U.S. Dollar (USD)
United State dollar is the unit of currency of the United
States of America. The US dollar is becoming increasingly
vulnerable to attack from hostile foreign governments. They
have questioned it's strength and complained about the
recent volatile nature. But the U.S. dollar is still the
most traded currency.
Euro
(EUR)
The euro is the official currency of 16
of the 27 member states of the European Union. The euro is
divided into 100 euro-cents. It was was established by the
provisions in the 1992 Maastricht Treaty. About 329 million
European Union citizens now use it as their currency.
British Pound
(GBP)
The British pound sterling,
denoted by GBP, is the official currency of Great Britain.
It is one of
the world's most widely traded currencies and the most
valued of the major world currencies. It is made up of 100
pence. Sterling was the dominant reserve currency in the
18th and 19th Centuries, but it is currently the fourth-most
traded currency of the world and the third-most widely used
reserve currency.
Canadian Dollar
(CAD)
Canadian Dollar is the currency
of Canada. It was first introduced in 1858 and replaced all
currencies (that were previously used in Canada) in April
1871 under the Uniform Currency Act. It's value relative to
the U.S. Dollar dropped in the 1990's due to the
technological boom in America, but the value of the Canadian
dollar against all other major currencies has been rising
consistently mainly due to high prices for the export
commodities, especially oil.
Swiss Franc
(CHF)
The Swiss franc is the
legal tender and
currency of
Switzerland and Liechtenstein; it is also legal tender in
the Italian exclave Campione d'Italia.The bank notes are
issued by the Swiss National Bank and the coins are issued
by the federal Swissmint.
Australian Dollar
(AUD)
The Australian Dollar is the sixth most traded currency in
world foreign exchange markets accounting for approximately
six percent of worldwide foreign-exchange transactions. It
was introduced on February 14, 1966 as a replacement for the
Australian pound. It is the official currency of the
Commonwealth of Australia.
Japanese Yen
(JPY)
The Japanese Yen
is the third most-traded
currency in the foreign exchange market after the euro. The value of the Japanese Yen is driven by demand and supply of the currency.
Hong Kong Dollar
(HKD)
The Hong Kong dollar is the ninth most traded currency in
the world and since it was pegged to the United States
dollar in 1983, a bank can only issue the currency if it has the equivalent US dollars in reserve.
