Forex Trading Glossary
There are 376 entries in this glossary. Add a new entry| Term | Definition |
|---|---|
| Currency symbol and ISO code |
ISO code as both currency traders and money changers are using USD, while the $ is the currency symbol. The origin of dollar sign “$” has several different explanations. Perhaps the most accepted explanation is that the dollar sign is a result of developments in the Spanish and Mexican-written the initials “PS” for pesos. Another explanation to the dollar symbol is that it is caused by a slash from the figure eight, which represents parts of eight. Greek mythology claims that the dollar sign is derived from Hermes, Greek god of bankers, thieves and crooks. Apart from the tap, this was one of his symbols one caduceus, some of which snakes were hung in a sinuous curve. |












