Question: What is 'ISO' (International Standards Organization) of Forex Markets?
Currency pairs are named by combining the 3-letter ISO codes of two currencies.
Currency Pairs: This is the term used to express one currency against another.
The price of a currency pair always expresses the amount of the 2nd named currency needed to exchange against one unit of the first named currency.
Example: USDSAR = 3.7500 means 3.75 SAR can be exchanged to 1 USD
Here are the ISO codes which are used internationally.
- AED United Arab Emirates Dirham
- SAR Saudi Riyal
- AUD Australian Dollar
- SEK Swedish Krona
- CAD Canadian Dollar
- SGD Singapore Dollar
- CHF Swiss Franc
- USD US Dollar
- DKK Danish Krone
- THB Thai Baht
- EUR European Euro
- TRY Turkish Lira
- GBP British Pound
- XAG Silver
- JPY Japanese YEN
- XAU Gold
- NOK Norwegian Kroner
- XPT Platinum
- NZD New Zealand Dollar
- ZAR South African Rand
On trading platforms such MT4, MT5 and cTrader4, all financial instruments are displayed with ISOs or specific abbreviations.