major currency
A currency that is sufficiently liquid to be readily convertible to the currency of other nations. Major currency is most often associated with politically stable, highly industrialized nations. The U.S. dollar, British pound, Euro, and Japanese Yen are major currencies. Also called hard currency.
Browse by Subjects
market power
real exchange rate
reciprocal of European terms
rate differential swap
pip
See All Related Terms »

recovery
spending money
Financial Accounting Standards Board
revaluation
ICANZ