Currency Units
By Jackie Walters
EuroLogos.com
www.eurologos.com
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This article provides the appropriate English usage for
the euro and the other currency units of the world, particularly appropriate
now that Europe is about to switch over to the single currency. There
seems to be a tendency in Belgium for non-native English speakers to use
a variety of ways to spell out currency amounts. Well, here are the rules
as far as English is concerned.
Abbreviations
- Never abbreviate the name of a currency unit when
it is mentioned without an amount, i.e., the euro is the new European
currency, the dollar is doing well, and NOT the eur. is the new European
currency, the dol. is doing well.
- When an amount is mentioned, place the accepted abbreviation
before the figure, leaving a space between the abbreviation
for a currency and the amount, unless the abbreviation includes a currency
symbol
| Belgian franc |
BEF 10.00 |
| Euro |
EUR 10.00 |
| U.S. dollar |
USD 10.00 |
Adjectives
- Use the country name adjective to give a precise
reference to the currency.
| Estonian kroon |
|
| Canadian dollar |
|
| French franc |
|
Amounts and figures
- Express large amounts of money in figures.
- For large amounts, use round numbers and the words
"million", "billion", or "trillion" rather than zeros.
| EUR 6.7 million |
not EUR 6,754,323 |
- Use the singular form to denote an exact amount or
a rounded figure (e.g., EUR 1 million, GBP 3.4 billion)
| U.S. dollars |
USD 2.5 million |
not USD 2.5 millions |
| Euros |
EUR 7.6 billion |
not EUR 7.6 billions |
- Do not divide amounts or figures at the end of a
line; do not separate them from the currency abbreviation or symbol.
| €42,531,500 |
not €42,531, -- ...500 |
| US$165 million |
not US$... 165 million |
- Do not hyphenate cardinal and ordinal numbers when
used with units of money.
| €21 million surplus |
not €21-million surplus |
Capitalisation
Currency units ARE NOT capitalised.
Euro
It is also incorrect to refer to the euro by nationality,
for example, as an Austrian euro or a Belgian euro. However, one may refer
to a country's holdings of euros, for example, euro (France) or euro (Germany).
The subsidiary units, which used to be the national currencies of the
euro zone countries (lire, Deutschmark, peseta, franc, etc.), will be
used only during the transition period, that is, through 31 December 2001.
The euro itself is also divided into 100 cents.
- The abbreviation for the euro is "EUR"
- The graphic symbol for the euro is €. Keyboard
shortcut Ctrl+Alt+e
Negative amounts
In text, use the words "plus" and "minus", if possible,
instead of the signs (+ and -) - except in mathematical contexts. It is
preferable to use such phrases as "a deficit of" for minus, or "a surplus
of" for plus.
- The balance of payments showed a deficit [surplus] of €2.5 billion
Exception: mathematical contexts, for example, A coefficient of -1... A
margin of ±5 percent...)
Symbols
- Do not leave a space between the currency symbol (€, $, ¥, etc.) and
the figure.
- But when the symbol is followed by an abbreviation,
leave a space before the figure.
| Australian dollar, $A 10.00 |
not $A10.00 |
- Use the $ symbol to denote U.S dollars, but when
a different dollar is represented, use the relevant abbreviation.
Use US$ only when it is not clear that the reference is to the U.S.
dollar.
| Canadian dollar |
Can$5.4 million |
| Hong Kong dollar |
HK$1.5 million |
Also, in English a comma is used to separate thousands
in numbers and a full stop/period at the decimal point, which is the exact
opposite of French and/or Dutch.
Happy conversion!
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