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Username: LuckyWoman

Rating:
Guru Stars

Asked to: Heng Kim

Date Created: 19 May 2016
Category 17
Tag Trading
Question Xenocurrency: everything we need to know.
Advice from Guru
Hi LuckyMan,

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.

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.

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