Currencies

The types of exchange:

1. Reversible. Currencies that are available to perform any financial transactions without any restrictions, that is a resident of any country can exchange them for any other foreign currency.For this type of currency is the U.S. dollar, Swiss franc and Canadian dollar, etc.

2. Irreversible. Currencies that can not be exchanged regardless of whether you are a resident of the country that owns the currency.Irreversible currency used in countries that are developing. As a rule, their course is attached to any other currency.

3. Partially reversible. Currencies to which the restrictions will be placed in the commission of foreign exchange.

Each currency has its own code, defined by international standard ISO 4217. The code consists of the two first letters of the name of the country and one of the first letters of the name of the currency.There are also numeric codes to indicate the national currencies. Eg., Australian Dollar - AUD - 036.

In online Forex trading mainly used the following currencies:

USD - U.S. Dollar

EUR - Euro

GBP - British pound sterling

CHF - Swiss Franc

JPY - Japanese Yen

CAD - Canadian Dollar

AUD - Australian Dollar

NZD - New Zealand Dollar