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The CAD ranks fifth among the most actively traded currencies in the Forex market, attracting significant interest from both institutions and individuals. Commonly nicknamed the Loonie, Buck, Huard, and Piastre (in French), the Canadian Dollar holds the status of a reserve currency within several central banks. Its recognition as a commodity currency stems from Canada's significant exports of raw materials.

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Adorned with national icons and significant imagery, Canadian banknotes portray the nation's natural beauty, historic figures, and indigenous heritage. Each note tells a story, reflecting Canada's diverse cultural tapestry and natural landscapes.

The stability and value of the Canadian Dollar are overseen by the Bank of Canada. The advent of currency in Canada traces back to the early 1660s, when French settlers arrived, introducing coins to the region. The initial issuance of banknotes occurred in 1821 through the Montreal Bank, swiftly gaining prominence as a primary mode of transaction.In 1841, as the Province of Canada under British rule, a currency known as the Canadian Pound was introduced. However, by 1858, the Canadian Dollar replaced the Pound, aligning its value with the US Dollar. During this transition, both US Dollars and British Gold Sovereigns were accepted as legal tender within Canada's boundaries.Following Canadian Confederation, the government initiated the decimalization of the currency, issuing a new set of coins in the Dominion of Canada. The establishment of the Bank of Canada in 1934 marked the inception of banknotes, introduced a year later. Notably, the inaugural Loonie coin entered circulation in 1987, followed by the introduction of the two-dollar coin, commonly referred to as the Toonie, in 1996. A significant development occurred in 2011 when the Central Bank of Canada launched a novel series of banknotes printed on polymer material.

The Canadian Dollar's trajectory aligns with Canada's aspirations for economic growth and sustainability. Its adaptability to changing financial climates and position as a resilient currency bodes well for Canada's future economic pursuits.

The official currency of China is the Chinese Yuan, people also say it as Renminbi. The <cnyToUsdRate>CNY to USD</cnyToUsdRate> exchange rate stands as the most widely used. The currency code for Chinese Yuan Renminbi is CNY, denoted by the symbol ¥.

Dating back over 3000 years, Chinese currency has its roots in both Ancient and Imperial China. In 1914, the Republic of China established the Silver Dollar as its official currency, complemented by the introduction of copper, fen, and nickel coins during the 1930s. However, silver's increased value led to a shift away from the silver standard. Consequently, in 1935, a new currency named Fǎbì was introduced.

In 1948, the Gold Yuan replaced the Fǎbì, marking a conversion rate of 1 Gold Yuan to 3 million Yuan Fǎbì. Simultaneously, the Yuan Renminbi (commonly referred to as RMB) was introduced to stabilise the Communist-controlled regions of mainland China. Subsequently, in 1955, a re-evaluation occurred, resulting in the introduction of a new Yuan Renminbi at a rate of 1 new Yuan to 10,000 old Yuan.

Arrival of the Gold Yuan and Chinese Yuan Renminbi

During the period of a controlled economy, the Chinese Yuan Renminbi was pegged to unrealistic exchange values, leading to stringent currency regulations. As China's economy began opening up in 1978, the Yuan Renminbi was primarily utilised domestically, prompting foreigners to resort to exchange certificates, which consequently fostered a thriving black market. From 1997 to 2005, the Chinese government fixed the exchange rate of the Yuan Renminbi to the US Dollar at an approximate rate of 8.3 CNY to 1 USD. In 2005, a more flexible exchange rate mechanism was introduced, readjusting the RMB to 8.1 Renminbi per US dollar. China initiated a pilot program in 2009, permitting certain businesses in regions like Guangdong and Shanghai to conduct trade with counterparts in Hong Kong, Macau, and select nations. This program has expanded nationwide and internationally. Furthermore, China has established direct currency trade agreements with Australia, Japan, Thailand, Russia, and Vietnam, bypassing the need to convert to the US Dollar. Presently, the Renminbi's value operates under a managed float, determined by a basket of foreign currencies.

The official currency of Indonesia, known as the rupiah (symbol: Rp; currency code: IDR), is managed and issued by Bank Indonesia. Its name originates from the Sanskrit term for silver, "rupyakam" (रूप्यकम्). Additionally, Indonesians sometimes colloquially refer to the rupiah in coins as "perak", which translates to "silver" in Indonesian. The rupiah is subdivided into 100 cents (Indonesian: sen), yet due to significant inflation, coins and banknotes denominated in cents have become obsolete.Introduced in 1946 by Indonesian nationalists striving for independence, this currency replaced a version of the Netherlands Indies gulden, which was put into circulation during the Japanese occupation in World War II. During its initial stages, the rupiah was utilised alongside other currencies, including a fresh iteration of the gulden introduced by the Dutch. Previously, the Riau Islands and the Indonesian segment of New Guinea (Irian Barat) had their distinct versions of the rupiah, but these were integrated into the national rupiah in 1964 and 1971, respectively (referred to as Riau rupiah and West Irian rupiah).

An initiative to redenominate the rupiah has not yet undergone formal legislative consideration. Since 2010, Bank Indonesia, Indonesia's monetary authority, has consistently advocated for the removal of the currency's final three zeroes, asserting that such an alteration wouldn't impact its value and would streamline transactions. In 2015, the government presented a bill regarding the redenomination of the rupiah to the House of Representatives, but it hasn't been reviewed thus far. Reiterating this stance in 2017, Bank Indonesia Governor Agus Martowardojo mentioned that if the redenomination process commenced immediately, it could feasibly conclude by 2024 or 2025.

The current rupiah encompasses coins valued from Rp50 to Rp1,000 (though Rp1 coins remain officially recognized as legal tender, they are effectively deemed worthless and are not encountered in circulation), along with banknotes ranging from Rp1,000 to Rp100,000. <usdToIdrHistoryRate>As of May 3, 2023</usdToIdrHistoryRate>, with US$1 equating to Rp15,107.5, the largest denomination of Indonesian banknote holds an approximate value of US$6.62.

Kuwaiti Dinar is overseen by its central banking authority, the Central Bank of Kuwait. As of March 2013, the Kuwaiti Dinar holds the distinction of being the most valuable currency globally.The monetary history of Kuwait reveals that before 1961, the Gulf nation used the <inrPage>Indian Rupee</inrPage>, particularly the Persian Gulf Rupee (XPGR) released by the Reserve Bank of India for circulation in several gulf countries, including Kuwait. However, after gaining independence, Kuwait initiated its own currency, the Kuwaiti Dinar, in 1961 at a rate of 13.33 Indian Rupees to 1 KWD. Subsequently, the Central Bank of Kuwait was established in 1969 to oversee the country's monetary system. The Dinar was later pegged to a weighted currency basket in 1975. During the period following Iraq's invasion of Kuwait in 1990, the Iraqi Dinar temporarily replaced Kuwait's currency, resulting in a significant devaluation of the Kuwaiti Dinar. Following liberation in early 1991, the Kuwaiti Dinar was restored to its pre-invasion value, and new banknotes were issued. Between 2003 and 2007, the Dinar was pegged to the US Dollar.

Regarding coins, Kuwait's coins, introduced in 1961, possess a consistent design that remains unchanged since their inception. They showcase a boom ship, accompanied by the year of minting in Arabic, both in Islamic and Common Era. The reverse side features the value in Arabic enclosed within a central circle, with 'الكُوَيت' (Arabic for The Kuwait) positioned above and 'KUWAIT' in English below.Unlike several other Middle Eastern currencies, Kuwait hosts a coin valued at 0.02 of its primary currency unit instead of the more common 0.025 or 0.25, although the latter does exist in the form of a banknote.

The Malaysian ringgit, denoted by the symbol RM and currency code MYR, serves as Malaysia's official currency, divided into 100 sen (formerly referred to as cents). Issued by the Central Bank of Malaysia, it holds a significant position in the country's financial landscape.Marking its debut on 12 June 1967, the Malaysian dollar, under the auspices of the newly established central bank, Bank Negara Malaysia, superseded the Malaya and British Borneo dollar. This transition largely retained the denomination structure of its forerunner, except for the exclusion of the $10,000 denomination, while maintaining the colour schemes of the former currency. In subsequent years, various modifications were implemented on both banknotes and coins, such as the introduction of the M$1 coin in 1967 and the discontinuation of RM500 and RM1,000 notes in 1996.

Following the Malaysian dollar's introduction in November 1967, the Pound underwent devaluation, resulting in a loss of confidence within the sterling area and its eventual dissolution in 1972. Despite the inception of new currencies in Malaysia, Singapore, and Brunei, the Interchangeability Agreement initially permitted the Malaysian dollar to be exchanged at par with the <sgdPage>Singapore dollar</sgdPage> and <bndPage>Brunei dollar</bndPage>. This arrangement ceased on 8 May 1973, as Malaysia withdrew from the agreement. Nevertheless, as of 2009, the Monetary Authority of Singapore and the Brunei Currency and Monetary Board still uphold the interchangeability of their respective currencies.A pivotal alteration occurred in 1993 with the introduction of the currency symbol 'RM' (Ringgit Malaysia), supplanting the conventional use of the dollar sign '$' (or 'M$').The Bank Negara Malaysia, Malaysia's central bank, oversees the issuance, regulation, and circulation of the Malaysian Ringgit.

The Malaysian Ringgit (MYR) in International Markets

The Pakistani Rupee serves as the official currency of Pakistan, with PKR as its currency code and ₨ as its symbol. Among the prevalent exchange rates, the <pkrToUsdRate>PKR to USD rate</pkrToUsdRate> stands as the most widely used.The historical context of Pakistan's currency intertwines with India's monetary evolution, given their shared past until 1947. In 1825, British India established a silver standard centred on the Rupee, maintaining its prominence until the latter part of the 20th century. Despite being a British colony, India did not adopt the Sterling Pound. By 1866, financial institutions collapsed, prompting the British government to assume control of paper money, replacing the presidency banks. Subsequently, the issuance of the Victoria Portrait series of notes, dedicated to Queen Victoria, persisted for about five decades.Following Pakistan's independence in 1947, Indian Rupees marked with a Pakistan stamp circulated as a provisional currency. In 1948, the Pakistani Rupee was formally introduced, maintaining its linkage to the British Pound. In 1961, a decimalization process ensued, replacing annas subunits with paise. The currency transitioned to a managed float regime in 1982.

2008 proved catastrophic for the rupee post-elections, experiencing a drastic 23% depreciation between December 2007 and August 2008, plummeting to a historic low of Rs.79/20 against the US dollar. This devaluation was primarily fueled by sizable current and trade account deficits stemming from Pakistan's credit expansion since 2002. Heightened militancy in the Khyber Pakhtunkhwa province and the tribal areas led to a decline in foreign direct investment, laying bare structural balance-of-payment issues, resulting in a drastic plunge in foreign exchange reserves.The rupee's decline persisted gradually until the beginning of 2018, followed by a rapid devaluation. The situation worsened in mid-2021, witnessing an almost 50% devaluation between May 2021 and May 2023. This steep depreciation is largely attributed to political instability, devastating natural phenomena, and a looming debt crisis.

The Polish Zloty serves as Poland's official currency, with PLN as its currency code and zł as its symbol.Derived from the Polish adjective 'golden' in its masculine form, the word złoty has a close connection to the guilder, while its subunit, the grosz, is rooted in the groschen, akin to the English term 'groat.' It officially entered circulation on 28 February 1919, replacing its precursor, the Polish marka, and began circulating in 1924. The exclusive entities authorised for the production of złoty coins and banknotes are the Polish Security Printing Works (PWPW), established in Warsaw on 25 January 1919, and Mennica Polska, founded in Warsaw on 10 February 1766.Due to inflation in the early 1990s, the currency underwent a redenomination. Thus, on 1 January 1995, a revaluation occurred, where 10,000 old złoty (PLZ) equated to one new złoty (PLN). As a member of the European Union, Poland is bound to embrace the euro upon fulfilling specific criteria, although no definite timeline exists for meeting these conditions.The official currency symbol, zł, is constructed from the lowercase z and ł, representing the initial letters of "złoty." This symbol lacks a single representation in the Unicode Standard, although it was previously present in Polish typewriters and computers. The subunit symbol, 'grosz,' is depicted as lowercase gr.

Upon Poland's accession to the European Union in May 2004, one of the commitments involved eventually adopting the euro, contingent upon meeting requisite stability standards. While discussions about entering the Eurozone have been significant, amendments to article 227 of the Constitution of the Republic of Poland would be necessary beforehand. Public sentiment, reflected in recent surveys commissioned by the European Commission, indicates approximately 60% support for adopting the Euro.

The currency used in Qatar is the Qatari Riyal, where the <qarToUsdRate>QAR to USD rate</qarToUsdRate> is notably prominent. Riyals are represented by the currency code QAR and the symbol ﷼.Before 1966, Qatar employed the Indian rupee in the form of Gulf rupees. However, when India devalued the rupee in 1966, Qatar and other states using the Gulf rupee decided to establish their independent currency.Initially, Qatar briefly adopted the <sarPage>Saudi Riyal</sarPage>, but subsequently introduced the Qatar and Dubai riyal following the signing of the Qatar-Dubai Currency Agreement in March 1966. Initially pegged to sterling at one shilling and sixpence per riyal, its value changed to one shilling and ninepence after the devaluation of sterling in 1967, maintaining its value in relation to gold.

After Dubai became part of the United Arab Emirates, Qatar commenced issuing the Qatari Riyal independently from Dubai in May 1973. The previous notes circulated alongside the new ones for a 90-day transition period before being withdrawn.Coins denominated in the name of Qatar and Dubai were introduced in 1966 for 1, 5, 10, 25, and 50 dirhams. Later, in 1973, a new series of coins with similar sizes and compositions was introduced but only under the name of Qatar. Presently, only 25 and 50 dirham coins are in circulation, while smaller coins remain legal tender.

The Qatari riyal is pegged at a fixed exchange rate of US$1 = QR 3.64. This rate was formally established into Qatari law through Royal Decree No.34 of 2001, signed by Hamad bin Khalifa Al Thani, Emir of Qatar, on 9 July 2001.This decree outlines specific articles: Article (1) specifies the Qatari riyal exchange rate against the US dollar at QR 3.64 and sets upper and lower limits for the Qatar Central Bank's purchase and sale of dollars. Article (2) grants authority to the Qatar Central Bank to determine the volume, timing, conditions, and associated terms for sales and payments of US dollars. Lastly, Article (3) annuls the earlier Royal Decree No.60 of 1975 that had officially tied the riyal to the IMF's special drawing rights (SDRs).

Qatari Riyal relationship to the US Dollar

The currency of Saudi Arabia is the Saudi riyal (Arabic: ريال سعودي riyāl suʿūdiyy), often abbreviated as ر.سSAR, or SR (Saudi Arabian Riyal/Saudi Riyal). It's subdivided into 100 halalas (Arabic: هللة Halalah) and is consistently pegged to the US dollar at a fixed exchange rate.Before the 20th century, various foreign currencies like the Maria Theresa Thalers and British Gold Sovereigns were in circulation, maintaining Arabia's monetary flow. At that time, the exchange rate stood at 1 Gold Sovereign equating to 5 Theresa Thalers. Subsequently, in the early 1900s, the Hejaz Riyal was introduced as the official currency.

Following the establishment of Saudi Arabia in 1932, the Saudi Riyal was introduced. Its exchange rate experienced several corrections throughout history. Initially, 1 riyal equal to 22 qurush coins. However, by 1960, this was amended to 20 qurush coins equating to 1 riyal. Notably, in 1952, the Saudi Arabian Monetary Agency (SAMA) was formed, ushering in multiple reforms aimed at establishing a unified currency system. The year 1963 saw the decimalization of the currency and the introduction of a new subunit called the halala, dividing the riyal into 100 equal parts.By June 1986, the riyal was officially pegged to the IMF's special drawing rights (SDRs), effectively fixed at 1 U.S. dollar = 3.75 riyals, roughly translating to 1 riyal = 0.266667 dollar. This particular rate was formally implemented on January 1, 2003.The Riyal experienced a brief surge to a 20-year high post the US Federal Reserve's interest rate cut on September 18, 2007. Following the decision by the Saudi Arabian Monetary Agency (SAMA) to not follow suit, concerns regarding the inflationary impact of low-interest rates and a reduced value for the riyal surfaced, eventually leading to its return to peg against the U.S. dollar in early December 2007.

Currency evolution in Thailand traces back to the Rattankosin era, marking the official issuance of standardised factory-made coins and banknotes. Paper money made its debut in 1853 through royal promissory notes, followed by banknotes from foreign banks. The year 1857 saw Thailand acquiring its inaugural minting machine, initiating the minting of Thai silver coins. Streamlining coinage occurred in 1897, condensing the 11 denominations into two—satang and baht—under a decimalized silver standard system.

The Thai Baht was initially pegged to the British Pound at a fixed rate of 8 TBH to 1 GBP until 1880. Subsequently, this rate underwent several adjustments, linking the Baht to the Japanese Yen at par during World War II. Post-war, it was pegged at 20.8 Baht per 1 US Dollar, transitioning to 20 Baht per US Dollar in 1978 and then to 25 Baht in 1984.A financial crisis struck Thailand in 1997, causing a 50% devaluation of the Baht and compelling the adoption of a floating exchange rate system. Following this economic collapse, the Thai Baht eventually stabilised.

Despite its official use limited to Thailand, the Thai Baht is informally utilised in Laos, Cambodia, and Myanmar.On December 19, 2006, the Bank of Thailand implemented exchange controls that led to substantial differences between offshore and onshore exchange rates, resulting in spreads of up to 10 percent between these markets. However, these controls were largely lifted by March 3, 2008, erasing significant disparities between offshore and onshore exchange rates.

The United Arab Emirates dirham is the currency of the United Arab Emirates. The dirham is abbreviated by the currency code AED, and its symbol is د.إ. Unofficial abbreviations include ‘Dhs’ and ‘DH’. The most popular AED exchange is with Indian rupees (INR to AED). The dirham is a fiat currency, and its conversion factor has 6 significant digits.

The Australian dollar is the currency of the Commonwealth of Australia and its independent islands. AUD is the code for the dollar. It’s symbolised by $, but can be written using A$ or AU$ to distinguish it from other dollar-based currencies. The AUD is most commonly exchanged in global markets with the British pound, and it is a fiat currency. It’s the fifth most traded currency in the world, behind the US dollar, the euro, the Japanese yen, and the pound sterling. The conversion factor for AUD has 5 significant digits.

The currency used by the People’s Republic of Bangladesh is known as the Bangladeshi taka. The Bangladeshi taka is represented by the code BDT. ‘Tk’ is the official symbol, along with the Bengali symbol টাকা. The most popular BDT conversion is in exchange for US dollars (USD).

The Bulgarian lev is the official currency of Bulgaria. The currency code for the Bulgarian lev is BGN and its symbol is лв. A popular nickname for the lev is ‘kint’. The lev is printed in denominations of 2, 5, 10, 20, 50 and 100. The plural of lev is ‘leva’. Since 2015, Bulgarians have replaced the 2-leva note with the 2-leva coin. Leva coins come in denominations of stotinka, with one stotinka equaling one-hundredth of a lev.

The Brazilian real is the official currency of Brazil. It was introduced to fight high inflation; it replaced the cruzeiro on July 1, 1994. The Brazilian real’s currency code is BRL, and its symbol is R$. Its plural is “reais”.

The Canadian dollar is the official currency of Canada. It’s the 5th most common reserve currency in the world. The code for the Canadian dollar is CAD and the symbol is $. The currency is issued by the Bank of Canada and printed by the Canadian Bank Note Company in Ottawa. The Canadian dollar is a fiat currency.

The Swiss franc is the currency of Switzerland. The most popular Swiss franc exchange is with the euro. The franc is represented by the sign ‘Fr’ or ‘SFr’ or ‘FS’, and its currency code is CHF. The Swiss franc is fiat currency, and its conversion factor has 6 significant digits. The Swiss franc is called franken in German, the franc in French and Romansh, and the franco in Italian.

The Chilean peso is the official currency of Chile. The peso’s currency code is CLP and the symbol is $. ‘CLP$’ can be used to distinguish it from the US dollar. Its conversion factor has 6 significant digits. The peso is a fiat currency.

The Chinese yuan is the official currency of Mainland China. Technically, the yuan is the base unit of the renminbi currency (RMB), but it is sometimes referred to interchangeably with the renminbi.

The Colombian peso is the official currency of Colombia. It is most commonly exchanged with the US dollar (USD). The currency code for the peso is COP. The peso’s official symbol is $. For clarity, the currency code is sometimes abbreviated as COL$. Peso means ‘weight’ or ‘pound’ in Spanish, after the British pound. Colombians may refer to the peso colloquially as ‘plata’, meaning silver; ‘billete’, meaning ticket; ‘biyuyo’; ‘lucas’; or ‘marmaja’.

The Czech koruna is the official currency of the Czech Republic. Koruna is the Czech word for crown. The Czech koruna is often called the Czech crown in English. The code for the Czech koruna is CZK. Its symbol is Kč, placed after the value (e.g. 5 Kč). The koruna is subdivided into 100 haléřů (shortened ‘h’), or, when singular, haléř. (Though due to inflation, haléře are no longer minted.) The Czech koruna is fiat money and is not pegged to the Euro or backed by gold.

The Danish krone is the official currency of Denmark, Greenland, and the Faroe Islands. The code for the Danish krone is DKK. The sign for the currency is the abbreviation ‘kr’, which comes after the numerical value (e.g. 5 kr). Krone is the Danish word for crown, so the currency is sometimes referred to as the Danish crown. The plural of krone is kroner.

Why are you interested in the Euro?

The euro has different nicknames in different countries. For example in Finland you might hear the nickname ‘Ege.’ In Spain people use ‘Pavo’, and you may hear Irish English speakers refer to the euro as the ‘Yoyo’.

Euro coins are available in denominations of 1, 2, 5, 10, 20, and 50 cents, as well as €1 and €2. Coins have a standard image on one side, and on the other have a design related to the country of issue. Currently euro coins and notes are accepted anywhere in the Eurozone, regardless of the country of issue.

5, 10, 20 and 50 euro notes are in general circulation. Although €100, €200 and €500 notes are also available, they aren’t commonly accepted retailers. The €500 note is currently being phased out of circulation.

Euro nicknames

Euro coins and banknotes

The euro is the currency of the European Union (EU). The EU is a union of separate nations joined under one governing structure. The euro is now the single currency replacing individual monies for 19 of 28 nations who joined the EU, or the Eurozone. It is a fiat currency.

The British pound is the currency of the United Kingdom. It is the fourth most traded currency, behind the US dollar, the Japanese yen, and the euro. It is also the third most held reserve currency in the world. The pound is the oldest currency still in existence today.

The Georgian lari is the official currency of the country of Georgia. It’s most commonly converted to the US dollar. The currency code for the lari is GEL, and its sign is ლ. The sign was introduced by the Governor of the National Bank of Georgia (NBG) in July 2014. It’s a three-quartered circle open in the lower-right-hand quadrant. It has two vertical parallel lines at its crest and rests on a platform the length of its diameter. It was conceived as part of a sign design contest that began in 2013. It was meant to be easy to construct and to be reminiscent of the Georgian alphabet.

The Hong Kong dollar is the official currency of Hong Kong. It’s the 13th most commonly traded currency on Earth. The currency code for the dollar is HKD and the symbol is $, or HK$ – to differentiate it from the US dollar. The most popular Hong Kong dollar exchange is with the US dollar. HK$ has 4 significant digits and is considered a fiat currency.

The Hungarian forint is the official currency of Hungary, and has been in circulation since 1946. The code for the forint is HUF and the symbol is Ft. Its conversion factor has 6 significant digits, and it is a fiat currency.

The rupiah is the official currency of Indonesia. The currency code for the rupiah is IDR and its symbol is Rp. Its currency conversion factor has 6 significant digits, and it is a fiat currency. Most printed bank notes depict ancient leaders of Indonesia, including two sultans. Notes are generally printed in monochromatic blues and reds.

The Indian rupee is the currency of India. The rupee’s currency code is INR, and its symbol is ₹. This symbol has origins in the Indian flag, and incorporates the flag’s horizontal stripes. Foreigners are not generally allowed to take INR in or out of India, so currency exchange must occur within the country.

The Japanese yen, one of the strongest currencies in the world, is the official currency of Japan. It is the third most traded currency and is also used as a reserve currency for the British pound sterling and the US dollar. It is a fiat currency.

The South Korean won is the official currency of South Korea. Its currency code is KRW and its symbol is ₩. The won’s conversion factor goes to 6 significant digits. It is a fiat currency.

The Sri Lankan rupee is the currency of Sri Lanka. It is symbolised by ‘Rs’, රු in Sinhalese, and ரூ in Tamil. The currency code is LKR. The Sri Lankan rupee has 6 significant conversion factor digits. It is considered fiat money. The most popular rupee exchange is with the US dollar.

The Moroccan dirham is the official currency of the Kingdom of Morocco. Its currency code is MAD, and its symbol is .د.م. It is also referred to in English as ‘dh.’ The MAD conversion factor has 4 significant digits. It is a fiat currency.

The Mexican peso is the currency of Mexico. Its currency code is MXN and its symbol is $. To distinguish it from other currencies using the $ symbol, the peso is sometimes written as M$, MX$, or MEX$. The symbol MXN replaced the former symbol, MXP. The peso has a conversion factor of 6 significant digits, and is fiat currency. The most popular peso exchange is with the US dollar.

The Malaysian ringgit is the official currency of Malaysia. Its currency code is MYR and its symbol is RM. Its conversion factor has 6 significant digits, and it is a fiat currency. The ringgit is known globally to be a stable currency.

The naira is the currency of Nigeria. The currency code for nairas is NGN, and the currency symbol is ₦. The most popular naira exchange is NGN to USD. It is a fiat currency. The conversion factor for NGN has 4 significant digits.

The Norwegian krone is the exclusive currency of Norway and its independent territories. The Norwegian krone is among the 20 most-traded currencies in the world. It is most commonly traded for euros. The krone is considered a fiat currency.

The New Zealand dollar is the official currency of New Zealand. The currency code for the New Zealand dollar is NZD. Its symbol is usually written as $, and sometimes NZ$ is used to distinguish it from other currencies that use the same sign. Informal nicknames for the New Zealand dollar are ‘kiwi’ and ‘buck’. A kiwi is a bird indigenous to New Zealand and is featured on the $1 coin. New Zealanders are also colloquially called ‘kiwis’.

The Philippine peso is the official currency of Philippines. It is commonly depicted by the symbol ₱. Written abbreviations include: PhP, Php, P$, or P. The official currency code for the peso is PHP.

The Pakistani rupee is the currency of Pakistan. The currency code for the rupee is PKR, and it’s written as ‘Rs’ or روپیہ in Urdu. In Pakistan, the rupee is also sometimes spelled ‘rupees’, ‘rupaya’, ‘rupaye’, or ‘rupiyah’. The modern Pakistani rupee was put into circulation following the dissolution of the British Raj in 1947. It is a fiat currency.

The Polish złoty is the official currency of Poland. The most popular exchange of the złoty is with the euro. Its currency code is PLN and its symbol is zł. The currency’s conversion factor has 6 significant digits. It is a fiat currency.

The Romanian leu is the currency of Romania. Both its currency code and its foreign exchange symbol are RON. There are no other symbols used to identify the currency. You’ll see it written as ‘1 leu’ or, using lei as plural, ‘2 lei’. The leu is a fiat currency, and its conversion factor consists of 5 significant digits. The most popular Romanian leu exchange is with the euro.

The Russian rouble (or ‘rouble’) is the official currency of Russia. Its currency code is RUB and its symbol is ₽. You’ll see it written in Russian as рубль or ‘rubl’ and its plural as рубли́ or ‘rubli’). The rouble is fiat money, and was the world’s first decimal currency. Its currency conversion factor has 6 digits.

The Swedish krona (plural: kronor) is the official currency of Sweden. Its commonly used code is SEK and its symbol is ‘kr’. The most popular krona exchange is with the euro. The krona is the ninth most traded currency in the world. Its currency conversion factor has 6 significant digits. The krona is a fiat currency.

The Singapore dollar is the official currency of Singapore. Its symbol is normally shown as $, although S$ is also used to avoid confusion with other dollar currencies. Its currency code is SGD. The dollar is fiat money and is considered the second-best currency for long-term investors (just after the New Zealand dollar). The most popular Singapore dollar exchange is with the Indian rupee. The dollar’s conversion factor has 6 significant digits.

The Thai baht is the currency of Thailand. Its code is THB, and it’s also denoted with the symbol ฿. The baht is the tenth most frequently used currency in the world, and is one of the strongest currencies in southeast Asia. The most popular Thai baht exchange is with the euro. The Thai baht has 6 significant currency conversion digits. It is considered fiat money.

The Turkish lira, usually abbreviated as TL, is the official currency of Turkey and the Turkish Republic of Northern Cyprus. Its symbol is ₺ and its official currency code is TRY. The most popular lira exchange is with the euro. The lira has 6 significant currency conversion factor digits, and is considered fiat currency. It’s the 16th most traded currency in the world by value.

The hryvnia or hryvnya (plural: hryvni or гривні ) is the currency of Ukraine. It’s written as гривня in Ukrainian, and is abbreviated as грн. The hryvnia uses the currency code UAH and the symbol ₴. The most popular hryvnia exchange is with the euro. The hryvnia is named after a measure of weight used in medieval times. It is a fiat currency.

The dollar is the official currency of the United States of America. It is the most exchanged currency in the world, followed by the euro and the Japanese yen. USD is the currency code for the dollar, it’s symbolized by the $ sign, and it’s a fiat currency. The dollar’s conversion factor has 6 significant digits.

The đồng is the currency of Vietnam. The most popular Vietnamese đồng conversion is into US dollars. The currency code for the đồng is VND, and it’s also represented by the symbol ₫, or simply ‘D’. The current iteration of the đồng has been the currency of Vietnam since 1978. The VND is a fiat currency, and its conversion factor has 4 significant digits.

The South African rand is the currency of South Africa. Its symbol is simply ‘R’, and its currency code is ZAR, from the Dutch ‘zuid-afrikaanse rand’, or South African rand. The rand is fiat money, and its conversion factor has 6 significant digits. The most popular South African rand exchange is with the US dollar. The rand is the 18th most traded currency in the world.

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{sourceFullName} {targetFullNameTo} exchange rate history

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Welcome to the {sourceFullName} {targetFullNameTo} history summary. This is the {sourceFullName} ({sourceCurrencyCode}) {targetFullNameTo} ({targetCurrencyCode}) exchange rate history summary page, detailing 5 years of {sourceCurrencyCode} and {targetCurrencyCode} historical data from {oldestDate} to {todaysDate}.

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The performance of {sourceCurrency} to {targetCurrency} in the last 30 days saw a 30 day high of {30dayHigh} and a 30 day low of {30dayLow}. This means the 30 day average was {30dayAverage}. The change for {sourceCurrency} to {targetCurrency} was {30dayChange}.{linebreak}{linebreak}The performance of {sourceCurrency} to {targetCurrency} in the last 90 days saw a 90 day high of {90dayHigh} and a 90 day low of {90dayLow}. This means the 90 day average was {90dayAverage}. The change for {sourceCurrency} to {targetCurrency} was {90dayChange}.

{amount} {sourceCurrencyCode} to {targetCurrencyCode} stats

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{amount} {sourceFullName} to {targetFullName}

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Convert {amount} {sourceShortCode} to {targetShortCode} with the Wise Currency Converter. Analyze historical currency charts or live {sourceFullNameOne} / {targetFullNameOne} rates and get free rate alerts directly to your email.

Convert {sourceShortCode} to {targetShortCode} with the Wise Currency Converter. Analyze historical currency charts or live {sourceFullName} / {targetFullName} rates and get free rate alerts directly to your email.

Convert {sourceShortCode} to {targetShortCode} with the Wise Currency Converter. Analyze historical currency charts or live {sourceFullNameOne} / {targetFullNameOne} rates and get free rate alerts directly to your email.

{amount} {sourceFullName} to {targetFullName} Exchange Rate. Convert {sourceShortCode}/{targetShortCode} - Wise

{amount} {sourceShortCode} to {targetShortCode} - Convert {sourceFullName} to {targetFullName} | {sourceShortCode} to {targetShortCode} Currency Converter - Wise

{amount} {sourceShortCode} to {targetShortCode} - Convert {sourceFullNameOther} {targetFullNameTo} | {sourceShortCode} to {targetShortCode} Currency Converter - Wise

{amount} {sourceFullName} {targetFullNameTo} Exchange Rate. Convert {sourceShortCode}/{targetShortCode} - Wise

{sourceFullName} to {targetFullName} Exchange Rate. Convert {sourceShortCode}/{targetShortCode} - Wise

{sourceShortCode} to {targetShortCode} - Convert {sourceFullName} to {targetFullName} | {sourceShortCode} to {targetShortCode} Currency Converter - Wise

{sourceShortCode} to {targetShortCode} - Convert {sourceFullNameOther} {targetFullNameTo} | {sourceShortCode} to {targetShortCode} Currency Converter - Wise

{sourceFullNameOther} {targetFullNameTo} Exchange Rate. Convert {sourceShortCode}/{targetShortCode} - Wise

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What is the difference between commercial {currencyColloquial} and tourism {currencyColloquial}?

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The {lowercaseCurrencyColloquial} exchange rate today is {rateValue} {localCurrencyName}. The commercial {currencyColloquial} quote is always updated so you can stay informed about the {currencyColloquial} and make the best decisions.

{currencyColloquial} today

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The exchange rate of {lowercaseCurrencyColloquial} is {rateValue} {localCurrencyName}

{currencyColloquial} exchange rate

{currencyColloquial} rate | {sourceShortCode} to {targetShortCode} current exchange rate

Check the mid-market rate of {lowercaseCurrencyColloquial} for the major currencies

Exchange rate of 1 {lowercaseCurrencyColloquial} is {rateValue} {localCurrencyName}.

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{currencyColloquial} today: value of the {lowercaseCurrencyColloquial} today in real time

The current exchange rate from {targetShortCode} to {sourceShortCode} is {rateValue} {currencyColloquial}.

Value of {currencyColloquial} today

Convert, compare and track the value of {currencyColloquial} today with Wise. Our currency converter offers the mid-market exchange rate from {sourceShortCode} to {targetShortCode} in real time, compares some of the best exchange rates available and will send you a notification when the value of {currencyColloquial} goes up or down.

{currencyColloquial} Today | Value & Exchange rate of {lowercaseCurrencyColloquial} today

Current {currencyColloquial} rate |  {sourceShortCode} to {targetShortCode} mid-market rate

Commercial exchange rate of the {0} for the major currencies

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NGN to MWK Exchange Rate Chart

₦1,000 NGN = MK1,061 MWK

NGN to MWK conversion chart

1 NGN = 1,06132 MWK

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