NZ$

฿ The Dual Role of the Baht Symbol

“฿” traditionally represents the Thai Baht (THB) in forex markets, but in the cryptocurrency realm, the same symbol is used for Bitcoin. Traders need to interpret based on context.

How to Quickly Input Currency Symbols on the Keyboard?

Whether for report creation or filling out trading forms, mastering shortcut keys can greatly improve efficiency. Here are common methods to input currency symbols:

Mac System Input Methods

Currency Code Symbol Shortcut
Euro EUR Shift + Option + 2
Pound Sterling GBP £ Option + 3
US Dollar USD $ Shift + 4
Yen JPY ¥ Option + Y

Windows System Input Methods

Currency Code Symbol Shortcut
Euro EUR Alt + E
Pound Sterling GBP £ Alt + L
US Dollar USD $ Shift + 4

Actual Meaning of Forex Currency Pairs

In the forex market, currency pairs represent the exchange rate between two currencies. For example, USD/GBP:

  • USD (the first) = base currency
  • GBP (the second) = quote currency
  • Meaning = how many units of GBP one US dollar can buy

Similarly, common currency pairs include EUR/USD (Euro to US Dollar), GBP/JPY (British Pound to Japanese Yen). Traders buy or sell one currency to exchange for another, seeking profit from the price difference.

Mastering currency symbols and code systems is fundamental for becoming a professional forex trader. Whether reading market reports, filling out trading forms, or quickly identifying trading pairs, correct use of symbols makes your trading process smoother and more efficient.

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