What Are Major Pairs? The major pairs are the four most heavily traded currency pairs in the forex (FX) market. The four major pairs at present are the EUR/USD, USD/JPY, GBP/USD, USD/CHF. These four major currency pairs are deliverable currencies and are part of the Group of Ten (G10) currency group. While these currencies contribute a
What Is the MOP (Macanese Pataca)? The Macanese pataca (MOP) is the official currency of Macau. It is often presented with the symbol MOP$, as in MOP$100. Macau was formerly a Portuguese colony, and became a special administrative region (SAR) of China in Dec. 1999. Unlike most currencies, the pataca is not administered by a central
What Is the Mauritanian Ouguiya (MRO)? MRO is an abbreviation seen in the foreign exchange (forex) market for the Republic of Mauritania ouguiya (sometimes also spelled as the ougiya). Locally, it is denoted by ‘UM’. One ouguiya divides into five khoums. It has the rare distinction of being one of only two world currencies that are not
What Is the Maldivian Rufiyaa (MVR)? The Maldivian rufiyaa (MVR) is the national currency of the Republic of the Maldives. The rufiyaa is made up of 100 subunits, called laari, and is represented by the currency symbol Rf. The name rufiyaa is derived from the Hindi Sanskrit word rupya, meaning “silver.” Key Takeaways The Maldivian
What Is the Malawian Kwacha (MWK) The term Malawian kwacha (MWK) refers to the official national currency of Malawi. It is abbreviated as MWK in the foreign exchange (forex) market and is commonly represented by the symbol K. The currency is issued and maintained by Malawi’s central bank. One kwacha is divided into 100 tambalas.
What Is the Malaysian Ringgit (MYR)? The Malaysian ringgit is the currency of the Malaysian Federation. The currency abbreviation for the currency is RM, and the currency code is MYR. This is the code seen when requesting a currency quote, such as USD/MYR, which shows the rate of exchange between the U.S. dollar (USD) and
What is Mozambique Metical (MZM/MZN) The Mozambique metical (MZM) is the national currency the African nation of the Republic of Mozambique. The currency’s name, the metical, comes from the Arabic word mithqal, a unit of weight and an alternative name for the gold dinar coin that saw use throughout much of Africa until the nineteenth century. In
What Is the Bhutanese Ngultrum (BTN)? The Bhutanese ngultrum (BTN) is the national currency for the Kingdom of Bhutan, an isolated, mountainous country in central Asia. Its name is a combination of the word ngul, meaning “silver” in the traditional Bhutanese Dzongkha language, and trum, a Hindi word meaning “money.” The ngultrum subdivides into 100 chetrums and uses
What Is the BWP (Botswana Pula)? BWP is the ISO currency code for the official currency of Botswana, the pula, and the symbol “P” represents it. The Bank of Botswana issues and manages the pula. Pula means “rain” or “blessing” because rain is so scarce in Botswana and is considered valuable. The pula is made up
What Is the Belize Dollar (BZD)? BZD is the currency abbreviation for the Belize dollar, which is the currency for Belize. It is often presented locally with the symbol BZ$. The abbreviation BZD is used in the foreign exchange market, which is where currencies from different countries are bought, sold and exchanged. Denominations of the
