International Organization For Standardization - ISO


DEFINITION of 'International Organization For Standardization - ISO'

The world's largest developer and published of international standards. The ISO is a network of the national standards institutes of 163 countries, coordinated by a Central Secretariat in Geneva.

For example, in a currency context, ISO 4217 is the international standard established by the ISO that specifies the structure for the three-letter codes used to describe the many currencies used around the world.

BREAKING DOWN 'International Organization For Standardization - ISO'

The ISO 4217 Code for a currency generally consists of the country's two-character country code (ISO 3166-1 alpha-2) plus an additional character referring to its currency unit. For example, the U.S. dollar is represented by USD, the Japanese yen by JPY, and so on.

  1. Intermodal Freight

    Products and raw materials that are placed in a container that ...
  2. Major Pairs

    The four forex pairs which are considered to be the most heavily ...
  3. Currency Convertibility

    The ease with which a country's currency can be converted into ...
  4. Cross Currency

    A pair of currencies traded in forex that does not include the ...
  5. Exotic Currency

    A foreign exchange term for a thinly traded currency. Exotic ...
  6. Currency Pair

    The quotation and pricing structure of the currencies traded ...
Related Articles
  1. Forex Strategies

    Trading Forex Trends With MACD And Moving Averages

    Although based on short-term trading, keeping the long-term picture in mind will help investors trade with the trend.
  2. Options & Futures

    Exploring Non-Dollar Currencies For Forex Trading

    Learn how investments in foreign currencies can diversify your portfolio.
  3. Forex Education

    Spread-To-Pip Potential: Which Pairs Are Worth Day Trading?

    Spreads play a significant factor in profitable forex trading. Learn when it's worth trading and when it isn't.
  4. Forex Education

    Seasonal Trends In The Forex Market

    Uncover the predictable behaviors of some currencies throughout the calendar year.
  5. Home & Auto

    Before you Buy That Home: Find a Great Realtor

    Most people think of a good realtor as a successful salesperson, but we should not assume than that's what makes a great or even a good realtor.
  6. Forex

    Trans-Pacific Partnership Agreement: Pros & Cons

    With President Obama securing fast track authority on the Trans-Pacific Partnership, the benefits for labor and capital can be examined.
  7. Investing

    What's a Multinational Corporation?

    A multinational corporation is just that – a corporation that operates in multiple nations, with a home office that coordinates global management. Being a multinational corporation is a complicated ...
  8. Investing

    What is Globalization?

    As a business term, globalization refers to the tendency of international trade, investments, information technology and outsourced manufacturing to weave the economies of diverse countries together.
  9. Credit & Loans

    5 Eurozone Acronyms Explained

    Confused by all of the new acronyms used by the media to describe the European debt crisis? We can help.
  10. Economics

    How A Eurasian Union Could Control The World's Energy

    Putin recently said that he wanted to form a Eurasian Union. What would this union look like and what affect would it have on the global economy?
  1. How do you conduct effective social responsibility training?

    One way to provide employees with effective social responsibility training is to base training sessions on resources offered ... Read Full Answer >>
  2. What types of accounts are available for forex trading?

    There are many different types of forex accounts available to the retail forex trader. Demo accounts are offered by forex ... Read Full Answer >>
  3. How do NGOs get funding?

    A non-governmental organization (NGO) is a non-profit, citizen-based group that functions independently of government. NGOs ... Read Full Answer >>

You May Also Like

Hot Definitions
  1. Purchasing Power

    The value of a currency expressed in terms of the amount of goods or services that one unit of money can buy. Purchasing ...
  2. Real Estate Investment Trust - REIT

    A REIT is a type of security that invests in real estate through property or mortgages and often trades on major exchanges ...
  3. Section 1231 Property

    A tax term relating to depreciable business property that has been held for over a year. Section 1231 property includes buildings, ...
  4. Term Deposit

    A deposit held at a financial institution that has a fixed term, and guarantees return of principal.
  5. Zero-Sum Game

    A situation in which one person’s gain is equivalent to another’s loss, so that the net change in wealth or benefit is zero. ...
  6. Capitalization Rate

    The rate of return on a real estate investment property based on the income that the property is expected to generate.
Trading Center
You are using adblocking software

Want access to all of Investopedia? Add us to your “whitelist”
so you'll never miss a feature!