Currency Nicknames Used by Professional Traders

Currency Nicknames Used by Professional Traders
TradeGM Analysis date_range December 10th, 2020

We’ve compiled a list of nicknames for different currencies and currency pairs traded on the market. Every professional has this knowledge – some even go far as to call it the secret handshake of traders. It may seem silly at first glance, but when things are happening fast, as they tend to do in the trading world, you will find this quite useful. Even if you don’t see a use for these nicknames, at the very least, they will make you giggle!  

Let’s start with currency pairs… 

USD / GBP – Cable  

It’s a clever nickname that came to pass due to the cable under the Atlantic Ocean, which connected the USA and UK, allowing them to transmit currency prices.  

USD / RUB – Barnie  

EUR / RUB – Betty  

Both of the above currencies’ nicknames are attributed to Flintstone characters; however, it’s unclear why. Perhaps because the Rubble is such an old currency, it goes back to the Dinosaur ages?  

USD / JPY – Ninja  

Do we really have to explain his one?  

EUR/GBP – Chunnel  

This nickname is attributed to the underwater channel that connects the UK and France.   

GBP / JPY – Guppy   

EUR / JPY – Euppy  

The above two are just combinations of the sounds of the currency abbreviations. Not much for creativity, huh?  

EUR/ BTC – Nakamoto  

This nickname is credited to Satoshi Nakamoto – the alias used by the anon who developed Bitcoin.  

Now, let’s look at some nicknames for individual currencies…  

The US Dollar is also known as Buck or Greenback. Greenback because dollars were printed on green paper during the American Civil War, and Buck because American Indians traded buck’s skin for dollars.  

The Euro is also known as Fiber. The nickname presumably stems from the paper used to print euros, made from pure cotton fiber, making it durable.  

The GBP is also known as Pound, Sterling, or Sterling Pound. Either of those currency nicknames derive from times when a British pound was of equal value as one pound of sterling silver.  

The CAD is also known as Loonie, thanks to their 1-dollar coin, which features a loon bird.  

The NZD is also known as Kiwi because of the kiwi bird. The bird also happens to be the national symbol of New Zealand.  

The CHF is known as Swissy because it originates from Switzerland. CHF stands for Confoederatio Helvetica Franc, which is the country’s Latin name.  

The AUD is also known as Aussie or Ozzie. This nickname takes after the slang name for Australian people – Aussies. The Brits tend to pronounce the ‘s’ as a ‘z,’ hence the Ozzie.  

The NOK is also known as the Noki.  

The SEK is also known as the Soki. 

We’re assuming that the last two nicknames just try to make the currencies sound brighter in otherwise cold Scandinavian environments.

Much like many other professionals, traders have their own jargon or technical language, and you should learn it if you’re looking to become a member of the traders’ team!

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.42% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. X