Traders like to use slang, so you need to know these names in order to understand what they are talking about.
Here are some examples:
- US Dollar – "dollar", or "buck";
- British pound – "cable" or "sterling";
- Euro – "single currency";
- Swiss franc – "Swiss";
- Canadian dollar – "loonie";
- Australian dollar – "Australian";
- The New Zealand dollar is the "kiwi".
The origins of these names are an interesting topic for discussion.
For example, the euro is called a single currency because it is a single currency that is used in many countries.
"Kiwi" is a flightless nocturnal bird, which is also the national symbol of New Zealand.
Since ancient times, the British pound has been considered the dominant currency in the world, and British pounds were often telegraphed back and forth between North America and Europe via transatlantic cables.
Later, many years later, the nickname "cable"was assigned to him. The pound originally weighed one pound of sterling silver, hence the term "pound sterling" or simply "sterling".
"Loonie" is an unofficial, but commonly used name for gilded and bronze-plated coins of Canada in one dollar. The nickname comes from the loon, a bird that is a symbol of Canada, depicted on one side of the coin.