convertible currency investment & finance definition
A currency that can be exchanged for another currency. Some governments may place limits on the convertibility of their currencies.
Inconvertible Currency
Currency which cannot be exchanged for other currencies either because it is forbidden by the foreign exchange regulations or the currency witnesses extreme volatility that it is not percieved to be a safe haven for parking ...
Convertible currency - A currency that can be freely exchanged for another currency (and or gold) without special authorization from the central bank.
Copey - Slang for the Danish krone.
Convertible Currency - national currency which can be freely exchanged (converted) into another currency without special approval from the Central Bank.
Counter Currency - quoted currency which appears second in the currency quote record.
Convertible Currency - A currency which can be exchanged freely for other currencies at market rates, or gold.
Convertible Currency - Currencies that can be exchanged for other currencies or gold.
Nonconvertible Currency
Any currency that is used primarily for domestic transactions and is not openly traded on a forex market. This usually is a result of government restrictions, which prevent it from being exchanged for foreign currencies.
Non-Convertible Currency
A currency that is not traded in the open market and is used for domestic purposes only.
Nondeliverable Forward A cash-settled, forward contract, typically on a nonconvertible or thinly traded foreign currency (probably from an emerging or submerging (q.v.) market) or two such currencies, that settles into a convertible currency ...
Inconvertible Currency : Currency which cannot be exchanged for other cur...
Indicative Quote : A market-maker´s price which is not firm.
Industrial Production : An economic indicator that consists of the total ...
There is no solvency issue with a sovereign monopoly issuer of a free-floating non-convertible currency.
Hard currency
A freely convertible currency that is not expected to depreciate in value in the foreseeable future.
Tax havens usually have currency easily convertible or linked to an easily convertible currency. Most are convertible to US dollars, euros or to pounds sterling.
Methodology ...
It is negotiable instrument which is denominated in some freely convertible currency. it is a negotiable certificate denominated in us dollars which reparesents a NON-US Companys publicly traded local equity.
convertible currency A type of currency that can be quickly and easily bought and sold for other currencies. convertible debenture A type of debenture that can be converted into stock at the option of the holder...
 See also: Currency, Convertible, Exchange, Market, Rate
  
|
RSS
