Monedas Convertibles y No Convertibles del Mercado de Divisas | | UPV
Introduction to Convertible and Non-Convertible Currencies
Overview of Currency Types
- Antonio Benito introduces the topic of convertible and non-convertible currencies in foreign exchange markets, highlighting the significance of understanding these categories.
- Convertible currencies are defined as those that meet specific conditions allowing them to be traded globally and used for international transactions.
Characteristics of Convertible Currencies
- There are only 11 convertible currencies worldwide, which include:
- Australian Dollar (AUD)
- Canadian Dollar (CAD)
- Swiss Franc (CHF)
- Danish Krone (DKK)
- Euro (EUR)
- British Pound Sterling (GBP)
- Japanese Yen (JPY)
- Norwegian Krone (NOK)
- New Zealand Dollar (NZD)
- Swedish Krona (SEK)
- United States Dollar (USD)
ISO Codes for Convertible Currencies
- Each convertible currency has an associated ISO code, facilitating their identification in global markets. For example:
- USD for United States Dollar
- EUR for Euro
Non-Convertible Currencies Explained