"Currency code" redirects here. It is not to be confused with Currency symbol
- Table A.1 – Current currency & funds code list
- Table A.2 – Current funds codes
- Table A.3 – List of codes for historic denominations of currencies & funds
The ISO 4217 code list is used in banking
globally. In many countries the ISO 4217 alpha codes for the more common currencies are so well known publicly that exchange rates
published in newspapers or posted in banks
use only these to delineate the currencies, instead of translated currency names or ambiguous currency symbols
. ISO 4217 alpha codes are used on airline tickets
and international train
tickets to remove any ambiguity about the price.
A list of exchange rates for various base currencies given by a money changer
in Thailand, with the Thailand Baht as the counter (or quote) currency. Note the Korean currency code should be KRW.
In the case of national currencies, the first two letters of the alpha code are the two letters of the ISO 3166-1 alpha-2 country code
and the third is usually the initial of the currency itself. So Japan
's currency code is JPY
—JP for Japan and Y for yen
. This eliminates the problem caused by the names dollar, franc, peso
being used in dozens of countries, each having significantly differing values.
In some cases, the third letter of the alpha code is not the initial letter of the currency name. There are two possible reasons for this to happen:
- It is considered important that the code of a completely new currency be highly mnemonic. An example is the assignment of the code EUR to the euro. ISO 4217 amendment 94, which created this code, states “The code element 'EU' has been reserved by the ISO 3166 Maintenance Agency for use within ISO 4217 where 'R' has been appended to make an acceptable mnemonic code.”. Here the R comes from the third letter in the word “euro”.
- The currency in question is replacing another currency of the same name, due to devaluation. So that the two currencies have different codes, a different third letter must be chosen for the code of the new currency. In some cases, the third letter is the initial for "new" in that country's language, to distinguish it from an older currency that was revalued; the code sometimes outlasts the usage of the term "new" itself (for example, the code for the Mexican peso is MXN). Another solution to a devalued currency having the same name as its predecessor is to choose a third letter which results in a 3-letter code with mnemonic significance. For example, the Russian ruble changed from RUR to RUB following a devaluation, where the B comes from the third letter in the word "ruble".
In addition to codes for most active national currencies ISO 4217 provides codes for "supranational" currencies, procedural purposes, and several things which are "similar to" currencies:
The use of an initial letter "X" for these purposes is facilitated by the ISO 3166 rule
that no official country code beginning with X will ever be assigned.
The inclusion of EU (denoting the European Union
) in the ISO 3166-1
reserved codes list allows the euro
to be coded as EUR rather than assigned a code beginning with X, even though it is a supranational currency.
ISO 4217 also assigns a three-digit numeric code to each currency, much like the three-digit numeric code assigned to each country by ISO 3166
. The numeric code assigned to a currency by ISO 4217 is usually the same as the numeric code assigned to the corresponding country by ISO 3166-1
. For example, USD (United States dollar
) has numeric code 840 which is also the numeric code for the US (United States).
The 2008 (7th) edition of ISO 4217 says the following about minor units of currency:
Requirements sometimes arise for values to be expressed in terms of minor units of currency. When this occurs, it is necessary to know the decimal relationship that exists between the currency concerned and its minor unit. This information has therefore been included in this International Standard and is shown in the column headed “Minor unit” in Tables A.1 and A.2; “0” means that there is no minor unit for that currency, whereas “1”, “2” and “3” signify a ratio of 10:1, 100:1 and 1 000:1 respectively. The names of the minor units are not given.
Examples for the ratios of 100:1 and 1 000:1 include the United States dollar
and the Bahraini dinar
, for which the column headed “Minor unit” shows “2” and “3”, respectively. As of 2021, two currencies have non-decimal ratios, the Mauritanian ouguiya
and the Malagasy ariary
; in both cases the ratio is 5:1. For these, the “Minor unit” column shows the number “2”. Some currencies do not have any minor currency unit at all. These show the number “0”, as with currencies whose minor units are unused due to negligible value.
Position of ISO 4217 code in amounts The ISO standard does not regulate either the spacing, prefixing or suffixing in usage of currency codes. According however to the European Union
's Publication Office,
texts, the ISO 4217 code is to be followed by a hard space
and the amount:
a sum of EUR 30
the order is reversed; the amount is followed by a hard space
and the ISO 4217 code:
une somme de 30 EUR
Note that, as illustrated, the order is determined not by the currency, but by the native language of the document context.
In 1973, the ISO Technical Committee 68 decided to develop codes for the representation of currencies and funds for use in any application of trade, commerce or banking. At the 17th session (February 1978), the related UN
Group of Experts agreed that the three-letter alphabetic codes for International Standard ISO 4217, "Codes for the representation of currencies and funds", would be suitable for use in international trade.
Over time, new currencies are created and old currencies are discontinued. Such changes usually originate from the formation of new countries, treaties between countries on shared currencies or monetary unions, or redenomination
from an existing currency due to excessive inflation. As a result, the list of codes must be updated from time to time. The ISO 4217 maintenance agency (MA), SIX Interbank Clearing
, is responsible for maintaining the list of codes.
The following is a list of active codes of official ISO 4217 currency names as of 29 August 2018. In the standard the values are called "alphabetic code", "numeric code", "minor unit", and "entity".
Active ISO 4217 currency codes
USD/USS/USN, three currency codes belonging to the US
The US dollar
has two codes assigned: USD and USN (next day). The USS (same day) code is not in use any longer, and was removed from the list of active ISO 4217 codes in March 2014.
According to UN/CEFACT recommendation 9, paragraphs 8–9 ECE/TRADE/203, 1996, available online
8. In applications where monetary resources associated with a currency (i.e. funds) need not be specified and where a field identifier indicating currency is used, the first two (leftmost) characters are sufficient to identify a currency—example: US for United States dollars for general, unspecified purposes where a field identifier indicating currency is present. (A field identifier can be a preprinted field heading in an aligned document or a similarly-agreed application in electronic transmission of data.)
9. In applications where there is a need to distinguish between types of currencies, or where funds are required as in the banking environment, or where there is no field identifier, the third (rightmost) character of the alphabetic code is an indicator, preferably mnemonic, derived from the name of the major currency unit or fund—example: USD for general, unspecified purposes; USN for United States dollar next-day funds, and USS for funds which are immediately available for Federal Reserve transfer, withdrawal in cash or transfer in like funds (same-day funds). Since there is no need for such a distinction in international trade applications, the funds codes have not been included in the Annex to the present Recommendation.
As of August 2018, there are no new codes planned to be added to the standard.
Non ISO 4217 currencies
Currencies without ISO 4217 currency codes
A number of active currencies do not have an ISO 4217 code, because they may be: (1) a minor currency pegged at par (1:1) to a larger currency, even if independently regulated, (2) a currency only used for commemorative banknotes or coins, or (3) a currency of an unrecognized or partially recognized state
. These currencies include:
Unofficial currency codes
Despite having no official recognition in ISO 4217, the following non-ISO codes are sometimes used locally or commercially.
Active non-ISO 4217 currency codes
The following non-ISO codes were used in the past.
Historical non-ISO 4217 currency codes
Unofficial codes for minor units of currency
Minor units of currency (also known as currency subdivisions or currency subunits) are often used for pricing and trading stocks
and other assets, such as energy,
but are not assigned codes by ISO 4217. Two conventions for representing minor units are in widespread use:
- Replacing the third letter of the ISO 4217 Code of the parent currency with an upper-case "X". Examples are GBX for Penny Sterling, USX for the US Cent, EUX for the Euro Cent.
- Replacing the third letter of the ISO 4217 Code of the parent currency with the first letter of the name of the minor unit, using lower-case. Examples are GBp for Penny Sterling, USc for the US Cent, EUc for the Euro Cent.
A third convention is similar to the second one but uses an upper-case letter, e.g. ZAC
for the South African Cent. This convention is not in widespread use as it would result in clashes, e.g. between GBP for Pound Sterling and GBP for Penny Sterling.
Unofficial codes for cryptocurrencies
Non-ISO 4217 cryptocurrency codes
Historical currency codes
A number of currencies had official ISO 4217 currency codes and currency names until their replacement by another currency. The table below shows the ISO currency codes of former currencies and their common names (which do not always match the ISO 4217 names).
Historical ISO 4217 currency codes
- ^ a b c d e The number of digits after the decimal separator.
- ^ Entities listed in the ISO 4217 standard. See the list of circulating currencies for de facto currency use.
- ^ a b The Malagasy ariary and the Mauritanian ouguiya are technically divided into five subunits (the iraimbilanja and khoum respectively) the coins display "1/5" on their face and are referred to as a "fifth" (Khoum/cinquième); These are not used in practice, but when written out, a single significant digit is used. E.g. 1.2 UM.
- ^ Croatia and Macedonia issued their own currencies before the 1992 dinar entered circulation. Bosnia and Herzegovina issued their own currency when the 1992 dinar entered circulation.
- ^ The numeric code for the German Mark was originally 280: it was changed to 276 on 16 April 1999.
- ^ a b "Current currency & funds code list – ISO Currency". SIX.
- ^ "Current funds codes list – ISO Currency". SIX.
- ^ a b "List of codes for historic denominations of currencies & funds – ISO Currency". SIX.
- ^ "Currency Code Services – ISO 4217 Maintenance Agency". Retrieved 2013-03-25.
- ^ "ISO 4217 AMENDMENT NUMBER 94"(PDF). ISO 4217 Maintenance Agency.
- ^ OP/B.3/CRI, Publications Office -. "Publications Office — Interinstitutional style guide — 7.3.3. Rules for expressing monetary units". publications.europa.eu.
- ^ The original document uses “hard space” NOT “fixed space” that is confusable. See https://en.wikipedia.org/wiki/Non-breaking_space#cite_note-1
- ^ "Renminbi Services". The Hongkong and Shanghai Banking Corporation. Retrieved 2018-02-14.
- ^ a b "Unidad de valor real (UVR) – Banco de la República de Colombia" [Unit of Real Value (UVR)]. Banco de la República (in Spanish). Retrieved 2013-11-29.
- ^ "ISO 4217 Amendment Number 163" (PDF). Zurich: SIX Interbank Clearing. 2017-06-09.
- ^ "ISO 4217 Amendment Number 165" (PDF). Zurich: SIX Interbank Clearing. 2017-12-14.
- ^ a b c d "ISO 4217 Amendment Number 168"(PDF). Zurich: SIX Interbank Clearing. 2018-08-02. Retrieved 2020-08-07.
- ^ "ISO 4217 Amendment Number 164" (PDF). Zurich: SIX Interbank Clearing. 2017-09-22.
- ^ "ISO 4217 Amendment Number 169" (PDF). Zurich: SIX Interbank Clearing. 2018-08-17. Retrieved 2020-08-07.
- ^ "ISO 4217 Amendment Number 148" (PDF). Zurich: SIX Interbank Clearing. 2010-08-17.
- ^ "ISO 4217 Amendment Number 151" (PDF). Zurich: SIX Interbank Clearing. 2011-04-07. Retrieved 2020-08-07.
- ^ "The Order of Malta, A little history". Retrieved 2011-03-30.
- ^ "China's currency: the RMB, CNY, CNH..." Archived from the original on 18 April 2015. Retrieved 30 April 2015.
- ^ "CNH vs CNY: Differences Between the Two Yuan". Nasdaq.
- ^ "Taiwan launches offshore RMB". Retrieved 2020-08-12.
- ^ a b c d "Currency Table: Euro (EUR)". XE.com. Newmarket, Ontario: XE.com Inc. 2019-08-10. Archived from the original on 2019-08-10. Retrieved 2019-08-10.
- ^ Hammett, Mike (2001). Dictionary of International Trade Finance Terms. Canterbury: Financial World Publishing. p. 176. ISBN 978-085297-576-3. Retrieved 2013-11-29.
- ^ "Bank of Israel - Currency". www.boi.org.il.
- ^ Efron, Arnoldo, ed. (2018). "Zimbabwe". MRI Bankers' Guide to Foreign Currency (90 ed.). Houston, Texas: Monetary Research Institute. p. 253. ISBN 978-0962933974.
- ^ a b c d e f g h i "EU Vocabularies, Currency". Publications Office of the European Union. 2020-06-24.
- ^ a b c "The Transaction Reporting User Manual (TRUM), Section 7.3 (Data fields for quantity and price reporting), Field 17 (Currency)". Agency for the Cooperation of Energy Regulators (ACER).
- ^ a b c "TRADEcho PreTrade SI Quote FIX Specification" (PDF). London Stock Exchange.
- ^ a b "GBP". Investopedia.
- ^ a b c "Currency Struct Reference, Member Enumeration Documentation". OnixS.
- ^ "What are Currency Options" (PDF). Johannesburg Stock Exchange.
- ^ "SIX Interbank ISO 4217: A controversial standard" (PDF).
- ^ Reiff, Nathan. "The 10 Most Important Cryptocurrencies Other Than Bitcoin". Investopedia. Retrieved 2020-05-30.
- ^ "ISO 4217 Amendment Number 31" (PDF). 1990-03-26.
- ^ "ISO 4217 Amendment Number 125" (PDF). London: BSI Group. 2004-12-01.
- ^ "ISO 4217 Amendment Number 134" (PDF). London: BSI Group. 2006-10-25.
- ^ "ISO 4217 Amendment Number 102" (PDF). London: BSI Group. 1999-04-16. Retrieved 2020-08-07.
- ^ "ISO 4217 Amendment Number 139" (PDF). London: BSI Group. 2007-06-18.
- ^ a b "Greek drachma". BPstat. Lisbon: Banco de Portugal. 2010-10-15. Archived from the original on 2019-08-10. Retrieved 2019-08-10.
- ^ "ISO 4217 Amendment Number 50" (PDF). 1992-12-10.
- ^ "ISO 4217 Amendment Number 48" (PDF). 1992-10-29.
- ^ Sammut, Joseph (March 2004). "Malta coins along the years". Coins of Malta. Archived from the original on 2019-08-10. Retrieved 2019-08-10.
- ^ "ISO 4217 Amendment Number 10" (PDF). BSI Group. 1985-01-23.
- ^ "Current currency & funds code list". Swiss Association for Standardization. Retrieved 2013-12-09.
- ^ "ISO 4217 Amendment Number 158" (PDF). Zurich: SIX Interbank Clearing. 2014-03-28. Retrieved 2020-08-07.
- ^ "Banco Central del Uruguay – Cambios de Unidad Monetaria – 1° de julio de 1975". Archived from the original on 2018-07-16.
- ^ "ISO 4217 Amendment Number 157" (PDF). Zurich: SIX Interbank Clearing. 2014-03-28. Retrieved 2020-08-07.
- ^ "ISO 4217 Amendment Number 105" (PDF). London: BSI Group. 1999-11-12.
- ^ "Bank of Zambia – Zambian Currency History". Archived from the original on 5 September 2006.
Last edited on 11 May 2021, at 14:28
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