- Home
- INTRODUCE
- MONEY AND FINANCE
- PROJECTS
- SOLUTION
- NEWS
- Contact
Foreign currency is the currency of another country, used in international transactions or when traveling, working in other countries. The use of foreign currency helps promote international trade and exchange between economies. Each country has its own currency, and these currencies can be exchanged and traded at banks, financial markets or through international money transfer services.
Below are the 4 main and popular currencies in the world:
US Dollar (USD)
The US Dollar (USD) is the most widely used currency in the world and is the main currency in international transactions. With the stability of the US economy, the US Dollar is used as a global reserve currency, accounting for a large proportion of international trade and financial transactions. The US Dollar is also used as a currency in many countries outside the US, such as Panama or some countries in the Caribbean.
Euro (EUR)
The Euro (EUR) is the official currency of the European Union, used in 19 countries in the eurozone. The Euro is considered one of the strongest and most popular currencies in the world, second only to the US Dollar in terms of international transactions. The Euro helps to unify the economies of countries in the EU and is widely accepted in global trade and financial transactions.
Japanese Yen (JPY)
The Japanese Yen (JPY) is the currency of Japan, one of the world’s largest economies. The Japanese Yen is widely traded in the international financial markets and is one of the strongest currencies in the Asian region. The Japanese Yen is commonly used in transactions involving companies and financial markets in the Asian region and around the world.
British Pound (GBP)
The British Pound (GBP) is the currency of the United Kingdom and is one of the oldest currencies in the world. The pound has a strong value and is used in international transactions, especially within the European region and developed economies. The pound is also often used as a safe haven investment asset during times of global economic uncertainty.
These currencies play an important role in international trade, investment and cross-border financial transactions. Understanding foreign exchange and the world’s major currencies makes it easier to participate in international financial markets and manage financial transactions when working or investing abroad.
Related Articles
Life is full of surprises, and no one can predict every possible situation. No matter how well prepared we are, we will still have to face unexpected events that can greatly affect our personal finances. However, it is important that we can proactively prepare our finances to deal with these situations effectively. 1. Unexpected job […]
Retirement is an important milestone in life, marking the end of the working process and moving into a new phase of freedom. However, to have a comfortable retirement life without having to worry about finances, early financial planning is extremely necessary. Whether you are young or close to retirement age, preparing your finances properly will […]
1. Financial planning for the elderly Elderly care is not only a health issue but also a financial one. You need to plan your finances to ensure that medical, living, and health care expenses are maintained throughout the elderly’s life. The costs to prepare include: Medical expenses and regular medical check-ups: Elderly people often have […]
When you are getting married or having children, financial planning is essential to ensure financial stability in the family. Important events such as marriage or childbirth are major changes in life and will have a profound impact on personal and family finances. To prepare well for these changes, it is important to budget and prepare […]
1. Regular Health Care: Benefits and Importance Regular health care is an annual health check-up, including basic tests such as blood pressure checks, blood tests, ultrasounds, liver and kidney function tests, and other health issues. For adults, regular health check-ups help detect potential health problems that you may not have noticed. This is especially important […]
Recruitment Process in Vietnam The recruitment process in Vietnam varies depending on the industry. Some companies require candidates to participate in multiple rounds of interviews or take professional tests, while others can hire quickly. Interviews can now be conducted via video calls, which saves time and is convenient for both candidates and employers. To prepare […]
Buying a Home: A Major Financial Decision Buying a home is a major financial decision and is often one of the biggest purchases you will make in your lifetime. Before you make a purchase decision, you need to understand the financial factors involved and how they will affect your budget. Down Payment – Deposit When […]
1. Citizens’ tax responsibilities Every citizen and business has the responsibility to pay taxes to the state, which is an obligation to ensure financial resources for public services such as education, health, security and infrastructure projects. This responsibility not only helps maintain and develop state activities but also helps build a fair and sustainable society. […]
1. Introduction to Currency What is Currency? A simple and easy-to-understand explanation of the concept of currency. The role of money in everyday life. The history of currency: From barter to paper money and electronic money. The interesting story of money through the ages. 2. Popular currencies Cash: Paper money, coins and how to identify […]
1. Apartment rental market in Vietnam The apartment rental market in big cities like Hanoi and Ho Chi Minh City is currently very developed and highly competitive. Rental prices can fluctuate greatly depending on the location, area and amenities of the apartment. Areas in the city center or near industrial parks, schools, and hospitals are […]
1. Determine your car budget Before deciding to buy a car, you need to determine the budget that you can reasonably spend. Car prices can vary greatly, from cheap cars to high-end models, so consider your financial capacity carefully. In addition to the value of the car, you also need to consider other additional costs […]
Entering university is a major milestone in every student’s life, with many new experiences such as studying, living independently, and managing expenses. Budgeting for this stage can be challenging, especially for students who are having to financially support themselves for tuition, accommodation, books, etc. for the first time. Higher education and costs to consider Higher […]
