Question Details

	Username: Peter Rating: Asked to: Jacob Rogers Date Created: 23 May 2018
Category	28
Tag	Financial
Question	What is 'Xenocurrency'?

Advice from Guru

Hello Peter,

Xenocurrency is a currency that circulates or trades in markets outside of its domestic borders. The term xenocurrency is derived from the Greek prefix "xeno," which literally means foreign or strange. The term is rarely used in markets anymore, 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, has become the preferred term when referring to a non-domestic currency.

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