money. Bloomberg Financial Dictionary
————
The currency that the security is traded in. London Stock Exchange Glossary
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currency cur‧ren‧cy [ˈkʌrənsi ǁ ˈkɜːr-] written abbreviation cur noun currencies PLURALFORM FINANCE
1. [countable, uncountable] the system or type of money used in a particular country:
• The local currency is the rupee.
ˌblocked ˈcurrency [countable, uncountable] FINANCE
a currency which a government does not allow to be taken out of the country or changed into other currencies
conˌvertible ˈcurrency [countable, uncountable] FINANCE
a currency that can be freely exchanged for another:
• Croatia has created a strong, convertible currency backed by growing foreign currency reserves.
ˌdecimal ˈcurrency [countable, uncountable] FINANCE
a currency whose main unit is divided into a hundred smaller units, for example dollars and cents
doˌmestic ˈcurrency also ˌlocal ˈcurrency [countable, uncountable] FINANCE
the currency of the home country of a particular user:
• An importer might be able to make payment in his own domestic currency if this is acceptable to the exporter.
ˌfixed ˈcurrency [countable, uncountable] FINANCE
ˌfloating ˈcurrency [countable, uncountable] FINANCE
a currency whose value is allowed to change in relation to other currencies:
• The South Korean won had its first day as a fully floating currency yesterday, increasing in value against the US dollar.
ˌforeign ˈcurrency [countable, uncountable] FINANCE
a currency or currencies not belonging to your own country:
• Exports will bring in valuable foreign currency.
ˌhard ˈcurrency [countable, uncountable] FINANCE
a currency that keeps its value or whose value increases in relation to other currencies, and is used for international payments:
• Vietnam was obliged to pay in hard currency, rather than in roubles, for goods imported from Russia.
ˌnon-conˌvertible ˈcurrency also ˌinconvertible ˈcurrency [countable, uncountable] FINANCE
a currency that cannot be exchanged for other currencies:
• There is no guarantee that earnings in the local, non-convertible currency, the Dong, can be exchanged for hard currency.
ˌpaper ˈcurrency [countable, uncountable] FINANCE
a currency based on paper notes rather than on gold and silver coins:
• The creation of a paper currency was central to the financial revolution and the growth of commerce.
ˌpegged ˈcurrency [countable, uncountable] FINANCE
a currency that is controlled by the
central bank in a country so that it keeps the same value against other currencies
reˌserve ˈcurrency [countable, uncountable] FINANCE
a currency held by governments because of its strength and its usefulness in making international payments:
• The US dollar is the most commonly used reserve currency for international trade.
ˌsingle ˈcurrency [countable, uncountable] FINANCE
the
Euro, the common currency introduced in many European Union countries in 1999:
• Some countries in the EU, such as Britain, have still not joined the single currency.
ˌsoft ˈcurrency also ˌweak ˈcurrency
[countable, uncountable] FINANCE a currency that regularly loses value in relation to others:
• The euro may be seen as a soft currency due to its use by countries with histories of high budget deficits and inflation.
2. [uncountable] ECONOMICS in the US, banknotes and coins, especially when considered as part of the
money supply (= the amount of money in an economy at a particular time ) :
• The money supply, essentially the sum of all currency and bank deposits, barely grew in the fourth quarter.
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currency UK US /ˈkʌrənsi/ noun [C or U] (plural currencies) (ABBREVIATION cur)
► MONEY,
FINANCE domestic/foreign/local currency »
The deal will be done in the local currency.
stable/strong/weak currency »
They benefited from having a stable currency over a long period of time.
buy/sell currency »
Currency is bought on the currency foreign exchange, also known as the forex exchange.
devalue/revalue a currency »
The Central bank devalued the currency to curb rising inflation.
a currency rises/falls »
Stocks jumped and the currency rose for the first time in several weeks.
currency dealing/trade/trading »
This website will give you top tips on the foreign exchange markets from currency trading experts..
»
currency dealer/trader
→
See also BASKET OF CURRENCIES(
Cf. ↑
basket of currencies),
BLOCKED CURRENCY(
Cf. ↑
blocked currency),
CONVERTIBLE CURRENCY(
Cf. ↑
convertible currency),
DECIMAL CURRENCY(
Cf. ↑
decimal currency),
DIGITAL CURRENCY(
Cf. ↑
digital currency),
DUAL CURRENCY(
Cf. ↑
dual currency),
E-CURRENCY(
Cf. ↑
e-currency),
FIXED CURRENCY(
Cf. ↑
fixed currency),
FLOATING CURRENCY(
Cf. ↑
floating currency),
HARD CURRENCY(
Cf. ↑
hard currency),
INCONVERTIBLE CURRENCY(
Cf. ↑
inconvertible currency),
NON-CONVERTIBLE CURRENCY(
Cf. ↑
non-convertible currency),
PAPER CURRENCY(
Cf. ↑
paper currency),
PEGGED CURRENCY(
Cf. ↑
pegged currency),
RESERVE CURRENCY(
Cf. ↑
reserve currency),
SINGLE CURRENCY(
Cf. ↑
single currency),
SOFT CURRENCY(
Cf. ↑
soft currency),
UNIT OF CURRENCY(
Cf. ↑
unit of currency)