While some currencies are instantly recognizable wherever you are in the world, others may go amiss to those who don’t deal with them on a daily basis.
Everyone should be able to recognize a US dollar – as its the most traded currency in the world – and the Euro has become widely recognised since its introduction in 1999.
According to data from the latest Triennial Central Bank Survey (2013), coordinated by the Bank for International Settlements, the South African rand is the 18th most traded currency in the world.
After the US dollar – which dominates with 87% of all trades – the Euro (33.4%) is a comfortable second, while the Japanese Yen trails in third (23%).
(If you’re wondering why the top 3 currencies extend past 100% in trade share, it’s because there are two currencies involved in trades, so the sum of the percentage shares of individual currencies totals 200% instead of 100%.)
Other currencies are recognizable for other, more infamous reasons:
Can you tell your dollars from your deutschmarks? Take our quiz and match the currency with its country to find out.
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