currency

  

Definition

Tokens used as money in a country. In addition to the metal coins and paper bank notes, modern currency also includes checks drawn on bank accounts, money orders, travelers checks, and will soon include electronic money or digital cash.

Use currency in a sentence

  • Ken tried to make some extra money in the foreign exchange markets, but he lost lhis investment because he didn't know anything about currency.

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  • If you are planning a trip overseas, determine ahead of time if you will need to convert your money to the other country's currency.

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  • After arriving in the foreign country, the tourist visited a bank to exchange his money because he couldn't buy, see or do anything without the local currency.

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Notable Quotes

  • How a Weak US Dollar Can be Good
    "When the U.S. dollar is weak, this pads profits for U.S.-based companies with big operations overseas, such as Coca-Cola or McDonald's. A Big Mac in France always is charged in euros, so revenue doesn't change based on currency fluctuations. But when McDonald's reports earnings in dollars, a euro translates into more, providing a boost to overall revenue and profits. For non-U.S. companies with operations in the States, the earnings impact is reversed. Say Sony sells a $1,000 Trinitron TV in the U.S. When the company converts the transaction from dollars into yen, it comes to about ?105,000. That's less than it would've been two years ago. Back then, the same $1,000 TV amounted to sold for roughly ?125,000. (from November 2004)"
    - Wall Street Journal
  • How a Weak US Dollar Can be Good
    "When the U.S. dollar is weak, this makes international companies' goods suddenly seem more expensive to Americans, who account for more than 30% of global consumption. If U.S. buyers snap up fewer imports, those overseas countries' economies end up taking the hit. (quoted from November 2004)"
    - Wall Street Journal

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