currency

noun
cur·​ren·​cy | \ ˈkər-ən(t)-sē How to pronounce currency (audio) , 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, cabbage [slang], cash, change, chips, coin, dough, gold, green, jack [slang], kale [slang], legal tender, lolly [British], long green [slang], loot, lucre, money, moola (or moolah) [slang], needful, pelf, scratch [slang], shekels (also sheqels), 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

Officers arrested all four after curbing a 2004 Pontiac Grand Prix parked in a currency exchange parking lot in the East Garfield Park neighborhood Friday afternoon, according to arrest records. William Lee, chicagotribune.com, "Prosecutors tie 4 to armed robbery spree on Near West, West sides," 9 June 2019 Including Snyder’s-Lance Inc. — one of the country’s largest salty-snack makers that Campbell acquired in March 2018 — and the impact of changes in the value of currencies, sales climbed 12 percent to $2.39 billion. Harold Brubaker, https://www.inquirer.com, "Shares spike, but Campbell Soup’s earnings offer little to cheer about," 5 June 2019 The Federal Reserve’s recent gradual tightening of US interest rates has helped boost the value of American currency, but many observers are expecting a cut this June. Tim Fernholz, Quartz, "Tariffs are weighing down Jack Daniel’s," 5 June 2019 The reserves are also needed for currency protection, should Beijing make any meaningful attempts at it. Therese Shaheen, National Review, "China’s ‘New Long March’," 5 June 2019 Stop in at participating locations from 2 to 5 p.m. and plunk down any one piece of foreign currency in exchange for a new global menu item, according to a news release. Doreen Christensen, sun-sentinel.com, "McDonald’s will accept foreign currency for a new Worldwide Favorites Menu item on Thursday," 4 June 2019 Boshoff sees crypto-currencies as being fuelled by speculation. Neil Shaw, Fox News, "South African white enclave tests e-currency to stand apart," 16 July 2018 For foreign firms, the hard-currency drought makes collecting payments difficult and repatriating profits almost impossible. The Economist, "Turkmenistan finds a novel solution to mass emigration," 5 July 2018 The proposal—on which the Commerce Department is now seeking public comment—would treat an undervalued currency as a subsidy that allows foreign businesses to export their goods more cheaply. Josh Zumbrun, WSJ, "U.S. Weighs Letting Companies Seek New Penalties Over Currency Manipulation," 24 May 2019

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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Statistics for currency

Last Updated

15 Jun 2019

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 How to pronounce currency (audio) \
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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