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

Ironically, the continuing slide of sterling relative to other currencies could possibly have helped things—thanks to a declining exchange rate, the project only needed $31 million this week instead of $33 million back in October. Jonathan M. Gitlin, Ars Technica, "Bad news for the 1,000mph car as Bloodhound SSC is shut down," 11 Dec. 2018 The first tranche on August 7 targeted Iran’s ability to purchase or acquire US dollar banknotes, trade in gold and precious metals, and make transactions related to the Iranian rial, the country’s currency. Alex Ward, Vox, "The US will impose new sanctions on Iran next week," 2 Nov. 2018 And now with his new wife on his arm, Harry’s currency just hit the jackpot. Juliet Rieden, Town & Country, "Why Prince Harry and Meghan Markle’s Tour of Australia Is Crucial to the Future of the Monarchy," 1 Nov. 2018 The indictment alleges that Park took part in these attacks, as well as attacks on US defense contractors, university faculty, technology companies, virtual currency exchanges, and US electric utilities. Sean Gallagher, Ars Technica, "US indicts North Korean agent for WannaCry, Sony attacks [Updated]," 6 Sep. 2018 On Wednesday, President Trump signed an executive order forming a Task Force on Market Integrity and Consumer Fraud—which focuses on digital currency fraud and money laundering—to coordinate investigations across federal agencies. Gregory Barber, WIRED, "Someone Found a Use for Bitcoin. Russian Hackers!," 13 July 2018 Mr Tronvoll also cites trade and tariff regimes, currency conversion, as well as mutual security guarantees, as potential roadblocks. The Economist, "Ethiopia and Eritrea put an end to two decades of conflict," 10 July 2018 Colombia, Medellin in particular, is rapidly becoming a hub because of a favorable currency exchange, affordable health care, springlike weather and a time zone that makes working with American clients easier than in some other parts of the world. Mike Plunkett, chicagotribune.com, "For digital nomads, work is where the laptop is," 9 July 2018 It was originally developed as an accounting method for the virtual currency bitcoin. Kathleen Megan, courant.com, "UConn Trustees Approve Sale Of West Hartford Campus to Financial Tech Company," 6 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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Statistics for currency

Last Updated

20 Apr 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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