These currencies have nicknames which enable you to research them individually by their nicknames or abbreviations. They are convenient when you are communicating with other Forex traders.

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U.S Dollar (USD) Buck or Greenback – Greenback comes from banknotes issued during the American Civil War in 1861, related because of the color green on their backs. Buck comes from “buckskin” used by Native Americans as a bargaining chip with Europeans.

European Euro (EUR) Single Currency or Fiber– Fiber simply because the currency bill is made of pure cotton fibers. Single Currency because it is used in several states.

Japanese Yen (JPY) Yen – the 3rd most traded currency and the 4th most important reserve currency. The most traded currency pair containing the yen is USD/JPY; EUR/JPY and GBP/JPY.

British Pound (GBP) Sterling or pound – comes from when the pound sterling had a value equal to one pound of sterling silver.

Swiss Franc (CHF) Swiss – Swissy is a nickname but also for the currency pair that includes USD USD/CHF.

Canadian Dollar (CAD) Loonie – the currency of one Canadian dollar has the image of a common loon, a widespread bird in Canada.

Australian Dollar (AUD) Aussie or Ozzie – originated from the fact the term refers to an Australian.

New Zealand Dollar (AUD/NZD) Kiwi – comes from the national symbol of New Zealand, a bird.

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