Guide to World Currencies: Developed Countries
Australia |
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Economic Overview
In recent decades, Australia has developed into an internationally competitive, advanced market economy. Although its 2005 GDP of US$642.7bln is relatively small compared to other industrial Western European countries, Australia's per capita GDP of $32,000 is comparable to that of other major Western European economies...more |
| Currency |
Australian Dollar |
| Common Name |
Aussie |
| Quotation Convention |
4 decimal points |
| Most liquid cross |
AUD/USD |
| Average Bid/Offer * |
5 pips (0.6800 / 0.6805) |
| 1 pip |
.0001 USD |
| Settlement |
Transaction plus two days (T+2) |
 ECONOMIC OVERVIEW
ECONOMIC POLICY MAKERS AND TOOLS
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Economic Indicators
Balance of goods and services |
Consumer Price Inflation (CPI) |
Gross Domestic Product (GDP) |
Private Consumption |
Producer Price Index (PPI) |
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Canada |
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Economic Overview
Canada has the twelfth largest economy in the world, with a GDP valued at US$1.077trl in 2005. As a prosperous and technologically advanced industrial society, Canada is characterized by its market-oriented economic system, production patterns and affluent living standards...more |
| Currency |
Canadian Dollar |
| Common Name |
Canadian |
| Quotation Convention |
4 decimal points |
| Most liquid cross |
USD/CAD |
| Average Bid/Offer * |
5 pips (1.4500 / 1.4505) |
| 1 pip |
.0001 CAD |
| Settlement |
Transaction plus two days (T+2) |
ECONOMIC OVERVIEW
ECONOMIC POLICY MAKERS AND TOOLS
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Economic Indicators
Unemployment Rates |
Consumer Price Index |
Gross Domestic Product (GDP) |
Balance of Trade |
Producer Price Index (PPI) |
Consumer Consumption |
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European Union |
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Economic Overview
The EU was developed as an institutional framework to economically and politically unite the nations of Europe. The idea of a union of European nations was originally proposed in the 1950s; however, it wasn't until 1992 when the Treaty of Maastricht was accepted. This treaty laid the framework for the integration of foreign and defense policy, judicial and internal affairs, and the economic and monetary union that integrated a common currency, the euro...more |
| Currency |
Euro |
| Common Name |
Euro |
| Quotation Convention |
4 decimal points |
| Most liquid cross |
EUR/USD |
| Average Bid/Offer * |
3 pips (1.1570 / 1.1573) |
| 1 pip |
.0001 USD |
| Settlement |
Transaction plus two days (T+2) |
ECONOMIC OVERVIEW
ECONOMIC POLICY MAKERS AND TOOLS
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Economic Indicators
EU Gross Domestic Product (GDP) |
GDP, inflation and unemployment rates of member countries |
Harmonized Index of Consumer Prices (HCIP) |
IFO Business Climate Survey |
Individual country budget deficits |
Measure of monetary supply, as tracked by the New York Federal Reserve Bank and reported every Thursday (M3) |
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Great Britain |
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Economic Overview
The U.K. has the seventh largest economy in the world, with a 2005 GDP of US$1.867trl. GDP growth rates slowed from 2001 to 2005, as the high value of the pound and the global downturn hurt the U.K.'s manufacturing and exports. The per capita GDP was estimated to be $30,900 in 2005...more |
| Currency |
Great British Pound |
| Common Name |
Sterling, Cable |
| Quotation Convention |
4 decimal points |
| Most liquid cross |
GBP/USD |
| Average Bid/Offer * |
4 pips (1.7000 / 1.7004) |
| 1 pip |
.0001 USD |
| Settlement |
Transaction plus two days (T+2) |
ECONOMIC OVERVIEW
ECONOMIC POLICY MAKERS AND TOOLS
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Economic Indicators
Employment |
Gross Domestic Product (GDP) |
Industrial Production |
Purchasing Managers Index (PMI) |
Retail Price Index (RPI) |
U.K. Housing Starts |
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Japan |
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Economic Overview
With a GDP of US$3.867trl, Japan has the world's fourth largest economy. Japan is the fifth largest exporter of goods in the world, which has resulted in a consistent trade surplus for the country, valued at US$99.4bln in 2005, and created an inherent demand for the JPY. Japan's largest trade partners are the U.S. and China. In recent years, China's inexpensive goods have allowed the country to gain a larger share of Japan's import market...more |
| Currency |
Japanese Yen |
| Common Name |
Yen |
| Quotation Convention |
2 decimal points |
| Most liquid cross |
USD/JPY |
| Average Bid/Offer * |
3 pips (110.70 / 110.73) |
| 1 pip |
.01 JPY |
| Settlement |
Transaction plus two days (T+2) |
ECONOMIC OVERVIEW
ECONOMIC POLICY MAKERS AND TOOLS
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Economic Indicators
Balance of Payments |
Employment Rates |
Gross Domestic Product (GDP) |
Industrial Production |
Tankan Survey |
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New Zealand |
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Economic Overview
In recent decades, Australia has developed into an internationally competitive, advanced market economy. Although its 2005 GDP of US$642.7bln is relatively small compared to other industrial Western European countries, Australia's per capita GDP of $32,000 is comparable to that of other major Western European economies...more |
| Currency |
New Zealand Dollar |
| Common Name |
Kiwi |
| Quotation Convention |
4 decimal points |
| Most liquid cross |
NZD/USD |
| Average Bid/Offer * |
5 pips (0.6200 / 0.6205) |
| 1 pip |
.0001 USD |
| Settlement |
Transaction plus two days (T+2) |
ECONOMIC OVERVIEW
ECONOMIC POLICY MAKERS AND TOOLS
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Economic Indicators
Balance of goods and services |
Consumer Price Inflation (CPI) |
Gross Domestic Product (GDP) |
Private Consumption |
Producer Price Index (PPI) |
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Switzerland |
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Economic Overview
Switzerland is a prosperous and stable modern market economy with the 30th largest overall GDP, but the tenth highest per capita GDP. After annual GDP growth dropped between 2001 and 2003, it experienced small gains in 2004 and 2005. Even with the drops in GDP, unemployment has remained at less than half the European Union's unemployment average. Switzerland's low unemployment rate and highly skilled labor force contribute to the country's steady economic success...more |
| Currency |
Switzerland Franc |
| Common Name |
Swiss |
| Quotation Convention |
4 decimal points |
| Most liquid cross |
USD/CHF |
| Average Bid/Offer * |
8 pips (1.3300 / 1.3308) |
| 1 pip |
.0001 CHF |
| Settlement |
Transaction plus two days (T+2) |
ECONOMIC OVERVIEW
ECONOMIC POLICY MAKERS AND TOOLS
|
Economic Indicators
Balance of Payments |
Consumer Price Index (CPI) |
Gross Domestic Product (GDP) |
Measure of monetary supply, tracked by the New York Federal Reserve Bank and reported every Thursday (M3) |
Production Index (Industrial Production) |
Unemployment Rate |
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United States |
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Economic Overview
The U.S. economy is the largest in the world, with a GDP of US$12.37trl, which accounts for almost 21 percent of the world's total gross product. With a 3.5 percent growth rate from 2004 to 2005, the U.S. posted strong growth results compared to other major industrial countries, due in large part to substantial gains in labor productivity. The U.S. has the fourth largest labor force in the world. The estimated per capita GDP is $41,800, which is the second highest in the world...more |
| Currency |
U.S. Dollar |
| Common Name |
Dollar |
| Quotation Convention |
2 decimal points |
| Most liquid cross |
USD/JPY, EUR/USD |
| Average Bid/Offer * |
3 pips (110.70 / 110.73)
3 pips (1.1570 / 1.1573) |
| 1 pip |
.01 JPY, .0001 USD |
| Settlement |
Transaction plus two days (T+2) |
ECONOMIC OVERVIEW
ECONOMIC POLICY MAKERS AND TOOLS
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Economic Indicators
Consumer Confidence |
Consumer Price Index (CPI) |
Employment |
Employment Cost Index (ECI) |
Gross Domestic Product (GDP) |
Industrial Production |
Institute of Supply Managers |
International Trade |
Producers Price Index (PPI) |
Retail Sales |
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* The "Average Bid/Offer" listings above are illustrations of how the average prices or spreads of a listed currency pair may appear. They do not, however, reflect the spreads or bid/offer prices available to forex traders through Global Forex Trading, Division of Global Futures and Forex, Ltd.
NOTE: The information in this publication is taken from publicly available sources and is subject to change without notice. The publisher assumes no responsibility for inaccuracies or changes in the data. The information provided here should not be relied on as a substitute for extensive independent research before making your investment decisions. Global Forex Trading is merely providing this guide for your general information. Global Forex Trading will not be responsible for any losses incurred on investments made by readers and customers as a result of any information contained in this guide. Global Forex Trading does not render investment, legal, accounting, tax, or other professional advice. If investment, legal, tax, or other expert assistance is required, the services of a competent professional should be sought.
CD01U.105.111407
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DEVELOPED COUNTRIES
EMERGING COUNTRIES
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