What is a Currency Symbol?
Currency sign or symbol is very important in forex trading. In Forex Affiliate program currency sign is very much used, so everyone should know about currency symbol. It is used as shorthand for a currency name. Currency is vital part of economy of any world. All country has different currency so they have different symbol also. If we recognize currency with their symbol so it will be very useful to anyone to understand. For example Dollar sign denote by this – $, which is currency of United States. ¥ – this sign signifies the sign of Japanese yen.
A currency symbol is a symbolic representation of type of currency used, mostly designated by the country producing the currency. It shouldn’t be confused with the name for different types of money. Euro or dollar are not symbols but actual names. Instead the symbol is a substitution of a symbol meant to indicate the name. For instance in the US we may use $ to indicate US Dollars (USD). Not all countries have currency symbols, and some symbols of the past have been swept away by the introduction of the Euro. For instance the common £ used to indicate the British pound may now be replaced with €, the currency symbol for euros. Similarly ₣ for the French Franc, ₤ for the Italian Lira, have all been replaced by € for euro. Sometimes a currency symbol may be used to represent more than one country’s money. For instance Canada and America both use the $ sign for dollars. Lira and pound symbols are almost identical. The cent sign used in the US, ¢ is used in several countries to indicate fr
A currency symbol is a symbolic representation of type of currency used, mostly designated by the country producing the currency. It shouldn’t be confused with the name for different types of money. Euro or dollar are not symbols but actual names. Instead the symbol is a substitution of a symbol meant to indicate the name. For instance in the US we may use $ to indicate US Dollars (USD). Not all countries have currency symbols, and some symbols of the past have been swept away by the introduction of the Euro. For instance the common £ used to indicate the British pound may now be replaced with €, the currency symbol for euros. Similarly ₣ for the French Franc, ₤ for the Italian Lira, have all been replaced by € for euro.
