Convert Currency code to Currency Symbol
{full_page}
Convert Currency code to Currency Symbol
Currency symbols were developed as a quick and easy shorthand method to display the relevant currency type on and offline. These symbols eliminate the need to write out the full currencies name, and rather allow you to replace the full nomenclature with either an abbreviation and/or unique symbol.
In the following example, you will note two distinct currency signs/symbols: “USD” and “$”.
One-hundred US dollars may be expressed as:
- One-hundred Dollars
- One-hundred USD
- $100
Let’s take a look at one more. In the example below, we’ll examine the currency sign and symbol for the British Pound.
British Pound (also known as British Sterling or Sterling):
- GBP
- £
Why Are Currency Signs Important?
Currency signs and symbols provide a standardized and universally recognized way to quickly and readily identify various currencies. Because of the “exchange rate” between each currency, knowing what type of currency you will be paying in is important.
Continuing with the aforementioned example of USD vs GBP, as of the time this guide was written, $1 was only equal to 0.80 Sterling. If you happened to be from the USA, carrying USD, and ventured into a café, this becomes quite important to note. Similarly, when shopping online you may come across sites that accept payment in different currencies and knowing what you’re working with will make calculating payment and comparing prices much easier.
Should I Write the Currency Symbol Before or After the Numeric Value?
This is a common question we see, and with good reason. The answer, is that it depends. Local customs as well as the currency itself generally dictate what the proper practice is.
For example, some European currencies are properly expressed with the symbol at the end of the numeric value. A good example of this is Germany and France (i.e. 100€).
In most English-speaking countries, such as the USA or Canada, the symbol and/or abbreviation is generally always in front of the numeric value (i.e. $75 USD or CAD 125.00).
With other currencies, you might even encounter the currency symbol located where the “decimal” would normally be in your native currency (i.e. 50$00).
No comments: