ZAC, GBX, EUC and Other Misspelt Currencies
By Gary Kennedy - Oct 10, 2025
In equity prices we often encounter what appear to be strange misspellings of currencies—for example, ZAC rather than ZAR, GBX rather than GBP, or EUC rather than EUR. Why does this happen? As it turns out, they are not misspellings at all! The data provider is usually trying to express the price in minor units of the currency. For instance, a quote of 2,345 ZAC is actually a price of 2,345 South African cents, which is 23.45 ZAR. The same pattern applies to other so-called “misspellings.”