Forex Jargon

Every discipline has its own jargon, and the currency market is no different. Here are some terms to know that will make you sound like a seasoned currency trader :

  • Cable, sterling, pound - alternative names for the GBP.
  • Greenback, or buck - nicknames for the U.S. dollar.
  • Swissie - nickname for the Swiss franc.
  • Aussie - nickname for the Australian dollar.
  • Kiwi - nickname for the New Zealand dollar.
  • Loonie, the little dollar - nicknames for the Canadian dollar.
  • Figure - FX term connoting a round number like 1.2000.
  • Yard - a billion units, as in "I sold a couple of yards of sterling."