is currency a commodity
In the foreign exchange market, commodity currencies generally refer to the Australian dollar, Canadian dollar, New Zealand dollar, Norwegian krone, South African rand, Brazilian real, Russian ruble and the Chilean peso.
Forms of Currency: Commodity. The forms and functions of currency have changed over the last 3,000 years or so, generally falling into four categories: 1  Commodity currency. 2  Coins. 3  Paper money. 4  Electronic currency.