Currencies List: 8 Major Currencies Of The World

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A currency is a kind of money and medium of exchange. Paper money or coins in circulation are referred to as currency. Whatever its form, all currencies have the same fundamental objectives. It promotes economic activity by expanding the market for a variety of items.

Most of the transactions we perform on a daily basis include cash, whether we use paper currency or a credit card. That is the reason why currencies of different countries with symbols are an important aspect to know.

There are 180 currencies recognized as legal tender in United Nations (UN).  For the purposes of this currencies list, only currencies that are legal tender are considered. So, without any further ado, the following is a list of countries and their currencies with their ISO 4217 code and the currency symbol.

currencies list

List of Currencies: Europe

  • The euro, which is used by 25 nations, is the most widely used currency in Europe. When a new country enters the European Union (EU), it is anticipated that it will also join the eurozone after meeting the five convergence requirements.
  • The only other EU member state that has received permission to avoid using the euro is Denmark. [Source] Sweden, unlike Denmark, hasn’t technically left the Eurozone, but it also hasn’t joined it. Instead, it has chosen not to use the Euro because it doesn’t meet the requirements of the ERM II (Exchange Rate Mechanism).
  • The United Kingdom’s official currency, the pound sterling, is the fourth most traded currency in the world and is “a little bit more volatile than the euro,” according to the list of the top 8 most traded currencies.
  •  19 of the 27 member states of the European Union, as well as five non-EU nations, now accept the euro as legal money (Monaco, San Marino, Vatican City, Andorra, and Montenegro). Kosovo uses the euro as well, but its independence is only partially recognized.
Currency symbolCurrencyCountryCurrency code
EuroEuro area countriesEUR
LAlbanian lekAlbaniaALL
BrBelarusian rubleBelarusBYN
KMBosnia and Herzegovina convertible markBosnia and HerzegovinaBAM
лвBulgarian levBulgariaBGN
knCroatian kunaCroatiaHRK
Czech korunaCzechiaCZK
krDanish kroneDenmarkDKK
knCroatian KunaCroatiaHRK
Georgian lariGeorgiaGEL
krDanish kroneGreenlandDKK
ftHungarian forintHungaryHUF
kr, ÍkrIcelandic krónaIcelandISK
CHFSwiss francLiechtensteinCHF
LMoldovan leuMoldovaMDL
денSecond Macedonian denarNorth MacedoniaMKD
krNorwegian kroneNorwayNOK
Polish zlotyPolandPLN
leiRomanian leuRomaniaRON
Russian rubleRussiaRUB
RSDSerbian dinarSerbiaRSD
krSwedish kronaSwedenSEK
CHFSwiss francSwitzerlandCHF
Turkish liraTurkeyTRY
Ukrainian hryvniaUkraineUAH
£Pounds sterlingUnited KingdomGBP

List of Currencies: The US

  • The US dollar is a widely used currency throughout the Americas. It is the largest reserve currency in the world, with an annual economic worth that brings the United States approximately $100 billion.
  •  However, due to the rise in the value of the US dollar, its status as a reserve currency hurts American exporters. In international commodity markets, the US dollar is also considered “standard.”
  • The U.S. dollar has been accepted as the official currency of many other nations, a practice known as “dollarization.” Although the U.S. dollar is not recognized as legal cash, there are a few other nations where it is semi-dollarized, and unofficial dollarization exists in many more places.
  • The East Caribbean dollar is the most popular currency by the number of Caribbean nations that use it. After being tied to the pound sterling for more than 35 years prior to 1976, the East Caribbean dollar is now pegged to the US dollar.
  • The Chilean peso, the country’s currency, is likewise strong. However, this once more implies that manufacturing struggles since imports at lower prices are driving them out of business.
  • The Brazilian real is a strong South American currency. Under presidents Luiz Inácio Lula da Silva and Dilma Rousseff, the real’s value almost quadrupled, which caused a big change in the economy that helped many middle-class people a lot.
Currency symbolCurrencyCountryCurrency code
$United States DollarUS Dollar countriesUSD
$East Caribbean dollarOECS countriesXCD
ƒAruban florinArubaAWG
$Argentine pesoArgentinaARS
B$Bahamian dollarThe BahamasBSD
$Barbadian dollarBarbadosBBD
$Bermudian dollarBermudaBMD
BZ$Belize dollarBelizeBZD
BsBolivian bolivianoBoliviaBOB
R$Brazilian realBrazilBRL
CA$Canadian dollarCanadaCAD
CI$Cayman Islands dollarCayman IslandsKYD
$Chilean pesoChileCLP
$Colombian pesoColombiaCOP
Costa Rican colónCosta RicaCRC
CUC$Cuban pesoCubaCUP
ƒNetherlands Antillean guilderCuraçaoANG
RD$Dominican pesoDominican RepublicDOP
FK£Falkland Islands poundFalkland IslandsFKP
QGuatemalan quetzalGuatemalaGTQ
G$Guyanese dollarGuyanaGYD
GHaitian gourdeHaitiHTG
LHonduran lempiraHondurasHNL
J$Jamaican dollarJamaicaJMD
$Mexican pesoMexicoMXN
C$Nicaraguan córdobaNicaraguaNIO
B/.Panamanian balboaPanamaPAB
Paraguayan guaraníParaguayPYG
S/.Peruvian solPeruPEN
ƒNetherlands Antillean guilderSint MaartenANG
Sr$Surinamese dollarSurinameSRD
TT$Trinidad and Tobago dollarTrinidad and TobagoTTD
$UUruguayan pesoUruguayUYU
Bs.Venezuelan bolívarVenezuelaVED

List of Currencies: Middle East

  • The currency of the State of Kuwait is called the Kuwaiti dinar. Being the most expensive currency on earth is what makes it interesting in the first place.[Source] Since most of the nations in this part of the world have a fixed exchange rate system, this region’s exchange rates share a similar trait.
  • The United Arab Emirates, Saudi Arabia, Lebanon, Jordan, and more nations fall within this category. Knowing this can help you protect yourself against market turbulence that might lower the value of your currency.
  • Suppose you travel to these areas with Australian dollars, but the value of the currency drops significantly. In that scenario, you would need to swap the money at a reduced rate at an exchange house. The US dollar is also widely used in the Middle East, where tourism and foreign direct investments are becoming the main sources of income.
Currency symbolCurrencyCountryCurrency code
؋Afghan afghaniAfghanistanAFN
֏, դրArmenian dramArmeniaAMD
Azerbaijani manatAzerbaijanAZN
.د.بBahraini dinarBahrainBHD
EuroCyprusEUR
ლარიLariGeorgiaGEL
ع.دIraqi dinarIraqIQD
Iranian rialIranIRR
Israeli new shekelIsraelILS
ينارJordanian dinarJordanJOD
كKuwaiti dinarKuwaitKWD
ل.لLebanese poundLebanonLBP
Israeli shekelPalestineILS
£SSyrian poundSyriaSYP
AEDEmirati dirhamUnited Arab Emirates (UAE)AED
Israeli shekelIsraelILS
ر.عOmani rialOmanOMR
ر.قQatari riyalQatarQAR
SRSaudi riyalSaudi ArabiaSAR
Yemeni rialYemenYER

List of Currencies: Africa

  • Some of the newly adopted currencies were retained when African nations gained independence throughout the 20th century, but others changed the names of their currencies for a variety of reasons.
  • While the original bartering system is still widely used in rural areas, inflation nowadays frequently leads to a need for more stable foreign currency, which is nevertheless illegal. The Tunisian dinar (TND) is Africa’s strongest currency as of June 1st, 2022.
  • The necessity for currency revaluation has also arisen as a result of instances of extreme inflation in numerous African currencies (e.g. the Zimbabwe dollar).[Source] In many rural areas, people still barter a lot. This is because the goods they trade are worth more right now than the official money.
  • The East African rupee, which was derived through extensive commerce with Arabia and India, was supplanted by the East African shilling once the British gained dominance in the area, signaling a change in the major foreign power relationship and a new trend.
  •  The South African rand was replaced by the Botswana pula in Botswana in 1976, as other nations did with their dominating neighbor’s currency. Even though they are post-colonial, several nations have not switched their currencies. Uganda, for instance, still uses the Ugandan shilling.
Currency symbolCurrencyCountryCurrency code
FCFACFA francWest AfricaXAF
CFACFA francCentral AfricaXOF
دجAlgerian dinarAlgeriaDZD
KzAngolan kwanzaAngolaAOA
PBotswana pulaBotswanaBWP
FBuBurundian francBurundiBIF
CVECape Verdean escudoCabo VerdeCVE
CFComorian francComorosKMF
FCCongolese francDemocratic Republic of the CongoCDF
FdjDjiboutian francDjiboutiDJF
Egyptian poundEgyptEGP
NkfEritrean nakfaEritreaERN
BrEthiopian birrEthiopiaETB
LLilangeniEswatiniSZL
DDalasiGambiaGMD
GH₵Ghanaian cediGhanaGHS
FGGuinean francGuineaGNF
KShKenyan shillingKenyaKES
LLesotho lotiLesothoLSL
LD$Liberian dollarLiberiaLRD
LDLibyan dinarLibyaLYD
ArMalagasy ariaryMadagascarMGA
KMalawian kwachaMalawiMWK
Mauritian rupeeMauritiusMUR
UMOuguiyaMauritaniaMRU
DHMoroccan dirhamMoroccoMAD
MTMozambican meticalMozambiqueMZN
N$Namibian dollarNamibiaNAD
Nigerian nairaNigeriaNGN
R₣Rwandan francRwandaRWF
DbSão Tomé and Príncipe dobraSao Tome and PrincipeSTN
SRSeychellois rupeeSeychellesSCR
LeSierra Leonean leoneSierra LeoneSLL
Sh.So.Somali shillingSomaliaSOS
RSouth african randSouth AfricaZAR
SS£South Sudanese poundSouth SudanSSP
SDGSudanese poundSudanSDG
TShTanzanian shillingTanzaniaTZS
د.تTunisian dinarTunisiaTND
UShUgandan shillingUgandaUGX
$United States DollarZimbabweUSD

List of Currencies: Asia & The Pacific region

  • Every nation in Asia uses its own currency for both domestic payments and local trade. This is in contrast to Europe, which has a single dominant currency. The Chinese Yuan and the Indian Rupee, which are both used in Asia’s two largest countries, are the two currencies that are used the most globally.
  • The most popular currencies for trade and international financial transactions include the Chinese Yuan, the Japanese Yen, the Singapore dollar, and the Hong Kong dollar. These are also listed among the top 10 currencies in the world by volume of trading on the foreign exchange market.
  • Asia’s economy has grown at the fastest rate in the world, with the highest GDP measured in PPP, or Public Power Parity. Asian countries, including China, India, and Japan, have some of the world’s largest economies.
  • There are differences between the states and the nations throughout the entire continent in terms of wealth. The most affluent countries in Asia with the highest GDP per capita are the oil-rich countries of western and eastern Asia, such as the UAE, Kuwait, Iran, Oman, and Saudi Arabia.
  • It is remarkable that the kina appears to be so highly correlated with the US dollar given that it is the only floating currency in the Pacific, and it’s probable that this is due to the volume of commerce with Asia.
  • It has recently been suggested in Australian debates that the economies of Pacific island nations should “dollarize” to the Australian dollar, which has been complicated by political and economic ambiguity.
  • Analysis of common currency methods suggests that the dollarization of the US dollar is preferred. Asia is anticipated to surpass Australia as a significant Pacific island’s main commercial partner. For economic reasons, a debate on Pacific currency reform should at least take US dollarization into account.
Currency symbolCurrencyCountryCurrency code
A$Australian dollarAustraliaAUD
Bangladeshi takaBangladeshBDT
NuBhutanese ngultrumBhutanBTN
B$Brunei dollarBruneiBND
Cambodian rielCambodiaKHR
¥ /元Chinese yuanChinaCNY
$ / HK$ / “元”Hong Kong dollarHong KongHKD
RpIndonesian rupiahIndonesiaIDR
Indian rupeeIndiaINR
¥Japanese yenJapanJPY
Kazakhstani tengeKazakhstanKZT
somKyrgyzstani somKyrgyzstanKGS
Lao kipLaosLAK
MOP$Macanese patacaMacauMOP
RMMalaysian ringgitMalaysiaMYR
MRfMaldivian rufiyaaMaldivesMVR
Mongolian tögrögMongoliaMNT
KKyatMyanmarMMK
RsNepalese rupeeNepalNPR
$New Zealand dollarNew ZealandNZD
North Korean wonNorth KoreaKPW
RsPakistani rupeePakistanPKR
Philippine pesoPhilippinesPHP
S$Singapore dollarSingaporeSGD
South Korean wonSouth KoreaKRW
RsSri Lankan rupeeSri LankaLKR
NT$New Taiwan dollarTaiwanTWD
TJSSomoniTajikistanTJS
US$US DollarTimor-LesteUSD
฿Thai bahtThailandTHB
mTurkmen new manatTurkmenistanTMT
somUzbekistan somUzbekistanUZS
Vietnamese đồngVietnamVND

The Top 8 Currencies Of The World

1. U.S. Dollar (USD)

  • The greatest economy in the world, the United States, uses the U.S. dollar, sometimes known as the “greenback,” as its official unit of exchange.
  • The dollar, like any other currency, is backed by economic fundamentals like the GDP, manufacturing, and employment figures.

2. European Euro (EUR)  

  • The European Central Bank (ECB), which handles the whole continent’s monetary policy, has a greater degree of independence from national governments than other central banks.
  • The ECB determines monetary policy for the eurozone. Because of its independence, the euro remains robust.

3. Japan Yen (JPY)

  • The Japanese yen’s protracted history of zero interest rates, however, is actually its most significant feature. Japan was a global innovator of zero rates more than 20 years ago.
  • Currently, interest rates are at, very close to, or even below zero in a few nations. However, the concept is the same. Japan’s trading strength is in manufactured products.

4. The British pound (GBP)

  • GBP is the oldest currency in existence that is still in use today. Even though there have been many ups and downs over its 1,200-year history.
  • The pound, also known as sterling, is the fourth most actively traded currency after the U.S. dollar, euro, and Japanese yen.

5. Swiss Franc (CHF)

  • The long-standing zero-inflation policy of the Swiss Central Bank and Switzerland’s political neutrality make the CHF a very strong and stable currency.
  • It goes up in value when there is political and economic unrest, like when the European debt crisis broke out in 2008.

6. The Canadian Dollar (CAD)

  • The relative economic health of Canada, the country’s strong sovereign status, and the stability of its judicial and political institutions all contribute to the Canadian dollar’s popularity among central banks.

7. The Australian Dollar and the New Zealand Dollar (AUD/NZD)

  • The appeal of Australia and New Zealand among currency traders is due to the three Gs: geology, geography, and government policy.
  • A plethora of in-demand natural resources, including oil, gold, agricultural goods, diamonds, iron ore, uranium, nickel, and coal, have been provided to the corporation by geology.

8. South African Rand (ZAR)

  • The South African rand (ZAR) is the nation’s official currency. Until the end of apartheid, the rand maintained a largely stable peg to the US dollar after its introduction in February 1961.