A currency that can be readily bought or sold without government restrictions, in order to purchase another currency. A convertible currency is a liquid instrument when compared to currencies tightly controlled by a central bank or other regulating authority.
Developing countries or those with more authoritative governments are more likely to place restrictions on the exchange of currencies. Currencies from these countries are typically less stable, and may come from economies with high inflation rates, and are more illiquid.
Investment dictionary. Academic. 2012.
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convertible currency — ➔ currency * * * convertible currency UK US noun [C or U] (plural convertible currencies) ► ECONOMICS, FINANCE a currency that can easily be exchanged for the currency of another country: »The payments may be made in any convertible currency … Financial and business terms
convertible currency — currency which can be exchanged for currency of other countries … English contemporary dictionary
convertible currency — /kənˌvɜ:təb(ə)l kʌrənsi/ noun a currency which can easily be exchanged for another … Marketing dictionary in english
convertible currency — /kənˌvɜ:təb(ə)l kʌrənsi/ noun a currency which can easily be exchanged for another … Dictionary of banking and finance
non-convertible currency — ➔ currency * * * non convertible currency UK US noun [C or U] (also inconvertible currency) ► ECONOMICS, MONEY currency that cannot be changed into gold or into the currencies of other countries: »With a non convertible currency, a rudimentary… … Financial and business terms
Currency — Money. The New York Times Financial Glossary * * * currency cur‧ren‧cy [ˈkʌrənsi ǁ ˈkɜːr ] written abbreviation cur noun currencies PLURALFORM FINANCE 1. [counta … Financial and business terms
currency — money. Bloomberg Financial Dictionary The currency that the security is traded in. London Stock Exchange Glossary * * * currency cur‧ren‧cy [ˈkʌrənsi ǁ ˈkɜːr ] written abbreviation cur noun currencies PLURALFORM … Financial and business terms
Currency — For other uses, see Currency (disambiguation). Coins and banknotes are the two most common forms of currency. Pictured are several denominations of the euro … Wikipedia
convertible — [[t]kənvɜ͟ː(r)tɪb(ə)l[/t]] convertibles 1) N COUNT A convertible is a car with a soft roof that can be folded down or removed. Her own car is a convertible Golf. Syn: soft top 2) ADJ In finance, convertible investments or money can be easily… … English dictionary
convertible — con|ver|ti|ble1 [kənˈvə:tıbəl US ə:r ] adj 1.) an object that is convertible can be folded or arranged in a different way so that it can be used as something else ▪ a convertible sofa 2.) technical able to be exchanged for the money of another… … Dictionary of contemporary English