1. Pound Sterling
The pound sterling (symbol £) is a currency of the United Kingdom and its overseas territories. Its ISO code is GBP. The currency sign for pounds is £. A British pound (£) is divided into 100 pence (p). Pounds sterling have circulated continuously since they were first issued under Queen Elizabeth I in 1560. In 1672, the Bank of England began issuing banknotes denominated in pounds rather than shillings. Prior to decimalisation, the pound was divided into 20 shillings, each valued at 1/20th of a pound.
2. British Pound Sterling
The pound sterling (£), often referred to simply as "the pound", is a unit of currency and currency code of the United Kingdom. Its ISO 4217 code is GBP or £GBP. As well as being divided into pounds, shillings, pence and then pennies, each sovereign state may issue its own coinage for use in everyday transactions. Each sovereign state retains full control over its own coinage even if it issues coins denominated in different units than those of any other state. In international commerce, the pound sterling forms part of the basis of the International Monetary Fund's special drawing right.
3. U.S. Dollar
The dollar ($) is the official currency of the United States of America. It was originally commodity money derived from Spanish Dollars brought over by Columbus. However, after President Franklin D. Roosevelt signed the Gold Reserve Act into law on February 11, 1933, American citizens would now accept the US dollar as payment for all debts public and private.
4. Euro
The euro () is the official currency of fifteen European Union member states and two associated states located around the continent of Europe: Andorra and San Marino. It was introduced on January 1, 2002, replacing the previous French franc, German mark, Italian lira, Portuguese escudo, Belgian franc, Dutch guilder, Danish krone, Swedish crown and Finnish markka at par value. Euro notes are denominated in hundreds (100), tens (10), and ones (1) while coins are minted from five centime (¢) through two hundred-euro cent (cents €0.05–€2.50); both coinage and paper notes have been designed to look identical to their old French-German counterpart.
5. Japanese Yen
The yen () is the official currency in Japan and the second most traded currency in the world after the U.S. dollar. The name yen comes from Chinese jia (), meaning silver, reflecting the original composition of the Japanese currency unit. It is subdivided into 100 sen (). As of October 30, 2010, 106.87 trillion yen (US$1.07 trillion) had been produced.
6. Swiss Franc
The franc is the official currency of Switzerland. The Swiss franc is subdivided into 100 centimes. There are 5, 12, 25, 50, 100, 200, 500, 1000 and 2000 francs; however, 100 centimes make one franc. Each Swiss citizen is entitled to one free personal account with any cantonal bank. After 2008, the Swiss National Bank adopted the euro as the legal tender of Switzerland, making it illegal to pay for goods in Swiss francs using euros. On August 23, 2009, Parliament voted unanimously to abolish the franc's convertibility into other currencies.
7. Australian Dollar
The Australian dollar (AUD) is the official currency of Australia. It is divided into 100 cents. The symbol for the AUD is $A. The Australian economy is highly integrated globally and therefore has significant foreign trade exposure. Consequently, the currency of Australia is heavily influenced by global market movements and it often serves as a barometer for emerging markets. The strongest performing major currency in 2013 was the New Zealand dollar, followed by the Canadian dollar and then the Australian dollar.
8. Hong Kong Dollar
The Hong Kong Dollar (HKD) is the official currency in Hong Kong. It is divided into ten fen (). The symbol for the HKD is $hk. The Hong Kong Monetary Authority offers a convertible perpetual bond program for investors interested in purchasing Hong Kong dollars. The Hong Kong government uses the Hong Kong Dollar as a reference for international products and services pricing. The Hong Kong Dollar is pegged to the U.S. Dollar, making it easier for companies based in Hong Kong to price their products and services internationally.
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