Xenocurrency
Definition of 'Xenocurrency'A currency that trades in markets outside of its domestic borders. The term "xenocurrency" is derived from the prefix "xeno," which literally means foreign or strange. |
|
Investopedia explains 'Xenocurrency'An example of a xenocurrency would be the euro traded in the United States, or the Japanese yen traded in Europe. The term "xenocurrency" is seldom used in markets, perhaps because of the somewhat negative connotation of the word "xeno." Xenophobia, for example, means an irrational fear or hatred of foreigners. "Foreign currency," therefore, is the preferred term when referring to a non-domestic currency. |
Related Definitions
Articles Of Interest
-
Commodity Prices And Currency Movements
Find out which currencies are most affected by fluctuations in gold and oil prices, and improve your trading. -
Getting Started In Forex
Before entering this market, you should define what you need from your broker and from your strategy. -
A Primer On The Forex Market
Moving from equities to currencies requires you to adjust how you interpret quotes, margin, spreads and rollovers. -
The Yen Is Setting Up To Be An Attractive Long-Term Investment
As Japan embarks on quantitative easing, the yen has come under pressure. Will it continue to be the source of big profits in the latter half of 2013? -
Forex Market Sentiment Indicators
Sentiment Indicators are another tool that can alert traders to extreme conditions. -
3 Costly Spelling Errors
History has proved that some spelling errors can cost companies and governments millions of dollars. -
The Most Counterfeit-Proof Currencies
The IACA awards provide some of the best insight into the currencies that are proving the most difficult to fake. -
An Introduction To Complementary Currencies
There are alternatives to national currencies. Discover complementary currencies and how they work. -
The Origins Of Common Currency Symbols
Check out some of the world's most heavily traded currencies and their origins. -
The Life Of A $20 Bill
Next time you pull a $20 out of your wallet, consider where it has been.
Free Annual Reports