Thursday, October 27, 2011

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US Currency Trading

Gold held steady today as pressure from profit taking and weakening safe haven demand was an offset by a sharp fall in the US dollar, an alternative asset to the yellow metal.

The American currency dropped against the euro after the EU hammered out a deal to stem the debt crisis that has depressed the markets for months.

EU policymakers have agreed to increase the size of the European Financial Stability Facility (EFSF) to €1 trillion, write down half of the Greek debt owned by private bondholders and called for European banks to raise €106 billion of additional capital.

Traders were jittery ahead of the summit after media reports suggested that euro zone member were still at odds over a few key issues, including how to increase the bailout fund. Gold hit five week highs just before the summit kicked off as investors used it to protect wealth.

The long-awaited comprehensive plan to combat the debt crisis has boosted appetite for riskier assets, triggering a rally in stock markets, while safe haven assets such as the US dollar were out of favour.

Gold traded at US$1,727/oz this afternoon, up just US$2 from Wednesday’s close. Silver rallied 93 cents to US$34.30/oz and platinum advanced US$21 to US$1,614/oz.

Today’s top risers in the sector were:

Norseman Gold (LON:NGL), up 10.5 percent at 7.02 pence at midday

Arian Silver Corp (LON:AGQ), up 10 percent at 25.35 pence

Caledonia Mining (LON:CMCL), up 9.5 percent at 5.75 pence

Solomon Gold (LON:SOLG), up 9.5 percent at 15.99 pence

Aquarius Platinum (LON:AQP), up 9 percent at 194.34 pence

The top fallers were:

GMA Resources (LON:GMA), down 18 percent at 0.102 pence at midday

Bezant Resources (LON:BZT), down 9 percent at 29.15 pence

Alecto Minerals (LON:ALO), down 6 percent at 2 pence

Central Rand Gold (LON:CRND), down 5.5 percent at 0.43 pence

Hummingbird Resources (LON:HUM), down 5.5 percent at 129 pence










USD Money

The United States dollar (sign: $; code: USD) is the unit of currency of the United States. The U.S. dollar is normally abbreviated as the dollar sign, $, or as USD or US$ to distinguish it from other dollar-denominated currencies and from others that use the $ symbol. It is divided into 100 cents (200 half-cents prior to 1857).

The U.S. dollar is the currency most used in international transactions. Several countries use it as their official currency, and in many others it is the de facto currency.

The first dollar coins issued by the United States Mint (founded 1792) were similar in size and composition to the Spanish dollar. The Spanish and U.S. silver dollars circulated side by side in the United States, and the Spanish dollar remained legal tender until 1857. The coinage of various English colonies also circulated. The lion dollar was popular in the Dutch New Netherland Colony (New York), but the lion dollar also circulated throughout the English colonies during the seventeenth and early eighteenth centuries. Examples circulating in the colonies were usually worn so that the design was not fully distinguishable, thus they were sometimes referred to as "dog dollars".





Friday, October 21, 2011

American Currency US Dollar

The first dollar coins issued by the United States Mint (founded 1792) were similar in size and composition to the Spanish dollar. The Spanish, U.S. silver dollars, and Mexican silver pesos circulated side by side in the United States, and the Spanish dollar and Mexican peso remained legal tender until 1857. The coinage of various English colonies also circulated. The lion dollar was popular in the Dutch New Netherland Colony (New York), but the lion dollar also circulated throughout the English colonies during the 17th century and early 18th century. Examples circulating in the colonies were usually worn so that the design was not fully distinguishable, thus they were sometimes referred to as "dog dollars".

The U.S. dollar was created by the Constitution and defined by the Coinage Act of 1792. It specified a "dollar" to be based in the Mexican peso at 1 dollar per peso and between 371 and 416 grains (27.0 g) of silver (depending on purity) and an "eagle" to be between 247 and 270 grains (17 g) of gold (again depending on purity). The choice of the value 371 grains arose from Alexander Hamilton's decision to base the new American unit on the average weight of a selection of worn Spanish dollars (and later Mexican peso). Hamilton got the treasury to weigh a sample of Spanish dollars and the average weight came out to be 371 grains. A new Spanish dollar was usually about 377 grains in weight, and so the new U.S. dollar was at a slight discount in relation to the Spanish dollar. The gold equivalent of the Spanish dollar in sterling was ₤1 = $4.80, whereas the gold equivalent of the U.S. dollar was ₤1 = 4.86⅔. This exchange rate with sterling remained right up until Britain abandoned the gold standard in 1931. Hamilton and Franklin are the only two people depicted on the US dollar, who were not presidents.

The Coinage Act of 1792 set the value of an eagle at 10 dollars, and the dollar at 1/10 eagle. It called for 90% silver alloy coins in denominations of 1, 1/2, 1/4, 1/10, and 1/20 dollars; it called for 90% gold alloy coins in denominations of 1, 1/2, 1/4, and 1/10 eagles.

The value of gold or silver contained in the dollar was then converted into relative value in the economy for the buying and selling of goods. This allowed the value of things to remain fairly constant over time, except for the influx and outflux of gold and silver in the nation's economy.

The early currency of the USA did not exhibit faces of presidents, as is the custom now. In fact, George Washington was against having his face on the currency, a practice he compared to the policies of European monarchs.[citation needed] The currency as we know it today did not get the faces they currently have until after the early 20th century; before that "heads" side of coinage used profile faces and striding, seated, and standing figures from Greek and Roman mythology and composite native Americans. The last coins to be converted to profiles of historic Americans were the dime (1946) and the Dollar (1971).

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British Pounds Currency 2011

The pound was a unit of account in Anglo-Saxon England, equal to 240 silver pennies and equivalent to one pound weight of silver. It evolved into the modern British currency, the pound sterling.

The accounting system of 4 farthings = 1 penny, 12 pence = 1 shilling, 20 shillings = 1 pound was adopted from that introduced by Charlemagne to the Frankish Empire (see French livre).

The origins of sterling lie in the reign of King Offa of Mercia, (757–96) who introduced the silver penny. It copied the denarius of the new currency system of Charlemagne's Frankish Empire. As in the Carolingian system, 240 pennies weighed 1 pound (corresponding to Charlemagne's libra), with the shilling corresponding to Charlemagne's solidus and equal to 12d. At the time of the penny's introduction, it weighed 22.5 troy grains of fine silver (30 tower grains; about 1.5 g), indicating that the Mercian pound weighed 5,400 troy grains (the Mercian pound became the basis of the tower pound, which weighed 5,400 troy grains, equivalent to 7,200 tower grains). At this time, the name sterling had yet to be acquired. The penny swiftly spread throughout the other Anglo-Saxon kingdoms and became the standard coin of what was to become England.

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Thursday, October 20, 2011

All World Countries And Currency

Currency Data

Country Co. Code Currency Curr. Code

Afghanistan AF Afghani AFA

Albania AL Lek ALL

Algeria DZ Algerian Dinar DZD

American Samoa AS US Dollar USD

Andorra AD Euro EUR

Angola AO Kwanza AOA (replacement for AON)

Anguilla AI East Caribbean Dollar XCD

Antarctica AQ Norwegian Krone NOK

Antigua and Barbuda AG East Caribbean Dollar XCD

Argentina AR Austral and Argenintinian Neuvo Peso (replacement for the Peso) ARA, ARS (replacement for ARP)

Armenia AM Dram (Russian Ruble [RUR] was formerly in use) AMD

Aruba AW Aruban Guilder (Florin) AWG

Australia AU Australian Dollar AUD

Austria AT Euro EUR

Azerbaijan AZ Azerbaijani Manat (Russian Ruble [RUR] was formerly in use) AZM

Bahamas BS Bahamian Dollar BSD

Bahrain BH Bahraini Dinar BHD

Bangladesh BD Taka BDT

Barbados BB Barbados Dollar BBD

Belarus (formerly known as Byelorussia) BY Belarussian Rouble (Russian Ruble [RUR] was formerly in use) BYR

Belgium BE Euro EUR

Belize BZ Belize Dollar BZD

Benin BJ Franc de la Communauté financière africaine XAF

Bermuda BM Bermudian Dollar BMD

Bhutan BT Ngultrum (Indian Rupee also circulates) BTN (also INR)

Bolivia BO Boliviano and Bolivian Peso BOB, BOP

Bosnia & Herzegowina BA Convertible Mark BAM

Botswana BW Pula BWP

Bouvet Island BV Norwegian Krone NOK

Brazil BR Real BRL

British Indian Ocean Territory IO Pound Sterling (United Kingdom Pound), Seychelles Rupee GBP, SCR

Brunei Darussalam BN Brunei Dollar BND

Bulgaria BG Lev BGL

Burkina Faso BF Franc de la Communauté financière africaine XAF

Burma Former name for Myanmar

Burundi BI Burundi Franc BIF

Byelorussia Former name of Belarus

Cambodia (formerly Kampuchea) KH Riel KHR

Cameroon CM Franc de la Communauté financière africaine XAF

Canada CA Canadian Dollar CAD

Cape Verde CV Escudo Caboverdiano CVE

Cayman Islands KY Cayman Islands Dollar KYD

Central African Republic CF Franc de la Communauté financière africaine XAF

Chad TD Franc de la Communauté financière africaine XAF

Chile CL Unidades de Fomento and Chilean Peso CLF, CLP

China CN Yuan Renminbi CNY

Christmas Island CX Australian Dollar AUD

Cocos (Keeling) Islands CC Australian Dollar AUD

Colombia CO Colombian Peso COP

Comoros KM Comorian Franc KMF

Congo, Democratic Republic of the (formerly Zaïre) CD (formerly ZR) New Zaïre CDZ (formerly ZRZ)

Congo CG Franc de la Communauté financière africaine XAF

Cook Islands CK New Zealand Dollar NZD

Costa Rica CR Costa Rican Colón CRC

Côte d'Ivoire See Ivory Coast

Croatia (local name: Hrvatska) HR Kuna and Croatian Dinar HRK, HRD

Cuba CU Cuban Peso CUP

Cyprus CY Euro EUR

Czech Republic CZ Czech Koruna CZK

Czechoslovakia Now split into Czech Republic and Slovakia

Denmark DK Danish Krone DKK

Djibouti DJ Djibouti Franc DJF

Dominica DM East Caribbean Dollar XCD

Dominican Republic DO Dominican Republic Peso DOP

East Timor TP Timorian Escudo TPE

Ecuador EC US Dollar (superseded Sucre in 2000) USD (ECS)

Egypt EG Egytian Pound EGP

El Salvador SV US Dollar USD

Equatorial Guinea GQ Franc de la Communauté financière africaine and Ekwele XAF, GQE

Eritrea ER Eritreian Nakfa, Ethiopian Birr ERN, ETB

Estonia EE Kroon EEK

Ethiopia ET Birr ETB

European Community ?? Euro (formerly known as the ECU) EUR (formerly XEU)

Falkland Islands (Malvinas) FK Falkland Pound FKP

Faroe Islands FO Danish Krone DKK

Fiji Islands FJ Fiji Dollar FJD

Finland FI Euro EUR

France FR Euro EUR

France, Metropolitan FX Euro EUR

French Guiana GF Euro EUR

French Polynesia PF Franc des Comptoirs français du Pacifique XPF

French Southern and Antarctic Territories TF Euro EUR

Gabon GA Franc de la Communauté financière africaine XAF

Gambia GM Dalasi GMD

Georgia GE Lari (Russian Ruble [RUR] was formerly in use) GEL

Germany (West and East) DE (formerly DE for West and DD for East) Euro EUR

Ghana GH Cedi GHC

Gibraltar GI Gibraltar Pound GIP

Greece GR Euro EUR

Greenland GL Danish Krone DKK

Grenada GD East Caribbean Dollar XCD

Guadeloupe GP Euro EUR

Guam GU US Dollar USD

Guatemala GT Quetzal GTQ

Guinea GN Guinea Syli (also known as Guinea Franc) GNS

Guinea-Bissau GW Guinea-Bissau Peso and Franc de la Communauté financière africaine GWP, XAF

Guyana GY Guyana Dollar GYD

Haiti HT Gourde HTG

Heard and McDonald Islands HM Australian Dollar AUD

Holy See (Vatican City State) VA Euro EUR

Honduras HN Lempira HNL

Hong Kong HK Hong Kong Dollar HKD

Hrvatska Local name for Croatia

Hungary HU Forint HUF

Iceland IS Icelandic Króna ISK

India IN Indian Rupee INR

Indonesia ID Rupiah IDR

Iran, Islamic Republic of IR Iranian Rial IRR

Iraq IQ Iraqi Dinar IQD

Ireland IE Euro EUR

Israel IL Shekel ILS

Italy IT Euro EUR

Ivory Coast (Côte d'Ivoire) CI Franc de la Communauté financière africaine XAF

Jamaica JM Jamaican Dollar JMD

Japan JP Yen JPY

Jordan JO Jordanian Dinar JOD

Kampuchea Former name for Cambodia

Kazakhstan KZ Tenge (Russian Ruble [RUR] was formerly in use) KZT

Kenya KE Kenyan Shilling KES

Kiribati KI Australian Dollar AUD

Korea, Democratic People's Republic of (North Korea) KP North Korean Won KPW

Korea, Republic of (South Korea) KR South Korean Won KRW

Kosova and Metohia See Serbia and Montenegro

Kuwait KW Kuwaiti Dinar KWD

Kyrgyzstan KG Kyrgyzstani Som KGS

Lao People's Democratic Republic (formerly Laos) LA Kip LAK

Latvia LV Lats LVL

Lebanon LB Lebanese Pound LBP

Lesotho LS Loti, Maloti and South African Rand LSL, LSM, ZAR

Liberia LR Liberian Dollar LRD

Libyan Arab Jamahiriya LY Libyan Dinar LYD

Liechtenstein LI Swiss Franc CHF

Lithuania LT Litas LTL

Luxembourg LU Euro EUR

Macao (also spelled Macau) MO Pataca MOP

Macedonia, the Former Yugoslav Republic of MK Macedonian Dinar MKD

Madagascar MG Malagasy Franc MGF

Malawi MW Malawian Kwacha MWK

Malaysia MY Ringgit (Malaysian Dollar) MYR

Maldives MV Rufiyaa MVR

Mali ML Franc de la Communauté financière africaine and Malian Franc XAF, MLF

Malta MT Euro EUR

Malvinas See Falkland Islands

Marshall Islands MH US Dollar USD

Martinique MQ Euro EUR

Mauritania MR Ouguiya MRO

Mauritius MU Mauritius Rupee MUR

Mayotte YT Euro EUR

Mexico MX Mexican New Peso (replacement for Mexican Peso) MXN (replacement for MXP)

Micronesia, Federated States of FM US Dollar USD

Moldova, Republic of MD Moldovian Leu MDL

Monaco MC Euro EUR

Mongolia MN Tugrik MNT

Montenegro See Serbia and Montenegro

Montserrat MS East Caribbean Dollar XCD

Morocco MA Moroccan Dirham MAD

Mozambique MZ Metical MZM

Myanmar (formerly Burma) MM (formerly BU) Kyat MMK (formerly BUK)

Namibia NA Namibia Dollar and South African Rand NAD, ZAR

Nauru NR Australian Dollar AUD

Nepal NP Nepalese Rupee NPR

Netherlands NL Euro EUR

Netherlands Antilles AN Netherlands Antilles Guilder (Florin) ANG

New Caledonia NC Franc des Comptoirs français du Pacifique XPF

New Zealand NZ New Zealand Dollar NZD

Nicaragua NI Córdoba NIC

Niger NE West African Franc and Franc de la Communauté financière africaine XOF, XAF

Nigeria NG Naira NGN

Niue NU New Zealand Dollar NZD

Norfolk Island NF Australian Dollar AUD

Northern Mariana Islands MP US Dollar USD

Norway NO Norwegian Krone NOK

Oman OM Rial Omani OMR

Pakistan PK Pakistani Rupee PKR

Palau PW US Dollar USD

Panama PA Balboa and US Dollar PAB, USD

Papua New Guinea PG Kina PGK

Paraguay PY Guarani PYG

Peru PE Inti and New Sol (New Sol replaced Sol) PEI, PEN (PEN replaced PES)

Philippines PH Philippines Peso PHP

Pitcairn Island PN New Zealand Dollar NZD

Poland PL New Zloty (replacement for Zloty) PLN (replacement for PLZ)

Portugal PT Euro EUR

Puerto Rico PR US Dollar USD

Qatar QA Qatari Riyal QAR

Réunion RE Euro EUR

Romania RO Romanian Leu ROL

Russian Federation RU Russian Federation Rouble RUB (formerly RUR)

Rwanda RW Rwanda Franc RWF

Saint See also St

Saint Kitts (Christopher) and Nevis KN East Caribbean Dollar XCD

Saint Lucia LC East Caribbean Dollar XCD

Saint Vincent and the Grenadines VC East Caribbean Dollar XCD

Samoa WS Tala WST

San Marino SM Euro EUR

São Tomé and Príncipe ST Dobra STD

Saudi Arabia SA Saudi Riyal SAR

Senegal SN West African Franc and Franc de la Communauté financière africaine XOF, XAF

Serbia and Montenegro (formerly Yugoslavia) CS Serbian Dinar (Serbia), Euro (Montenegro), Euro (Kosovo and Metohia) CSD, EUR

Seychelles SC Seychelles Rupee SCR

Sierra Leone SL Leone SLL

Singapore SG Singapore Dollar SGD

Slovakia (Slovak Republic) SK Euro EUR

Slovenia SI Euro EUR

Solomon Islands SB Solomon Islands Dollar SBD

Somalia SO Somali Shilling SOS

South Africa ZA Rand ZAR

South Georgia and the South Sandwich Islands GS Pound Sterling GBP

Spain ES Euro EUR

Sri Lanka LK Sri Lankan Rupee LKR

St See also Saint

St Helena SH St Helena Pound SHP

St Pierre and Miquelon PM Euro EUR

Sudan SD Sudanese Pound (Dinar no longer used) SDG

Suriname SR Surinam Guilder (also known as Florin) SRG

Svalbard and Jan Mayen Islands SJ Norwegian Krone NOK

Swaziland SZ Lilangeni SZL

Sweden SE Swedish Krona SEK

Switzerland CH Swiss Franc CHF

Syrian Arab Republic SY Syrian Pound SYP

Taiwan, Province of China TW New Taiwan Dollar TWD

Tajikistan TJ Tajik Rouble (Russian Ruble [RUR] was formerly in use) TJR

Tanzania, United Republic of TZ Tanzanian Shilling TZS

Thailand TH Baht THB

Timor See East Timor and Indonesia (includes West Timor)

Togo TG Franc de la Communauté financière africaine XAF

Tokelau TK New Zealand Dollar NZD

Tonga TO Pa'anga TOP

Trinidad and Tobago TT Trinidad and Tobago Dollar TTD

Tunisia TN Tunisian Dinar TND

Turkey TR New Turkish Lira TRY

Turkmenistan TM Turkmenistani Manat TMM

Turks and Caicos Islands TC US Dollar USD

Tuvalu TV Australian Dollar AUD

Uganda UG Ugandan Shilling UGS

Ukraine UA Hryvna and Karbovanet UAH, UAK

Union of Soviet Socialist Republics SU USSR Rouble SUR

United Arab Emirates AE UAE Dirham AED

United Kingdom GB Pound Sterling GBP (sometimes incorrectly seen as UKP)

United States of America US US Dollar USD

United States Minor Outlying Islands UM US Dollar USD

Uruguay UY Uruguayan Peso UYU

Uzbekistan UZ Uzbekistani Som (Russian Ruble [RUR] was formerly in use) UZS

Vanautu VU Vatu VUV

Vatican City State Now known as the Holy See

Venezuela VE Bolivar Fuerte VEF

Viet Nam VN Dông VND

Virgin Islands (British) VG US Dollar (Pound Sterling and East Caribbean Dollar also circulate) USD (also GBP, XCD)

Virgin Islands (US) VI US Dollar USD

Wallis and Futuna Islands WF Franc des Comptoirs français du Pacifique XPF

West Africa XO? West African Franc XOF

Western Sahara EH Moroccan Dirham and Mauritanian Ouguiya MAD, MRO

Yemen (unified North and South) YE (formerly YE for North Yemen and YD for South Yemen) Riyal (Dinar was used in South Yemen) YER (YDD formerly in use in South)

Yugoslavia See Serbia and Montenegro


Zaïre Former name for Congo, Democratic Republic of the

Zambia ZM Zambian Kwacha ZMK

Zimbabwe ZW US Dollar (and other currencies) USD

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