General Awareness · Banking Financial Awareness

Currencies and Exchange Rates

1,506 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

The US dollar index is the trade weighted index of _____ currencies.

  1. 5

  2. 6

  3. 7

  4. 8
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The US Dollar Index (DXY) tracks the value of the USD against a basket of 6 currencies: Euro (57.6%), Japanese Yen (13.6%), British Pound (11.9%), Canadian Dollar (9.1%), Swedish Krona (4.2%), and Swiss Franc (3.6%). The weights are periodically reviewed.

Multiple choice

Which is the currency of Zambia?

  1. Zimbabwe Dollar

  2. Dong

  3. Euro

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

Zambia's currency is the Kwacha (ISO code: ZMW). The Zimbabwe Dollar is from Zimbabwe, the Dong is Vietnam's currency, and the Euro is used by European Union countries - none of these are Zambia's currency.

Multiple choice

If a country 'devalues' its currency, it would be having

  1. floating exchange rate system

  2. fixed exchange rate system

  3. exports would fall

  4. dirty float
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Devaluation involves officially reducing the value of a currency against a reference (usually gold or another currency like the US dollar). This can only occur under a fixed exchange rate system where the government sets the currency value. Under floating rates, market forces determine value, so 'devaluation' in the formal sense cannot occur - there's only depreciation. Devaluation is a policy tool available only to countries with fixed regimes.

Multiple choice

Which is the currency of Vietnam?

  1. Yen

  2. Dong

  3. Euro

  4. Bolivar
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Vietnam's currency is the Dong (abbreviated as VND). Yen is Japan's currency, Euro is used by European countries, and Bolivar is Venezuela's currency. The Dong has been Vietnam's currency since 1978.

Multiple choice

Which is the currency of Venezuela?

  1. Bolivar

  2. Vatu

  3. Riyal

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

Venezuela's official currency is the Bolivar (named after Simon Bolivar). Vatu is Vanuatu's currency, Riyal is used by several Middle Eastern countries, and Som is the currency of Kyrgyzstan (now Som).

Multiple choice

___________ is the currency of Vatican City.

  1. Uruguayan Shilling

  2. Euro

  3. Riyal

  4. Franc
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Vatican City uses the Euro as its official currency despite not being an EU member, through a special agreement with Italy and the EU. Uruguayan Shilling is incorrect (Uruguay uses Peso), Riyal is Middle Eastern currency, and Franc is used by several countries but not Vatican City.

Multiple choice

What is the currency of Zimbabwe?

  1. Zimbabwe Dollar

  2. Kwacha

  3. Dong

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

Zimbabwe's official currency is the Zimbabwe Dollar. The Kwacha is used in Zambia and Malawi, while the Dong is Vietnam's currency and the Bolivar is Venezuela's currency.

Multiple choice

Which is the currency of Vanuatu?

  1. Som

  2. Dollar

  3. Pound

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

Vanuatu uses the Vatu as its official currency. The Som is used in Somalia and Somaliland, while the Dollar and Pound are common currency names used by many countries worldwide.

Multiple choice

Which is the currency of Yemen?

  1. Dollar

  2. Vatu

  3. Riyal

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

Yemen's official currency is the Yemeni Riyal. The Dollar and Euro are major international currencies, while the Vatu is specific to Vanuatu.

Multiple choice

Which is the currency of Uruguay?

  1. Euro

  2. Lira

  3. US Dollar

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

Uruguay uses the Uruguayan Peso as its national currency. While many South American countries use variants of the peso, Uruguay has its own distinct version. The Euro is European, the Lira is historical Italian currency, and the US Dollar is used in the United States.

Multiple choice

The currency of United States of America is

  1. Euro

  2. US Dollar

  3. Pound

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

The United States uses the US Dollar as its official currency. The Euro is used by European Union countries, the Pound is British currency, and the Australian Dollar is specific to Australia.

Multiple choice

Which is the currency of Ukraine?

  1. US Dollar

  2. Hryvnia

  3. Tunisian Dinar

  4. Euro
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Ukraine uses the Hryvnia as its official currency. The US Dollar and Euro are major international currencies, while the Tunisian Dinar is specific to Tunisia.

Multiple choice

Which is the currency of Tuvalu?

  1. FCA Franc

  2. Euro

  3. US Dollar

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

Tuvalu uses the Australian Dollar as its official currency. The CFA Franc is used in West and Central Africa, while the Euro is European currency.