You may see the alphabetic code when you’re comparing the exchange rates for different currencies. It’s used to establish internationally recognized codes and reduce confusion and errors when dealing with different currencies.Įach currency has a three-letter alphabetic code and corresponding three-digit numeric code. ISO publishes and maintains the “ISO 4217” code list, a list with both alphabetic and numeric codes to represent currencies around the world. What’s the difference between a currency code and a currency symbol? It’s up to eight times cheaper to send money abroad with CurrencyFair compared to traditional banks, and our world-class customer support team is available if you have any questions.

If you need to handle multiple currencies or send money abroad for personal or business reasons, CurrencyFair can help. Similarly, currency codes and symbols create a unified language to connect the various currencies around the world in a universally understandable way. IBAN was introduced as a simple solution to translate bank account details into a machine-readable alphanumeric format to better facilitate international money transfers. ISO is the same organisation responsible for the creation of the International Bank Account Number (IBAN), and we have previously written about what an IBAN is and how to find it. According to the International Organization for Standardization (ISO), there are almost 300 currencies circulating the world, and every world currency has its own distinct codes, set by ISO, and currency symbol.

All country currency with symbol