Currency nicknames revealed and explained. Uncover the codenames used by pro traders to become a true member of the currency exchange community. Have you ever wondered what did the financial news lady or professional forex traders mean by: Something like in the pictures above? Sterling and Barnie are two of the multiple currency nicknames that are used by experienced forex traders. Those nicknames are used quite often and act almost as a secret handshake that separates the seasoned traders from the newbies.
It can be useful to know at least the nickname of the currency you are planning to trade and where to find the rest in case of uncertainty. Why do people use nicknames for the forex currencies?
But there are exceptions where the nicknames are more complex than the official names for example euro — single currency and some nicknames have been developed to give the currencies extra meaning, added value or to memorize important historical events. Some of the nicknames have interesting origins. So how did these nicknames develop and where do they come from. Those notes had a distinctive green coloring on the back. British pound is officially called pound sterling and it is not just a nickname.
It sometimes gets abbreviated to either pound or sterling. Name sterling comes from times when the british pound had an equal value to one pound of sterling silver. New Zealand dollar has a nickname kiwi which represents the national symbol of New Zealand — a bird called kiwi. Euro is often called single currency as it is used in 24 European countries. It was first introduced in and now is the second biggest reserve currency after U.
These two nicknames are newcomers to the forex nickname family. Rubble is not only the currency in Russia, but also the family name of Barnie and Betty — the neighbours of Flinstones.
As you see many of these nicknames have national or geographic character. Your email address will not be published. Sterling takes a plunge? Please share and like this post. Leave a Reply Cancel reply Your email address will not be published.More...