In everyday foreign exchange market trading and news reporting, currency pairs are often referred to by nicknames rather than their symbolic nomenclature. These are often reminiscent of national or geographic connotations.
for instances, the GBP/USD pairing is known by traders as the cable, which has its origins from the time when a communications cable under the Atlantic Ocean synchronized the GBP/USD quote between the London and New York markets.
Currency Pairs and their Nickname
• “Cable” or for GBP/USD
GBP/USD is typically referred to as Cable. This nickname refers to the steel cable that was laid beneath the Atlantic Ocean in 1858 to enable telecommunications between the UK and US.
- “Euro”’ or ‘’ Fiber’’ for EUR/USD
EUR/USD is nicknamed the Fiber. It is a reference to the GBP/USD which is called Cable, and that it is somewhat looked upon as an “upgrade” based on the old telecommunications cable connecting the UK with the US. Another reason is due to the fact that the currency notes are made with 100% cotton “fiber”.
- “Loonie” or “the Funds” or “Beaver” for USD/CAD
- “Kiwi” for NZD/USD
The New Zealand dollar is called the Kiwi, a reference to the common nickname given to New Zealanders stemming from their national small, brown, furry and flightless bird.
- “Swissy” for USD/CHF
When CHF pairs with USD, it is referred as the Swissy. The Swiss are the citizens of Switzerland, or people of Swiss ancestry.
- “Guppy” for GBP/JPY
Guppy is the nickname for the GBP/JPY which comes from condensing the pair name phonetically.
- “Yuppy” for EUR/JPY
Yuppy is the nickname for EUR/JPY, which you get when you phonetically smash together the letters of the name for this currency pair.
- “Loonie” For USD/CAD
Loonie is the name most commonly given to this pair; a reference to the one dollar coin that carries an image of a bird called “loon”
- “Matie” or “Aussie” for AUD/USD
Another nickname for the Australian dollar but nobody seems to know the history of this nickname.
- “Chunnel” or “Elephant pair for EUR/GBP
The EUR/GBP is often referred to as the Chunnel, a play on words which comes from the name of the Channel Tunnel connecting the UK with France and the rest of Europe. EUR/GBP usually occurs with average fluctuations and also they are called parallel currency against with USD and JPY, Thus EUR/GBP move like Elephant slow.
- “Ninja ” for USD/JPY
USD/JPY is nicknamed the Ninja. This relates to the fact that ninjas came from Japan. Many wonder why not call it the Samurai.
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