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  2. Share Prices
  3. Finance Glossary
  4. Terms Beginning With C
  5. Convertible Currency

Convertible Currency

Definition of 'Convertible Currency'

Currency which can be freely exchanged for other currencies, or gold without special authorisation from the central bank responsible for the currency. i.e. Sterling = Bank of England.

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Related Terms

Conversion RatioEquity-Linked BondsPreferred StockBase CurrencyQuoted CurrencyAcid RatioAcid Test RatioConversion PremiumConversion PriceConversion ValueConvertible BondConvertible BondsConvertible Loan StockForeign Exchange ReservesQuick Asset RatioBack to Back LoansBasket CurrencyCurrency AppreciationCurrency HedgingCurrency Option

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