Xenocurrency


Xenocurrency
A currency that trades in markets outside of its domestic borders. "Xeno" is a prefix meaning foreign or strange.

An example of a xenocurrency is the Chinese yuan when it is traded in the United States. When currency is deposited by national governments or corporations in banks outside their home market, it is sometimes referred to as a "eurocurrency" (this applies to any currency and to banks in any country).


Investment dictionary. . 2012.

Look at other dictionaries:

  • xenocurrency — /zen euh kerr euhn see, kur /, n. currency circulating or traded in money markets of countries outside its country of issue. [1975 80; XENO + CURRENCY] * * * …   Universalium

  • xenocurrency — /zen euh kerr euhn see, kur /, n. currency circulating or traded in money markets of countries outside its country of issue. [1975 80; XENO + CURRENCY] …   Useful english dictionary

  • money — I (New American Roget s College Thesaurus) Medium of exchange Nouns 1. money, finance, funds, treasure, capital, assets; ways and means, wherewithal; money matters, economics, the dismal science; resources, backing (see means); purse strings.… …   English dictionary for students


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