Definition: Currency, is a system of money in general use in a particular country at a specific time.
Below you will find a list of money in use for each country around the world, as well as the corresponding three-character alphabetic, and the three-digit numeric ISO 4217 code for each currency.
The 3-letter alphabetic currency code is composed of the ISO 3166 two-letter country code plus an extra character (in general the first letter of the country's
official currency) to denote the unit.
The responsible authority for the domestic currency is usually the national
Central or Reserve Bank.
Major trading currencies
In many countries around the world, the Euro and the US Dollar are the preferred foreign currencies. Other major trading currencies are: Japanese Yen (JPY), British Pound Sterling (GBP), Australian Dollar (AUD), Canadian Dollar (CAD), Swiss Franc (CHF), Chinese Yuan (Renminbi; CNY), Swedish Krona (SEK), New Zealand Dollar (NZD), and the Mexican Peso (MXN).
The U.S. Dollar and the Euro are important international reserve currencies. The US Dollar is the official currency in the US and its territories; it is also used in several countries outside the USA as the legal tender. Countries in which the US Dollar is the official currency: East Timor, Ecuador, El Salvador, Federated States of Micronesia, Marshall Islands, Palau, Panama, and Zimbabwe. The US dollar is pegged by 27 currencies.
countries of the European Union, the Euro is the sole legal tender. Additionally, Andorra, Monaco, San Marino, and the Vatican City use the Euro as their official currency and issue their own coins. Twelve currencies are pegged to the Euro at a fixed exchange rate.
The exchange rate
is the rate for how much money you get for your bucks or euros. In expert-speech, it is the value of one currency for the purpose of conversion to another. There you go.
The exchange rate is changing more or less on a day to day base, but not much.
To get a feeling about how much your money is worth in a foreign country read up on the latest currency exchange rates, for that you may use a Currency Converter app or a service like x-rates.com
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