currency

noun
cur·ren·cy | \ ˈkər-ən(t)-sē , ˈkə-rən(t)- \
plural currencies

Definition of currency 

1a : circulation as a medium of exchange

b : general use, acceptance, or prevalence a story gaining currency

c : the quality or state of being current : currentness needed to check the accuracy and currency of the information

2a : something (such as coins, treasury notes, and banknotes) that is in circulation as a medium of exchange

b : paper money in circulation

c : a common article for bartering Furs were once used as currency.

d : a medium of verbal or intellectual expression … neither side possessed any currency but clichés … —Jan Struther

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Synonyms for currency

Synonyms

bread [slang], bucks, cash, change, chips, coin, dough, gold, green, jack [slang], legal tender, lucre, money, pelf, tender, wampum

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Examples of currency in a Sentence

A new currency has been introduced in the foreign exchange market. They were paid in U.S. currency. Furs were once traded as currency. The word has not yet won widespread currency. I'm not sure about the accuracy and currency of their information.
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Recent Examples on the Web

The customers' accounts later were used to set up new Amazon accounts as well as accounts at Coinbase.com, a service that facilitates the purchase of virtual currencies like Bitcoin, according to KrebsOnSecurity report earlier this year. Susan Tompor, Detroit Free Press, "Amazon Prime Day: Gift cards, coupons and other scams to watch for," 14 July 2018 Computerised trading by thousands of participants means prices, especially of currencies, can move in a McFlurry. The Economist, "Investors are gorging on American assets," 12 July 2018 Cut export costs China has already cushioned the blow: Its currency, the yuan, has dropped more than 5 percent of its value compared to the dollar since mid-February. Joseph N. Distefano, Philly.com, "New Trump import fees: How will China fight back?," 11 July 2018 China's currency, the yuan, has dropped 3.5 percent against the dollar over the past month, giving Chinese companies a price edge over their U.S. competition. Author: Paul Wiseman, Josh Boakap, Anchorage Daily News, "US-China trade war elevates the risks to the global economy," 7 July 2018 The Chinese currency, the yuan, has dropped 3.5 percent against the U.S. dollar over the past month, giving Chinese companies a price edge over their U.S. competition. NBC News, "China says it must 'counterattack' after U.S. tariff hike officially takes effect," 6 July 2018 David Kennedy accepts this, and plays up the punchy parts without diminishing the complex explanations of selling short, exchanging currency, laundering money and maneuvering bull and bear markets. Christopher Arnott, courant.com, ""Invisible Hand" Has Fresh Urgency At TheaterWorks," 1 June 2018 In early 2016, Russian intelligence officers obtained a new pool of the virtual currency Bitcoin. New York Times, "How Russian Spies Hid Behind Bitcoin in Hacking Campaign," 13 July 2018 The worthlessness of Venezuela’s currency is the result of inflation, 46,000% a year, which in turn is largely caused by the printing of money to finance the government’s deficit of 30% of GDP. The Economist, "Venezuelan cash is almost worthless, but also scarce," 12 July 2018

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'currency.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of currency

1624, in the meaning defined at sense 1a

History and Etymology for currency

curr(ent) entry 1 + -ency

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Learn More about currency

Phrases Related to currency

hard currency

Statistics for currency

Last Updated

24 Aug 2018

Look-up Popularity

Time Traveler for currency

The first known use of currency was in 1624

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More Definitions for currency

currency

noun

Financial Definition of currency

What It Is

Currency is a medium of exchange for goods or services within an economy.

How It Works

Currency can be either fiat or tied to an underlying asset. Fiat money has no intrinsic value and is backed by the full faith and credit of the issuing government. That is, this type of currency is not worth very much in terms of its value as a raw material. Most paper money is fiat money, and its value comes from what it represents rather than what it is. Asset-backed currencies tied to gold, silver or other valuable commodities are rare in present day markets.

Why It Matters

Currency serves an important role in an economy, and has three universally accepted economic advantages: it acts as a medium of exchange, a store of value, and a standard of value. Meaning it allows buyers and sellers to quickly arrive at comparative prices instead ofThe definition of currency on InvestingAnswers haggling over how many of one good is worth compared to an unlimited number of others.

It is important to remember, though, that fiat money is only as good as the organization that issues it. If the entity defaults, the currency is worthless.

Source: Investing Answers

currency

noun

English Language Learners Definition of currency

: the money that a country uses : a specific kind of money

: something that is used as money

: the quality or state of being used or accepted by many people

currency

noun
cur·ren·cy | \ ˈkər-ən-sē \
plural currencies

Kids Definition of currency

1 : common use or acceptance The idea has wide currency.

2 : money in circulation We were paid in the country's currency.

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Comments on currency

What made you want to look up currency? Please tell us where you read or heard it (including the quote, if possible).

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