Your browser does not support JavaScript.
Home Categories Guide to Forex Trading The Kenyan shilling (KES) is the national currency of the African countries of Kenya, Sudan and Somalia. New Zealand’s currency is known as the New Zealand dollar (NZD). The Comorian franc is the official currency of the African island nation of the Comoros. The Kuwaiti Dinar (KWD) is the currency of the State of Kuwait and as of 2021 is the most valuable currency on Earth. KYD is the abbreviation or currency symbol for the Cayman Islands dollar (KYD), the currency of the Cayman Islands. Legal tender is legally recognized money within a given political jurisdiction. Natural hedging is a strategy aimed at reducing risk by investing in assets whose performance is negatively correlated through some internal or natural mechanism. The Nepalese Rupee (NPR) is the national currency of Nepal. The Net Interest Rate Differential (NIRD) measures the total difference between the interest rates of two currencies in the forex market. A non-deliverable forward (NDF) is a two-way contract for currency derivatives to exchange cash flows between the NDF and the prevailing spot rates.