Note the Korean currency code should be KRW. Types of codes Ī list of exchange rates for various base currencies given by a money changer in Thailand, with the Thailand Baht as the counter (or quote) currency. The ISO 4217 maintenance agency is responsible for maintaining the list of codes. As a result, the list of codes must be updated from time to time. Such changes usually originate from the formation of new countries, treaties between countries on shared currencies or monetary unions, or redenomination from an existing currency due to excessive inflation. Over time, new currencies are created and old currencies are discontinued. At the 17th session (February 1978), the related UN/ ECE Group of Experts agreed that the three-letter alphabetic codes for International Standard ISO 4217, 'Codes for the representation of currencies and funds', would be suitable for use in international trade. In 1973, the ISO Technical Committee 68 decided to develop codes for the representation of currencies and funds for use in any application of trade, commerce or banking. ISO 4217 alpha codes are used on airline tickets and international train tickets to remove any ambiguity about the price. In many countries, the ISO 4217 alpha codes for the more common currencies are so well known publicly that exchange rates published in newspapers or posted in banks use only these to delineate the currencies, instead of translated currency names or ambiguous currency symbols. The ISO 4217 code list is used in banking and business globally. The tables, history and ongoing discussion are maintained by SIX Group on behalf of ISO and the Swiss Association for Standardization. The first edition of ISO 4217 was published in 1978. Table A.3 – List of codes for historic denominations of currencies & funds.Table A.1 – Current currency & funds code list.ISO 4217 is a standard published by the International Organization for Standardization (ISO) that defines alpha codes and numeric codes for the representation of currencies and provides information about the relationships between individual currencies and their minor units. An airline ticket showing the price with ISO 4217 code ' EUR' ( bottom left) and not with euro currency sign ' €'

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