Hard Currency
Definition of 'Hard Currency'A currency, usually from a highly industrialized country, that is widely accepted around the world as a form of payment for goods and services. A hard currency is expected to remain relatively stable through a short period of time, and to be highly liquid in the forex market. |
|
Investopedia explains 'Hard Currency'Another criterion for a hard currency is that the currency must come from a politically and economically stable country. The U.S. dollar and the British pound are good examples of hard currencies. |
Related Definitions
Articles Of Interest
-
Dollarization Explained
Find out how fledgling economies can find some stability in their currency and attract foreign investment. -
The History Of Money: From Barter To Banknotes
Money has been a part of human history for at least 3,000 years. Learn how it evolved. -
What Is Money?
It's a part of everyone's life, and we all want it, but do you know how it gains value and how it is created? -
Travel Smart By Planning How You'll Pay
With a little pre-trip planning, you can avoid being stranded without adequate funds. -
The Future Of Cryptocurrency
The emergence of Bitcoin has sparked a debate about its future and that of other cryptocurrencies. Despite Bitcoin’s recent issues, its success since its 2009 launch has inspired the creation ... -
How Leverage Is Used In Forex Trading
Forex trading by retail investors has grown by leaps and bounds in recent years, thanks to the proliferation of online trading platforms and the availability of cheap credit. The use of leverage ... -
Washing Trades In A Canadian Registered Account
For Canadian RRSP accounts, washing same-day trades and using money market funds to bridge the gap over a multi-day trading period saves investors the exchange fee and will help their bottom ... -
The Effects Of Currency Fluctuations On The Economy
Currency fluctuations are a natural outcome of the floating exchange rate system that is the norm for most major economies. The exchange rate of one currency versus the other is influenced by ... -
The Basics of Forex Leveraging
A closer look at the controversial topic of leverage in forex trading. -
What Causes A Currency Crisis?
Find out what can cause a currency to collapse, and what central banks can do to help.
Free Annual Reports