Nicknames Of Currencies And The History Behind Them

If you have spent any amount of time trading Forex then you have probably heard some of the interesting nicknames given to currency pairs.

Although you have heard some of these nicknames you might not be aware of the history behind them, so that is what we are going to discover today.

EUR/USD

Referred to as either the Fibre or simply the Euro, the EUR/USD is one of the most frequently traded currency pairs.

One explanation for the Fibre nickname is that 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 slightly simpler explanation is the fact that the Eurozone is reported to have one of the best optical fibre networks on the planet.

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.

GBP/JPY

Guppy and Geppy are names sometimes given to the GBP/JPY, and this simply stems from condensing the pair name phonetically.

USD/CAD

Loonie is the name most commonly given to this pair; a reference to the bird on Canadian coinage.

Another older nickname given to the USD/CAD pair is The Funds, which refers to the distinction made between USD and CAD deposits.

AUD/USD

Matie, Aussie, and Ozzie are all names given to the AUD/USD.

Aussie and its variant Ozzie are the most common names for this currency pair, with fairly obvious origins. As for Matie, that one is slightly more obscure with uncertain origins.

EUR/JPY

Yuppy and Euppy are more nicknames which phonetically squish together the letters of the name for this currency pair.

These two nicknames are pronounced the same; however, it is worth noting that a nickname is not commonly used for EUR/JPY.

USD/JPY

The USD/JPY pair can be called Yen and even Ninja, again with fairly obvious origins based on the Yen’s home in Japan.