This Site Requires Javascript
Burger Menu

Xenocurrency

Source: Investopedia
This Article has been Edited for Accessibility

Xenocurrency

What is 'Xenocurrency'

A currency that trades in markets outside of its domestic borders. The term "xenocurrency" is derived from the prefix "xeno," which literally means foreign or strange.

Explaining 'Xenocurrency'

An example of a xenocurrency would be the euro traded in the United States, or the Japanese yen traded in Europe. The term "xenocurrency" is seldom used in markets, perhaps because of the somewhat negative connotation of the word "xeno." Xenophobia, for example, means an irrational fear or hatred of foreigners. "Foreign currency," therefore, is the preferred term when referring to a non-domestic currency.


Additional Resources

  1. Rotman_origins [web.stanford.edu]
  2. Exciting The Industry Of Mankind : George Berkeley's Philosophy Of ... [searchworks.stanford.edu]
  3. Repressed Futures: Financial Derivatives' Theological Unconscious [socsci.uci.edu]
  4. The Journal Of Social Theory In Art Education [scholarscompass.vcu.edu]
  5. 246 [college.holycross.edu]
  6. Download (4mb) [aei.pitt.edu]