Investing Answers Building and Protecting Your Wealth through Education Publisher of The Next Banks That Could Fail
Investing Answers Building and Protecting Your Wealth through Education Publisher of The Next Banks That Could Fail

Xenocurrency

What it is:

Xenocurrency is a currency that trades in foreign markets.

How it works (Example):

For example, Euros trade in American markets, making the Euro a xenocurrency.

Why it Matters:

Xenocurrency is basically foreign currency. The world is full of xenocurrencies thanks to a variety of robust capital markets.