Currency

AAA

DEFINITION of 'Currency'

A generally accepted form of money, including coins and paper notes, which is issued by a government and circulated within an economy. Used as a medium of exchange for goods and services, currency is the basis for trade.

INVESTOPEDIA EXPLAINS 'Currency'

Generally speaking, each country has its own currency. For example, Switzerland's official currency is the Swiss franc, and Japan's official currency is the yen. An exception would be the euro, which is used as the currency for several European countries.

Investors often trade currency on the foreign exchange market, which is one of the most heavily traded markets in the world.

RELATED TERMS
  1. Bhutan Ngultrum (BTN)

    The currency of Bhutan. The Bhutan Ngultrum, abbreviated as BTN ...
  2. Saber Currency

    A proposed Brazilian currency that would be handed out by the ...
  3. Totnes Pound

    An alternative currency of Totnes, in Devon, United Kingdom. ...
  4. Time-Based Currency

    A currency whose value is based on one man-hour of labor. A time-based ...
  5. Functional Currency

    The primary type of money that a company uses in its business ...
  6. Currency Symbol

    A graphical symbol used as a substitute for the actual name of ...
Related Articles
  1. The 0 and 00 on the roulette wheel were introduced to break the martingale's mechanics by giving the game more than two possible outcomes.
    Forex Education

    Forex Trading The Martingale Way

  2. thinkstock|istock
    Options & Futures

    A Primer On The Forex Market

  3. Investing

    A Holistic Approach To Trading Gold

  4. Forex Education

    Currency Exchange: Floating Rate Vs. ...

Hot Definitions
  1. Capitulation

    When investors give up any previous gains in stock price by selling equities in an effort to get out of the market and into ...
  2. Turkey

    Slang for an investment that yields disappointing results or turns out worse than expected. Failed business deals, securities ...
  3. Conduit Issuer

    An organization, usually a government agency, that issues municipal securities to raise capital for revenue-generating projects ...
  4. Financing Entity

    The party in a financing arrangement that provides money, property, or another asset to an intermediate entity or financed ...
  5. Hyperinflation

    Extremely rapid or out of control inflation. There is no precise numerical definition to hyperinflation. Hyperinflation is ...
  6. Gross Rate Of Return

    The total rate of return on an investment before the deduction of any fees or expenses. The gross rate of return is quoted ...
Trading Center