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Written by Sarah Abbas
Updated 29 August 2025
Table of Contents
This World Currency List and Symbols for 2025 brings together more than 180 global currencies, complete with their official names, signs, and ISO codes. Knowing these details is useful not only for forex traders and investors, but also for travelers, students, and anyone dealing with international payments.
By understanding how currencies and their symbols are standardized, you can read exchange rates more easily, recognize currency signs at a glance, and use ISO codes for accurate financial transactions.
Key Takeaways
The World Currency List and Symbols 2025 covers over 180 official currencies, detailing their names, ISO codes, and signs, helping readers distinguish between money systems worldwide.
Understanding the difference between currency names, symbols, and ISO codes is essential for forex traders, investors, and travelers to navigate exchange rates and financial transactions accurately.
While some currencies like the US Dollar (USD), Euro (EUR), and Japanese Yen (JPY) dominate global trade and reserves, others are regionally shared, pegged, or even considered the world’s strongest or weakest by exchange rate value.
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At its core, currency refers to a system of money in use within a specific country or region. It serves as the accepted medium of exchange for goods and services, making trade possible both locally and internationally.
In simple terms, currency meaning is the practical form of money that people carry, whether in coins, paper notes, or increasingly in digital formats.
It is important to distinguish between currency, money, and legal tender. Money is the broader concept, it represents the idea of value used for exchange, store of wealth, and measurement of worth.
Currency is the physical or digital representation of that money, like the US Dollar (USD) or Euro (EUR).
Legal tender, on the other hand, is the form of currency that a government officially recognizes for settling debts. For example, while gold has historically been considered money, only the notes and coins issued by a central bank count as legal tender today.
In the context of international money, currencies act as the backbone of global trade and investment. They allow countries to buy and sell across borders, investors to manage assets worldwide, and travelers to exchange value seamlessly. Without standardized currencies, modern global commerce would not exist.
The ISO 4217 currency codes are the international standard used to identify currencies worldwide. Each currency is assigned a unique three-letter code, such as USD for the United States Dollar, EUR for the Euro, and JPY for the Japanese Yen. This system ensures consistency in global finance and prevents confusion between currencies with similar names.
ISO codes matter because they provide clarity and precision in international money transactions. For example, the “dollar” is used in multiple countries: the US Dollar (USD), Canadian Dollar (CAD), and Australian Dollar (AUD). Without standardized ISO codes, distinguishing between them in banking, trading, or travel would be difficult.
ISO codes vs. currency symbols:
ISO codes: Alphabetic identifiers like USD, EUR, GBP.
Symbols: Graphic representations like $, €, £.
Key difference: ISO codes are used in professional and financial settings, while symbols are common in everyday prices and receipts.
When to use names, symbols, and codes:
Currency names (Euro, Yen): general references in text.
Symbols ($, €): everyday usage such as shopping, invoices, or receipts.
ISO codes (USD, EUR): financial reports, forex platforms, and cross-border banking.
Currency symbols and signs are the graphic representations used to denote money in everyday life. They make it easy to identify a currency at a glance, whether on receipts, price tags, or trading screens. Unlike ISO codes, which use three letters, symbols are designed for quick recognition.
Symbol: A graphic mark, such as ₹ for the Indian Rupee or $ for the US Dollar.
Sign: Often interchangeable with “symbol,” but in some contexts refers to the written mark that represents the currency (e.g., £).
Code: The standardized three-letter ISO 4217 format, such as INR for the Indian Rupee.
Example:
₹ = symbol
INR = code
Rupee = currency name
Short history of major symbols:
$ (Dollar): Originated from the Spanish peso (“pieces of eight”), later adapted in the US in the late 18th century.
£ (Pound Sterling): Derived from the Latin libra, meaning weight or balance.
€ (Euro): Introduced in 1999, designed to represent stability and unity in the European Union.
¥ (Yen/Yuan): Based on the Chinese character for “round object,” reflecting the shape of coins.
Together, these currency symbols simplify international money use, bridging the gap between technical ISO codes and everyday financial transactions.
Here’s the most updated global currency list for 2025 featuring more than 180 countries and territories. The table includes official currency and country names, ISO 4217 codes, symbols/signs, and important notes (like pegged rates or monetary unions).
Country
Currency Name
ISO Code
Symbol / Sign
Notes
Afghanistan
Afghani
AFN
؋
Independent currency
Albania
Lek
ALL
L
Algeria
Algerian Dinar
DZD
دج
Andorra
Euro
EUR
€
Uses EUR (no national currency)
Angola
Kwanza
AOA
Kz
Antigua & Barbuda
East Caribbean Dollar
XCD
$
Shared currency (Eastern Caribbean)
Argentina
Argentine Peso
ARS
Armenia
Armenian Dram
AMD
֏
Australia
Australian Dollar
AUD
Austria
Uses EUR (Eurozone member)
Azerbaijan
Azerbaijani Manat
AZN
₼
Bahamas
Bahamian Dollar
BSD
Pegged 1:1 USD
Bahrain
Bahraini Dinar
BHD
.د.ب
Pegged to USD
Bangladesh
Taka
BDT
৳
Barbados
Barbadian Dollar
BBD
Pegged 2:1 USD
Belarus
Belarusian Ruble
BYN
Br
Belgium
Belize
Belize Dollar
BZD
Benin
West African CFA Franc
XOF
Fr
Shared currency (West African Union)
Bhutan
Ngultrum
BTN
Nu.
Pegged 1:1 INR
Bolivia
Boliviano
BOB
Bs.
Bosnia & Herzegovina
Convertible Mark
BAM
KM
Pegged to EUR
Botswana
Pula
BWP
P
Brazil
Brazilian Real
BRL
R$
Brunei
Brunei Dollar
BND
Pegged to SGD
Bulgaria
Bulgarian Lev
BGN
лв
Burkina Faso
Burundi
Burundian Franc
BIF
Cambodia
Riel
KHR
៛
Cameroon
Central African CFA Franc
XAF
Shared currency (Central African Union)
Canada
Canadian Dollar
CAD
Cape Verde
Cape Verdean Escudo
CVE
Central African Republic
Chad
Chile
Chilean Peso
CLP
China
Renminbi (Yuan)
CNY
¥
Colombia
Colombian Peso
COP
Comoros
Comorian Franc
KMF
Congo (DRC)
Congolese Franc
CDF
Congo (Republic)
Costa Rica
Costa Rican Colón
CRC
₡
Croatia
Adopted EUR in 2023
Cuba
Cuban Peso
CUP
Cyprus
Czech Republic
Czech Koruna
CZK
Kč
Denmark
Danish Krone
DKK
kr
Djibouti
Djiboutian Franc
DJF
Dominica
Dominican Republic
Dominican Peso
DOP
Ecuador
US Dollar
USD
Dollarized economy
Egypt
Egyptian Pound
EGP
£ / ج.م
El Salvador
US Dollar / Bitcoin
USD / BTC
$ / ₿
Officially USD + BTC
Equatorial Guinea
Eritrea
Nakfa
ERN
Nfk
Estonia
Eswatini (Swaziland)
Lilangeni
SZL
E
Pegged to ZAR
Ethiopia
Ethiopian Birr
ETB
Fiji
Fijian Dollar
FJD
Finland
France
Gabon
Gambia
Gambian Dalasi
GMD
D
Georgia
Georgian Lari
GEL
₾
Germany
Ghana
Ghanaian Cedi
GHS
₵
Greece
Grenada
Guatemala
Guatemalan Quetzal
GTQ
Q
Guinea
Guinean Franc
GNF
Guinea-Bissau
Guyana
Guyanese Dollar
GYD
Haiti
Haitian Gourde
HTG
G
Honduras
Honduran Lempira
HNL
Hungary
Hungarian Forint
HUF
Ft
Iceland
Icelandic Krona
ISK
India
Indian Rupee
INR
₹
Indonesia
Indonesian Rupiah
IDR
Rp
Iran
Iranian Rial
IRR
﷼
Iraq
Iraqi Dinar
IQD
ع.د
Ireland
Israel
Israeli New Shekel
ILS
₪
Italy
Ivory Coast (Côte d'Ivoire)
Jamaica
Jamaican Dollar
JMD
Japan
Japanese Yen
JPY
Jordan
Jordanian Dinar
JOD
د.ا
Kazakhstan
Kazakhstani Tenge
KZT
₸
Kenya
Kenyan Shilling
KES
Sh
Kiribati
Uses foreign currency
Korea, North
North Korean Won
KPW
₩
Korea, South
South Korean Won
KRW
Kuwait
Kuwaiti Dinar
KWD
د.ك
One of the strongest currencies
Kyrgyzstan
Kyrgyzstani Som
KGS
с
Laos
Lao Kip
LAK
₭
Latvia
Lebanon
Lebanese Pound
LBP
ل.ل
Pegged/managed
Lesotho
Lesotho Loti
LSL
Pegged to South African Rand
Liberia
Liberian Dollar
LRD
Libya
Libyan Dinar
LYD
ل.د
Liechtenstein
Swiss Franc
CHF
Lithuania
Luxembourg
Madagascar
Malagasy Ariary
MGA
Ar
Malawi
Malawian Kwacha
MWK
MK
Malaysia
Malaysian Ringgit
MYR
RM
Maldives
Maldivian Rufiyaa
MVR
Rf
Mali
Shared currency (WAEMU)
Malta
Marshall Islands
United States Dollar
Mauritania
Mauritanian Ouguiya
MRU
UM
Mauritius
Mauritian Rupee
MUR
₨
Mexico
Mexican Peso
MXN
Micronesia
Moldova
Moldovan Leu
MDL
Monaco
Mongolia
Mongolian Tögrög
MNT
₮
Montenegro
Uses EUR (not official EU member)
Morocco
Moroccan Dirham
MAD
د.م
Mozambique
Mozambican Metical
MZN
MT
Myanmar
Burmese Kyat
MMK
K
Namibia
Namibian Dollar
NAD
Nauru
Nepal
Nepalese Rupee
NPR
Pegged to Indian Rupee
Netherlands
New Zealand
New Zealand Dollar
NZD
Nicaragua
Nicaraguan Córdoba
NIO
C$
Niger
Nigeria
Nigerian Naira
NGN
₦
North Macedonia
Macedonian Denar
MKD
ден
Norway
Norwegian Krone
NOK
Oman
Omani Rial
OMR
ر.ع.
Pakistan
Pakistani Rupee
PKR
Palau
Panama
Panamanian Balboa
PAB
B/.
Pegged to USD (also uses USD)
Papua New Guinea
Papua New Guinean Kina
PGK
Paraguay
Paraguayan Guaraní
PYG
₲
Peru
Peruvian Sol
PEN
S/
Philippines
Philippine Peso
PHP
₱
Poland
Polish Zloty
PLN
zł
Portugal
Qatar
Qatari Riyal
QAR
ر.ق
Romania
Romanian Leu
RON
lei
Russia
Russian Ruble
RUB
₽
Rwanda
Rwandan Franc
RWF
FRw
Saint Kitts and Nevis
Saint Lucia
Saint Vincent and the Grenadines
Samoa
Samoan Tala
WST
WS$
San Marino
Saudi Arabia
Saudi Riyal
SAR
ر.س
Senegal
CFA
Serbia
Serbian Dinar
RSD
din
Seychelles
Seychellois Rupee
SCR
Sierra Leone
Sierra Leonean Leone
SLL
Le
Singapore
Singapore Dollar
SGD
Slovakia
Slovenia
Solomon Islands
Solomon Islands Dollar
SBD
SI$
Somalia
Somali Shilling
SOS
South Africa
South African Rand
ZAR
R
South Korea
South Sudan
South Sudanese Pound
SSP
£
Spain
Sri Lanka
Sri Lankan Rupee
LKR
Sudan
Sudanese Pound
SDG
ج.س
Suriname
Surinamese Dollar
SRD
Sweden
Swedish Krona
SEK
Switzerland
Syria
Syrian Pound
SYP
Taiwan
New Taiwan Dollar
TWD
NT$
Tajikistan
Tajikistani Somoni
TJS
SM
Tanzania
Tanzanian Shilling
TZS
Thailand
Thai Baht
THB
฿
Timor-Leste
Togo
Tonga
Tongan Paʻanga
TOP
T$
Trinidad and Tobago
Trinidad and Tobago Dollar
TTD
TT$
Tunisia
Tunisian Dinar
TND
د.ت
Turkey
Turkish Lira
TRY
₺
Turkmenistan
Turkmenistani Manat
TMT
m
Tuvalu
Uganda
Ugandan Shilling
UGX
Ukraine
Ukrainian Hryvnia
UAH
₴
United Arab Emirates
UAE Dirham
AED
د.إ
United Kingdom
Pound Sterling
GBP
United States
World’s primary reserve currency
Uruguay
Uruguayan Peso
UYU
$U
Uzbekistan
Uzbekistani Som
UZS
soʻm
Vanuatu
Vanuatu Vatu
VUV
VT
Vatican City
Venezuela
Venezuelan Bolívar
VES
High inflation currency
Vietnam
Vietnamese Dong
VND
₫
Yemen
Yemeni Rial
YER
Zambia
Zambian Kwacha
ZMW
ZK
Zimbabwe
Zimbabwean Dollar
ZWL
Z$
Reintroduced, history of hyperinflation
For quick reference and offline access, you can download the complete all countries currency names list PDF (link this too). This document provides detailed information about every country’s official currency name, signs, international symbols, and ISO codes. Whether you are a student, trader, or researcher, this PDF is a reliable resource for understanding global currencies at a glance.
All Countries Currency Name List PDF Download
The world currency list and symbols can be better understood by looking at regions, where shared and independent currencies shape trade, travel, and global finance.
Asia is home to some of the world’s most influential and diverse currencies, reflecting its role as both a global manufacturing hub and a fast-growing consumer market.
From the Japanese Yen to the Indian Rupee and the Chinese Yuan, Asian currencies are central to international money flows in trade, investment, and forex markets.
Some are free-floating, while others are pegged to the US Dollar to maintain stability, with the Japanese Yen often regarded as the strongest currency in Asia due to its global reserve status and safe-haven appeal.
Key Asian Currencies:
INR – Indian Rupee (₹) Independent currency issued by the Reserve Bank of India. Widely used in South Asia, pegged historically to the Pound but now free-floating. Plays a vital role in regional trade and remittances.
CNY – Chinese Yuan (¥) Also known as the Renminbi (RMB). Controlled by the People’s Bank of China, with partial international convertibility. Increasingly important as China expands its role in global finance.
JPY – Japanese Yen (¥) One of the most traded currencies in the world and a safe-haven asset. Used widely in global forex markets and known for its low-interest rate environment.
KRW – South Korean Won (₩) Independent currency, reflecting South Korea’s status as a leading tech exporter. Free-floating but closely monitored by the central bank.
AED – UAE Dirham (د.إ) Pegged to the US Dollar, providing stability for trade and investment. The UAE serves as a financial hub in the Middle East.
SAR – Saudi Riyal (ر.س) Pegged to the US Dollar, reflecting the kingdom’s oil exports. One of the strongest regional currencies with high importance in energy trade.
THB – Thai Baht (฿) Independent currency with a floating exchange rate. Strongly linked to tourism and manufacturing industries in Southeast Asia.
IDR – Indonesian Rupiah (Rp) Free-floating currency issued by Bank Indonesia. Sensitive to global commodity price movements due to the country’s resource-driven economy.
PKR – Pakistani Rupee (₨) Independent but volatile currency. Influenced by external debt, remittances, and IMF programs.
IQD – Iraqi Dinar (ع.د) Independent currency, primarily oil-backed, though not widely traded internationally.
Europe has one of the most complex currency landscapes in the world. While many countries share the Euro (EUR) as part of the Eurozone, several states maintain their own independent currencies.
The region is also home to some of the oldest currencies still in circulation, such as the British Pound, and some of the strongest, like the Swiss Franc, often considered the strongest currency in Europe thanks to its stability and safe-haven status.
At the other end of the spectrum, currencies such as the Hungarian Forint are sometimes cited as the weakest currency in Europe, reflecting higher volatility compared to Western European counterparts. Europe’s mix of shared and national currencies reflects both economic integration and sovereignty.
Key European Currencies:
EUR – Euro (€) Shared by 20+ countries in the Eurozone, making it the world’s second most traded currency after the US Dollar. Represents economic unity in the European Union.
GBP – British Pound Sterling (£) The oldest continuously used currency in the world. Independent from the Eurozone, it remains one of the top global reserve currencies.
CHF – Swiss Franc (Fr) Known as a safe-haven currency. Issued by Switzerland and Liechtenstein, it is prized for stability, strong banking systems, and low inflation.
SEK – Swedish Krona (kr) Independent floating currency of Sweden. The country opted out of adopting the Euro.
NOK – Norwegian Krone (kr) Independent currency tied closely to Norway’s oil exports. Free-floating but influenced by global energy prices.
DKK – Danish Krone (kr) Pegged to the Euro under the ERM II system. Denmark is an EU member but not part of the Eurozone.
PLN – Polish Zloty (zł) Independent currency of Poland. Free-floating and vital to Central European trade.
HUF – Hungarian Forint (Ft) Independent currency of Hungary, known for higher volatility compared to Western European currencies. CZK – Czech Koruna (Kč) Independent currency, not tied to the Euro. Used in one of the most industrially developed Central European economies.
RUB – Russian Ruble (₽) Independent currency of Russia, heavily influenced by energy exports and international sanctions.
TRY – Turkish Lira (₺) Official currency of Turkey. Independent but marked by volatility and high inflation in recent years.
Africa has one of the most diverse currency systems in the world, with more than 40 independent national currencies and several regional shared currencies like the West African CFA Franc and the Central African CFA Franc.
While some currencies are pegged to the Euro or US Dollar for stability, others remain highly volatile due to inflation and economic challenges. Africa’s currencies are vital for trade in natural resources, agriculture, and energy.
The strongest currency in Africa is often considered the Libyan Dinar, known for its high exchange value, while the weakest currency in Africa includes the Sierra Leonean Leone, reflecting ongoing inflation and economic struggles. Africa’s currencies remain vital for trade in natural resources, agriculture, and energy.
Key African Currencies:
NGN – Nigerian Naira (₦) Independent currency, used by Africa’s largest economy. Highly volatile, influenced by oil prices, foreign reserves, and government policy.
ZAR – South African Rand (R) Independent floating currency, widely traded and used as a benchmark for Southern Africa. Pegged regionally to currencies like the Namibian Dollar (NAD) and Lesotho Loti (LSL).
EGP – Egyptian Pound (£ / ج.م) Independent currency, heavily influenced by tourism, Suez Canal revenues, and government monetary policy.
KES – Kenyan Shilling (Sh) Independent currency used in East Africa, reflecting Kenya’s role as a regional financial hub.
XOF – West African CFA Franc (Fr) Shared by eight West African countries. Pegged to the Euro, providing stability across the West African Economic and Monetary Union (WAEMU).
XAF – Central African CFA Franc (Fr) Shared by six Central African countries. Also pegged to the Euro, managed by the Bank of Central African States.
ETB – Ethiopian Birr (Br) Independent currency of Ethiopia, often under pressure from inflation and limited foreign reserves.
GHS – Ghanaian Cedi (₵) Independent but volatile currency. Subject to depreciation due to inflation and reliance on gold, cocoa, and oil exports.
TZS – Tanzanian Shilling (Sh) Independent currency, free-floating, tied closely to agriculture and natural gas exports.
MAD – Moroccan Dirham (د.م) Independent currency, relatively stable, supported by tourism, mining, and remittances.
DZD – Algerian Dinar (دج) Independent but tightly managed currency, reflecting Algeria’s dependence on oil and gas exports.
SLL – Sierra Leonean Leone (Le) Independent currency, recently redenominated in 2022 due to high inflation.
North America is dominated by the US Dollar (USD), which is not only the region’s most important currency but also the world’s primary reserve currency. Several countries in the region either peg their currencies to the USD or use it directly. Alongside the dollar, independent national currencies like the Canadian Dollar and Mexican Peso play a crucial role in trade across the Americas.
Key North American Currencies:
USD – United States Dollar ($) The most widely used currency in the world and the leading global reserve asset. Official currency of the US and also adopted by countries like El Salvador, Ecuador, and Panama.
CAD – Canadian Dollar ($) Independent floating currency. Known as the “loonie,” it is heavily influenced by oil, natural gas, and commodity exports.
MXN – Mexican Peso ($) Independent floating currency, one of the most traded emerging market currencies. Strongly tied to US trade and manufacturing.
XCD – East Caribbean Dollar ($) Shared regional currency across several Caribbean nations, pegged to the USD for stability.
BSD – Bahamian Dollar ($) Pegged 1:1 to the USD, ensuring stability for tourism and financial services.
BBD – Barbadian Dollar ($) Pegged at 2:1 to the USD. Widely used across the island nation.
BZD – Belize Dollar ($) Pegged at 2:1 to the USD. Maintains stability through tourism and agricultural trade.
HTG – Haitian Gourde (G) Independent currency. Prone to volatility due to political and economic instability.
CUP – Cuban Peso ($) Independent national currency. Cuba also uses the USD informally, though government controls remain strict.
DOP – Dominican Peso (RD$) Independent currency, influenced by tourism and remittances.
South America’s currency landscape reflects both its economic diversity and its volatility. Resource-rich nations like Brazil and Chile maintain actively traded, independent currencies, while countries such as Argentina and Venezuela struggle with inflation and devaluation. In some cases, like Ecuador, the US Dollar (USD) is adopted outright to provide monetary stability.
Key South American Currencies:
BRL – Brazilian Real (R$) Independent floating currency and the most traded in South America. Strongly tied to Brazil’s commodity exports, especially soybeans, coffee, and iron ore.
ARS – Argentine Peso ($) Independent but highly unstable currency. Subject to repeated devaluations and capital controls due to chronic inflation.
CLP – Chilean Peso ($) Independent floating currency. Considered relatively stable, reflecting Chile’s copper-driven economy.
COP – Colombian Peso ($) Independent floating currency influenced by oil, coffee, and coal exports. Frequently traded in Latin American forex markets.
PEN – Peruvian Sol (S/) Independent and relatively stable currency, backed by prudent monetary policies and exports such as copper and gold.
UYU – Uruguayan Peso ($U) Independent currency, moderately stable compared to neighbors, supported by agriculture and services.
PYG – Paraguayan Guaraní (₲) Independent currency, one of the oldest in the region. Influenced by agriculture, especially soy and beef exports.
VES – Venezuelan Bolívar (Bs.) Independent currency but highly unstable due to hyperinflation. The USD is widely used in practice for daily transactions.
USD – United States Dollar ($) Official currency in Ecuador and widely circulated in other South American countries for stability.
Oceania’s currency system combines major global players like the Australian Dollar (AUD) and New Zealand Dollar (NZD) with smaller island nations that either use these strong currencies directly or peg their own to them.
The AUD, in particular, is one of the most traded currencies worldwide, reflecting Australia’s role as a resource exporter and financial hub in the Asia-Pacific.
Key Oceanian Currencies:
AUD – Australian Dollar ($) Independent floating currency, one of the top 5 traded globally. Strongly linked to commodities such as iron ore, coal, and natural gas. Also used in several Pacific nations (Kiribati, Tuvalu, Nauru).
NZD – New Zealand Dollar ($) Independent floating currency, nicknamed the “kiwi.” Influenced by agriculture and dairy exports. Popular in forex markets for carry trades.
PGK – Papua New Guinean Kina (K) Independent currency, moderately volatile, reflecting Papua New Guinea’s reliance on resource exports like gold and natural gas.
SBD – Solomon Islands Dollar (SI$) Independent national currency, influenced by agriculture and limited global trade exposure.
WST – Samoan Tala (WS$) Independent currency, tied closely to remittances and tourism.
TOP – Tongan Paʻanga (T$) Independent currency, partially pegged to a basket of foreign currencies for stability.
VUV – Vanuatu Vatu (VT) Independent floating currency, reflecting the small island nation’s reliance on agriculture, aid, and tourism.
FJD – Fijian Dollar ($) Independent currency, widely used in the Pacific. Tourism and remittances are key influences.
A few currencies dominate global finance, accounting for the majority of international trade, forex transactions, and central bank reserves. These major currencies are trusted worldwide because of the economic strength of the countries behind them and their stability in global markets.
Key Widely Used Currencies:
USD – United States Dollar ($): The most important global currency, used in over 80% of forex trades. Acts as the world’s primary reserve currency and is widely accepted for international payments.
EUR – Euro (€): Shared by more than 20 European countries in the Eurozone. The second most traded currency and a major reserve asset.
JPY – Japanese Yen (¥): The leading Asian currency in global trade and finance. Frequently used in carry trades and considered a safe-haven asset during times of uncertainty.
GBP – British Pound Sterling (£): The oldest continuously used currency, still a top global reserve currency and widely traded in forex markets.
CNY – Chinese Yuan (¥): Also called the Renminbi. Increasingly important as China expands its role in global trade and investment. Gaining ground as a reserve currency in Asia and beyond.
Together, these five currencies dominate international money flows, making them essential for anyone involved in trade, investing, or forex trading.
The global forex market is dominated by a handful of currencies that account for the majority of daily trading volume. These currencies are the backbone of international trade, investment, and central bank reserves.
Rank
Currency
Symbol
Share of Daily Forex Trades*
1
88%
2
31%
3
17%
4
British Pound Sterling
13%
5
7%
6
7
5%
8
Chinese Yuan (Renminbi)
9
Hong Kong Dollar
HKD
4%
10
*Percentages exceed 100% because each forex trade involves two currencies.
These most traded currencies dominate global forex activity, with the USD at the center of nearly every transaction, followed closely by the Euro, Yen, and Pound.
When looking at currencies, it’s important to distinguish between the “strongest” and the “most used.”
A strong currency is measured by its exchange rate value against the US Dollar, while the most used currencies are those that dominate global trade and forex markets.
For example, the Kuwaiti Dinar (KWD) is the strongest currency by value, but the US Dollar (USD) is the most widely used worldwide.
Here are the strongest currencies in the world:
KWD – Kuwaiti Dinar: The highest-valued currency in the world, supported by Kuwait’s oil wealth.
BHD – Bahraini Dinar: Pegged to the USD, maintaining strong value due to the country’s stable economy.
OMR – Omani Rial: Pegged to the USD, reflecting Oman’s energy-based economy.
JOD – Jordanian Dinar: Pegged to the USD, strong despite limited natural resources, due to effective monetary policy.
Here are the weakest currencies in the world:
IRR – Iranian Rial: Severely weakened by inflation and international sanctions.
VND – Vietnamese Dong: Low exchange rate value, though stable within Vietnam’s controlled economy.
SLL – Sierra Leonean Leone: Among the weakest due to inflation and redenomination.
LAK – Lao Kip: Struggles with inflation and limited international demand.
In short, while the strongest currencies in the world are not always the most traded, they show the highest face value per US Dollar. The weakest currencies reflect economies under strain but may still play vital roles locally.
Beyond the world’s most traded and widely recognized currencies, there are dozens of lesser-known and exotic currencies that play vital roles in their local and regional economies. While they may not dominate the forex market, these currencies are essential for trade, tourism, and daily transactions within their countries.
Examples of exotic currencies:
BTN – Bhutanese Ngultrum (Nu.): Pegged 1:1 to the Indian Rupee. Used primarily in Bhutan’s economy, reflecting its close trade ties with India.
SCR – Seychellois Rupee (₨): Independent currency of Seychelles. Small in global terms but vital for tourism and regional trade in the Indian Ocean.
WST – Samoan Tala (WS$): Independent currency of Samoa. Strongly linked to remittances, agriculture, and regional Pacific trade.
These currencies may not appear in the world’s top forex lists, but they are crucial in sustaining regional commerce and represent the unique economic identities of their nations.
Not all countries issue their own independent money. Some adopt shared or union currencies, while others officially use the US Dollar for stability. These arrangements strengthen regional trade and reduce currency risk, but they also limit national monetary control.
Euro (EUR): Used by over 20 countries in the Eurozone, making it the second most traded currency in the world.
East Caribbean Dollar (XCD): Shared by eight Caribbean nations, pegged to the USD for stability.
CFA Franc (XOF/XAF): Shared across 14 African countries in West and Central Africa, pegged to the Euro and managed by regional central banks.
US Dollar (USD) outside the US: Officially adopted in several countries such as Ecuador, Panama, and Zimbabwe, ensuring stability in economies facing high inflation or limited local confidence.
A pegged currency is one whose value is fixed to another currency, usually the US Dollar (USD) or Euro (EUR). Instead of floating freely in the forex market, the central bank maintains the exchange rate within a narrow band to ensure stability. This system is common in economies that rely on imports, exports, or tourism.
Several currencies maintain fixed rates to the USD or Euro, ensuring predictability in global trade.
HKD – Hong Kong Dollar: Pegged to the USD within a controlled band.
AED – UAE Dirham (د.إ): Pegged to the USD at a fixed rate, supporting trade and investment.
SAR – Saudi Riyal (ر.س): Pegged to the USD, reflecting the country’s role as a major oil exporter.
BHD – Bahraini Dinar (د.ب): Pegged to the USD, maintaining one of the highest exchange rates in the world.
Pegged systems can benefit smaller or trade-dependent economies by reducing uncertainty.
Provide stability for trade and investment.
Reduce exchange rate risk in import/export-driven economies.
Increase investor and business confidence.
Despite their stability, pegged currencies also limit flexibility and create economic risks.
Limit monetary policy independence.
Can create pressure on reserves during economic crises.
Risk of sudden devaluation if the peg cannot be maintained.
Pegged currencies show how some nations choose stability over flexibility, tying their monetary policies to stronger global currencies.
Currency symbols make money instantly recognizable, but each one carries a history that reflects culture, trade, and identity.
The world’s most familiar symbols often trace back centuries of trade and tradition.
$ – Dollar: Originated from the Spanish peso, also called “pieces of eight,” later adopted by the US.
€ – Euro: Introduced in 1999, symbolizing unity and stability in the European Union.
¥ – Yen/Yuan: Based on the Chinese character for “round object,” reflecting the shape of coins.
£ – Pound Sterling: Derived from the Latin libra, meaning weight or balance.
₹ – Indian Rupee: Introduced in 2010, combining the Devanagari “र” (Ra) and Latin “R” to represent tradition and modernity.
Some modern currencies have adopted distinctive marks to stand out in global markets.
₽ – Russian Ruble: Introduced in 2013, featuring a Cyrillic “Р” with a horizontal stroke.
₩ – South Korean Won: Symbol based on the letter “W” with double lines for stability.
₿ – Bitcoin: Digital currency symbol modeled after the dollar with two vertical strokes.
Ξ – Ethereum: Cryptocurrency symbol inspired by the Greek letter Xi.
While many currencies use graphic signs, others rely solely on their ISO codes (like NPR for Nepalese Rupee or MUR for Mauritian Rupee). In global markets, the code often serves as the de facto symbol when no unique sign exists.
Throughout history, many currencies have disappeared as economies modernized or joined larger monetary unions. The Deutsche Mark (DEM), French Franc (FRF), and Italian Lira (ITL) were once central to European trade and finance but were replaced by the Euro in 1999 as part of Europe’s economic integration.
Outside of Europe, the Zimbabwean Dollar became infamous for its period of hyperinflation in the late 2000s, where prices spiraled so quickly that banknotes reached trillions in face value. Today, defunct and historical currencies serve as reminders of how monetary systems evolve with political, social, and economic change.
Cryptocurrencies have developed their own set of recognizable symbols, much like traditional money. The ₿ for Bitcoin, Ξ for Ethereum, and ₮ for Tether are now widely used in trading platforms, wallets, and online payments.
While these digital symbols mirror the function of currency signs, they differ in one crucial aspect: most cryptocurrencies are not considered legal tender, meaning they are not officially backed by governments.
Cryptocurrency symbols are recognized globally in online transactions, exchanges, and financial reporting. However, their legal status varies widely from one country to another.
Bitcoin (₿): The first and most popular cryptocurrency, with its symbol modeled after the US Dollar sign.
Ethereum (Ξ): Symbol derived from the Greek letter Xi, representing the second-largest blockchain platform.
Tether (₮): A stablecoin pegged to the US Dollar, designed to reduce volatility in crypto trading.
Litecoin (Ł): One of the earliest Bitcoin alternatives, designed for faster and cheaper transactions.
Ripple/XRP (✕ or XRP): A digital asset created for cross-border payments, widely used by banks and payment providers.
A major case study is El Salvador, which in 2021 became the first country to adopt Bitcoin as legal tender alongside the US Dollar. This bold move highlighted both the opportunities and risks of integrating cryptocurrencies into national economies.
Beyond their role in trade and finance, currencies have fascinating stories and unique features that make them stand out around the world.
Oldest currency still in use: The British Pound, dating back more than 1,200 years.
Most counterfeited currency: The US Dollar, reflecting its global dominance.
Most colorful banknotes: The Swiss Franc and the Maldivian Rufiyaa, known for their striking designs.
First polymer note: Introduced by Australia in 1988, leading the way in secure and durable money.
Understanding currency names, codes, and symbols is more than just financial trivia; it’s a practical skill for navigating today’s global economy. ISO codes bring clarity to international transactions, symbols make money instantly recognizable, and knowing the difference between strong, weak, shared, and pegged currencies helps you see how nations manage their economies.
For forex traders, this knowledge is essential for making informed decisions in a market where accuracy matters. For travelers, recognizing symbols and exchange rates ensures smoother experiences abroad. For investors, tracking global currencies provides insight into economic trends and opportunities.
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As of 2025, there are about 180 official currencies recognized worldwide, each with its own ISO 4217 code. Some are independent national currencies, while others are shared or pegged to stronger ones.
The US Dollar (USD) is the most widely used currency for global trade, payments, and reserves, involved in around 80% of all forex transactions.
The Kuwaiti Dinar (KWD) holds the title of the world’s strongest currency by exchange rate value against the US Dollar. On the other end, some of the weakest include the Iranian Rial (IRR), Sierra Leonean Leone (SLL), and Lao Kip (LAK) due to inflation and economic instability.
No. While many countries have independent currencies, others share common ones like the Euro (EUR) or East Caribbean Dollar (XCD), and some officially use foreign money such as the US Dollar (USD) in Ecuador and Panama.
Countries adopt shared currencies to simplify trade, ensure monetary stability, and strengthen economic ties. Examples include the Eurozone in Europe and the CFA Franc zones in Africa.
No. Most cryptocurrencies, including Bitcoin (₿) and Ethereum (Ξ), are not legal tender. However, they are widely used for transactions and trading. A rare exception is El Salvador, which adopted Bitcoin alongside the US Dollar as official currency in 2021.
Sarah Abbas
SEO content writer
Sarah Abbas is an SEO content writer with close to two years of experience creating educational content on finance and trading. Sarah brings a unique approach by combining creativity with clarity, transforming complex concepts into content that's easy to grasp.
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