Uncover the codenames used by professional traders to become true members of the currency exchange community. Did you ever wonder why professional forex traders say “Cable is struggling to regain stability”?
Nicknames for the Most Popular Currency Pairs
- USD (U.S. Dollar) – Greenback or Buck
- GBP (British Pound) – Sterling
- GBP/USD (British Pound / U.S. Dollar pair) – Cable
- EUR (Euro) – Single currency or Fiber
- CHF (Swiss Franc) – Swissy
- CAD (Canadian Dollar) – Loonie
- AUD (Australian Dollar) – Aussie or Ozzie
- NZD (New Zealand Dollar)- Kiwi
- USD/RUB (U.S. Dollar / British Pound pair) – Barnie
- EUR/RUB (Euro / Russian Rubble) – Betty
- GBP/JPY (British Pound / Japanese Yen pair) – Guppy or Gopher
- EUR/JPY (Euro / Japanese Yen pair) – Euppy (pronounced Yuppy)
- USD/JPY (U.S. Dollar / Japanese Yen pair) – Ninja
- EUR/GBP (Euro / British Pound pair) – Chunnel
Why is the dollar called greenback?
The U.S. dollar is called the greenback because of the paper notes issued during the American civil war in 1861. Those notes had green colouring on the back.
USD second nickname – buck
The U.S. dollar is called buck from times when deerskin (a male deer is called a buck) was used by American Indians for trading with dollars.
Why is the Euro called fibre?
The Euro currency’s nickname fibre has the least known explanation, but many say that it comes from the fact that the paper used for euro banknotes consists of pure cotton fibre which makes it more durable and gives it a special feel.
Why is GBPUSD called cable?
The GBPUSD currency pair has been called the cable since there was a cable under the Atlantic ocean linking the UK with the USA which was used to synchronize the British pound with the U.S. dollar by a telegraph. The cable was laid in 1858 and made it possible to transmit currency prices from London’s to New York’s trading desks.
Why is the British pound (GBP) called sterling?
The British pound is officially called pound sterling and it is not just a nickname. It sometimes gets abbreviated to either pound or sterling. Name sterling comes from times when the British pound had equal value to one pound of sterling silver.
Why is the Canadian dollar called loonie?
Loonie is a nickname for the Canadian dollar as one dollar coin carries an image of a bird called a loon that is a popular species in Canada.
Why is the New Zealand dollar called kiwi?
The New Zealand dollar has a nickname kiwi which represents the national symbol of New Zealand which is also the name of a bird called kiwi. It is small, brown, furry and can’t fly, just like a kiwi fruit.
What are the USDRUB and EURRUB pairs Called?
The USDRUB and EURRUB pairs are called Barbie and Betty respectively. These two nicknames are newcomers to the forex nickname family. Rubble is not only the currency in Russia but also the family name of Barnie and Betty who are the neighbours of Flinstones.
Why is EURGBP called the Chunnel?
The EURGBP currency pair is sometimes called Chunnel which is an abbreviation of the Channel Tunnel that joins the channel between Britain and France (Europe).
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