Foreign currency – 5 most frequently used currencies

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<p>Foreign Currency 5 Most Frequently used Currencies around the World </p> <p>Foreign Currency 5 Most Frequently used Currencies around the World</p> <p>United States Dollar</p> <p>Also abbreviatedUS$, United States Dollar is the official currency of the United States. </p> <p>Federal Reserve Notes are circulated as paper money in the US and one dollar is divided into 100 smaller cents. </p> <p>Being the worlds primary reserve currency, the dollar is extensively used in international transactions. </p> <p>Its symbol $ is derived from the scribal abbreviation of the Spanish dollar and is usually written before the numerical amount.</p> <p>Euro</p> <p>The official currency of the Eurozone is estimated to be used by 337 millions Europeans on daily basis. </p> <p>The symbol for Euro is and itscode isEUR. </p> <p>Replacing the former European Currency Unit, EUR was introduced as an accounting currency. </p> <p>After the US dollar, it is the second most widely held reserve currency.</p> <p>Japanese Yen</p> <p>The Yen is the third-most valued currency in the foreign exchange market and is used extensively as a reserve currency. </p> <p>Derived from the Japanese word round or circle, the spelling and pronunciation of the Yen is in standard English. </p> <p>At present,there are 1, 5, 10, 50, 100 and 500 yen coins in circulation since the year 2009. </p> <p>In terms of banknotes,1,000, 2,000, 5,000 and 10,000 yen notes are in circulation since 2004.</p> <p>Pound Sterling</p> <p>Also known as Great Britain Pound, it is the officialcurrencyof theUnited Kingdom,Jersey,Guernsey, theIsle of Man,South Georgia and the South Sandwich Islands, theBritish Antarctic Territory, andTristan da Cunha. </p> <p>One interesting fact is that this is the worlds oldest currency which is still in use and is the fourth most-traded currency in the foreign exchange market. </p> <p>Pound Sterling is divided into 100 pence.</p> <p>Australian Dollar</p> <p>As per the 2011 stats, AU dollar was the fifth most traded currency in the world, and is commonly referred as Aussie Dollar. </p> <p>This currency is also subdivided into 100 cents banknotes comes in denominations of $5, $10, $20, $50 and $100 notes. </p> <p>Coins come in 5, 10, 20 and 50 cent and one and two dollar denominations.</p> <p>THANK YOU!</p> <p>For more, please visit </p>