Forex Currency Symbols
A currency symbol is a graphic symbol that works as a shorthand for a currency's name. This shorthand is widely used in international money markets instead of using a formal currency name.
What are currency symbols in the Foreign Exchange Market?
The symbology for currency exchange rates includes a six-character symbol that consists of two exchange rates. The first three characters of the pair represent the base currency and the second three characters represent the counter currency.
- The first three characters represent the base currency
- The second three characters represent the counter-currency
- These symbols are practically unique for every country.