CYP

Filed Under » ,
Dictionary Says

Definition of 'CYP'

The ISO 4217 currency code for the Cypriot pound. The Cypriot pound (CYP), also known as the lira, was the national currency for the country of Cyprus until 2008, when the republic adopted the euro (EUR). The symbol for the pound is £C. As of January 2008, the Cypriot pound had a permanent fixed conversion rate to the euro.
 
Investopedia Says

Investopedia explains 'CYP'

The CYP was issued by the Central Bank of Cyprus, which was formally succeeded by the European Central Bank in 2008 in conjunction with the country's choice to adopt the euro as its national currency. 

The currency market, also known as the foreign exchange market, is the largest financial market in the world.

Sign Up For Term of the Day!

Try Our Stock Simulator!

Test your trading skills!

Related Definitions

  1. Currency

    A generally ...
  2. Forex - FX

    The market in ...
  3. Hard Currency

    A currency, ...
  4. Money

    An ...
  5. ANG (Netherlands Antilles Guilder)

    The currency ...
  6. SIT

    In currencies, ...
  7. INR (Indian Rupee)

    The currency ...
  8. Soft Currency

    A currency with ...
  9. Greek Drachma

    The former basic ...
  10. Xenocurrency

    A currency that ...

Articles Of Interest

  1. Top 7 Questions About Currency Trading Answered

    Whether you're puzzled by pips or curious about carry trades, your queries are answered here.
  2. Currency Exchange: Floating Rate Vs. Fixed Rate

    Baffled by exchange rates? Wonder why some currencies fluctuate while others are pegged? This article has the answers.
  3. What Are Central Banks?

    They print money, they control inflation, and much, much more. All you need to know about central banks is here.
  4. The Currency Board: Understanding The Government's Bank

    Currency board, central bank - what's the difference? Find out more about this little-known monetary authority.
  5. A Primer On The Forex Market

    Moving from equities to currencies requires you to adjust how you interpret quotes, margin, spreads and rollovers.
  6. An Introduction To Complementary Currencies

    There are alternatives to national currencies. Discover complementary currencies and how they work.
  7. Making Sense Of The EUR/CHF Relationship

    The strong correlation between EUR and CHF currency pairs is undeniable. Find out what it means for forex traders.
  8. The Seven-Day Extension Fade

    It's possible to pick a top or bottom with no indicator support. We'll show you how this strategy works.
  9. A Primer On Cross Currency Triangulation

    This method to transact business in euros while making profits at home is essential. Find out how it's done.
  10. Getting Started In Forex Options

    Stocks are not the only securities underlying options. Learn how to use FOREX options for profit and hedging.

comments powered by Disqus
Recommended
Loading, please wait...
Trading Center