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- This International Standard specifies the structure for a three-letter alphabetic code and an equivalent three-digit numeric code for the representation of currencies and funds.
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What are ISO currency codes?
ISO 4217 also assigns a three-digit numeric code to each currency. This numeric code 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 ISO 3166-1 code for "US" (United States).
The ISO 4217 lists of codes are used in banking and business globally in all their various domains of activities. 1 Scope. This International Standard specifies the structure for a three-letter alphabetic code and an equivalent three-digit numeric code for the representation of currencies.
Numeric code. The three-digit numeric code is useful when currency codes need to be understood in countries that do not use Latin scripts and for computerized systems. Where possible, the three-digit numeric code is the same as the numeric country code.
The standard’s inclusion of numeric codes further enhances its utility, particularly in automated systems where numerical representations are preferred. ISO 4217’s extensive list of currency codes covers not only major currencies but also minor and virtual currencies, reflecting the evolving nature of the global economy.
Mar 25, 2024 · ISO currency codes form the basis of currency pairs and influence exchange rates in the forex market. ISO 4217:2015 standardizes the structure for three-letter alphabetic and three-digit numeric codes. Understanding these codes is essential for forex trading and currency valuation.
Apr 27, 2022 · According to the ISO website, "ISO 4217:2015 specifies the structure for a three-letter alphabetic code and an equivalent three-digit numeric code for the representation of currencies. For...
1 Answer. Sorted by: 1. From the ISO homepage this answer can be found: The three-digit numeric code is useful when currency codes need to be understood in countries that do not use Latin scripts and for computerised systems. Where possible the 3 digit numeric code is the same as the numeric country code.
