Investopedia

Continue to Site »

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.

Articles Of Interest

  1.

    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.

  2. 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.

  3. Top 7 Questions About Currency Trading Answered

    Whether you're puzzled by pips or curious about carry trades, your queries are answered here.

  4. What Are Central Banks?

    They print money, they control inflation, and much, much more. All you need to know about central banks is here.

  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. The Yen Is Setting Up To Be An Attractive Long-Term Investment

    As Japan embarks on quantitative easing, the yen has come under pressure. Will it continue to be the source of big profits in the latter half of 2013?

  7. 3 Costly Spelling Errors

    History has proved that some spelling errors can cost companies and governments millions of dollars.

  8. 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.

  9. The Most Counterfeit-Proof Currencies

    The IACA awards provide some of the best insight into the currencies that are proving the most difficult to fake.

  10. The Basics Of Currency Trading

    Trading in the currency market isn't easy. We tell you what you need to know before starting.
comments powered by Disqus
Marketplace
Hot Definitions

  1. Winner's Curse

    Because of incomplete information, emotions or any other number of factors regarding the item being auctioned, bidders can have a difficult time determining the item's intrinsic value. As a result, the largest overestimation of an item's value ends up winning the auction.

  2. Glocalization

    A combination of the words "globalization" and "localization" used to describe a product or service that is developed and distributed globally, but is also fashioned to accommodate the user or consumer in a local market.

  3. Disaster Loss

    A special type of tax-deductible loss, similar to a casualty loss, where a loss has been incurred by taxpayers who reside in an area that has been designated as a federal disaster area by the President.

  4. Fool In The Shower

    The notion that changes or policies designed to alter the course of the economy should be done slowly, rather than all at once.

  5. Pattern Day Trader

    An SEC designation for traders who trade the same security four or more times per day (buys and sells) over a five-day period, and for whom same-day trades make up at least 6% of their activity for that period.

  6. Cost-Push Inflation

    A phenomenon in which the general price levels rise (inflation) due to increases in the cost of wages and raw materials.
Trading Center