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Forex Trading Essentials | Quick Reference Guide to US Dollar Symbols and Global Currency Symbols
Why Forex Traders Need to Master the Symbols of the US Dollar and Other Currencies
In the international financial markets, quickly identifying different countries’ currencies is crucial. Visual identifiers such as the dollar sign ($), euro sign (€), and pound sign (£) allow traders to instantly determine the currency system involved in a trading pair.
Compared to lengthy textual descriptions (e.g., “40 USD” vs. “$40”), the main advantage of the dollar sign and other currency symbols is significantly improving recognition efficiency. Especially in the fast-moving forex market, accurate use of symbols directly impacts the speed of trading decisions. For example, seeing the currency pair EUR/USD, we immediately know it involves the exchange rate between the euro and the dollar, without additional interpretation.
High-Frequency Currency Symbols Reference Table | Quick Check for 30+ Countries
The table below covers currency information from major global trading markets:
Common Shortcut Keys for the US Dollar, Euro, and Other Major Currencies | Compatible with Mac and Windows
No need to copy and paste every time—learn these shortcuts to double your input speed:
Whether you’re using Mac or Windows, these shortcuts allow you to quickly insert the dollar sign and other major currency symbols when writing trading reports or analyzing markets.
Beware of Confusing Symbols | Same Symbols Used in Multiple Countries
The Dual Identity of the Yen (￥)
The “￥” symbol has dual meanings in Asian currencies:
To avoid confusion, it is recommended to prefix with the currency code, e.g., “CNY￥100” for 100 RMB, “JPY￥100” for 100 Yen.
The $ Sign Used in Over 30 Countries
Although most commonly associated with the US dollar, the “$” symbol is used as the local currency symbol in over 30 countries worldwide. Common notation distinctions include:
The Baht (฿): Forex and Cryptocurrency Distinction
The “฿” symbol has different meanings depending on the context:
Traders should interpret it correctly based on the context.
Meaning and Trading Principles of Forex Currency Pairs
Forex currency pairs reflect the exchange rate between two currencies. For example:
EUR/USD = 1.10 means 1 euro can be exchanged for 1.10 US dollars.
In this notation:
Traders aim to profit from fluctuations in the exchange rate by buying or selling currency pairs. Mastering the standard notation of the dollar sign, euro sign, and others helps you analyze major global currency pairs like EUR/USD, GBP/JPY more efficiently.