General Awareness · Banking Financial Awareness

Currencies and Exchange Rates

1,480 Questions

Knowledge of global currencies and exchange rates is vital for general awareness sections in banking and civil service exams. Topics include identifying the official currencies of various countries and understanding digital currency types. Use this collection to quickly memorize international currency symbols.

Country currency identificationDigital currency typesCurrency exchange tipsGlobal currency symbols

Currencies and Exchange Rates Questions

Multiple choice

What is the currency of Zimbabwe?

  1. Dong

  2. Peso

  3. Dollar

  4. None of these
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Zimbabwe's currency has changed multiple times. Since 2024, it uses the Zimbabwe Gold (ZiG). Previously it used the Zimbabwe Dollar (which was suspended). Dong is Vietnamese, Peso is used in Latin American countries, and Dollar is a generic name used by many nations but not specifically Zimbabwe Dollar anymore.

Multiple choice

'Cedi' is the currency of

  1. France

  2. Iceland

  3. Ghana

  4. Italy
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Ghana's currency is called the cedi. One cedi is divided into 100 pesewas. The currency has been Ghana's official money since 1965, with reintroduction after periods of using other currencies. France uses the Euro, Iceland uses the krona, and Italy uses the Euro.

Multiple choice

Which one of the following countries uses the currency ' New Peso' ?

  1. Laos

  2. Mauritius

  3. Mexico

  4. None of these
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Mexico uses the currency called 'Peso', specifically referred to as the 'Mexican Peso' (MXN). In 1993, Mexico introduced the 'Nuevo Peso' (New Peso) to replace the old peso at a 1:1000 ratio due to hyperinflation. By 1996, the term 'Nuevo' was dropped, but 'New Peso' is still commonly understood as referring to the Mexican Peso system. Laos uses Kip, Mauritius uses Mauritian Rupee, making Mexico the correct answer among the options.

Multiple choice

What is the currency of Taiwan?

  1. Franc

  2. Pound

  3. Dinar

  4. Dollar
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Taiwan's official currency is the New Taiwan Dollar (TWD), commonly referred to simply as the 'Dollar'. Franc is used in France/Switzerland, Pound in the UK, and Dinar in several Middle Eastern countries. The dollar is the only correct option among the choices provided.

Multiple choice

What is the currency of New Zealand?

  1. Dollar

  2. Franc

  3. Lira

  4. Dinar
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The New Zealand Dollar (NZD) is the official currency of New Zealand. It was introduced in 1967, replacing the New Zealand pound. The dollar is divided into 100 cents and is one of the most traded currencies in the Asia-Pacific region.

Multiple choice

Yuan is the currency of

  1. China

  2. Singapore

  3. South Korea

  4. Japan
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Yuan (CNY) is the official currency of the People's Republic of China. Singapore uses the dollar (SGD), South Korea uses the won (KRW), and Japan uses the yen (JPY).