ISOWährungscode

ISOWährungscode refers to the three-letter currency codes defined by the ISO 4217 standard. This international standard, published by the International Organization for Standardization, establishes a clear and unambiguous way to represent currencies and precious metals. Each code consists of three letters, with the first two letters representing the country's ISO 3166-1 alpha-2 country code and the third letter usually being the first letter of the currency name. For example, USD represents the United States Dollar, where US is the country code for the United States and D stands for Dollar. Similarly, EUR represents the Euro, with EU being a reserved code for the European Union, and R for Euro. GBP represents the Great British Pound, with GB as the country code for the United Kingdom.

The primary purpose of ISOWährungscodes is to facilitate international trade, finance, and communication by providing a universally recognized system for currency identification. These codes are essential for financial transactions, such as wire transfers and currency exchange, ensuring that the correct currency is being referred to and processed. They are also widely used in accounting, financial reporting, and information systems. Beyond currencies, ISO 4217 also defines codes for precious metals like gold (XAU), silver (XAG), platinum (XPT), and palladium (XPD), using the letter 'X' as the first character for these non-national entities. The standard is maintained and updated by ISO to reflect changes in currency and country affiliations.