Did you know?

Click any word in a definition or example to find the entry for that word

Currency and currencies

base currency

noun

a currency that a business uses in its accounts and for buying and selling

basket

noun

a group of currencies (=different types of money used in different countries) used for comparing the value of another currency

Bitcoin

noun

a virtual currency created for use in online transactions

bureau de change

noun

a place where you can buy or sell foreign money

change

verb

to exchange money from one country for money with the same value from another country

common currency

noun

a money system used in more than one state or country

convertible

adjective

a convertible currency is the money from one country that can be exchanged for the money of another country

currency

noun

the system of money used in a particular country

currency

noun

money that is used in a particular country

decimalise

a British spelling of decimalize

decimalize

verb

to change a system of money or measurements to one based on the number ten

denominate

verb

to say what units of money are used

devaluation

noun

an official reduction in the value of a country’s money

devalue

verb

to officially reduce the value of a country’s money

the dollar

noun

used for talking about the value of US money, especially in comparison with that of other countries

exchange

noun

the act of changing the money of one country to the money of another country

exchange

verb

to change money from the money of one country to the money of another country

exchange rate

noun

the value of the money of one country when you change it into the money of another country

float

verb

if a government floats its currency, its value is allowed to change in relation to other currencies

foreign exchange

noun

a system or institution for changing the money of one country for the money of another country

foreign exchange

noun

the money that a country obtains through this system

forex

noun

foreign exchange

futures

noun

contracts to buy or sell shares, goods, or currency at an agreed price to be delivered at a time in the future

FX

abbreviation

foreign exchange

GBP

abbreviation

pounds sterling

hard currency

noun

money from a country with a strong economy that can be used for buying things in other countries

high

adjective

used for describing a country’s money when it is more valuable than the money of other countries

legal tender

noun

the money that is officially used in a country

monetary

adjective

relating to a country’s money and to the systems that a country uses for controlling its money supply

Monopoly money

noun

money that is treated as if it has little or no value

purchasing power

noun

the value of a particular unit of money, measured by how much it can buy

rate of exchange

noun

the exchange rate

repatriate

verb

to send money that you earn in a foreign country back to your own country

reserve currency

noun

a currency that is considered strong and reliable and is used a lot in international trade. National banks keep large stores of reserve currencies, which include the US dollar, the British pound, and the Japanese yen.

revalue

verb

to increase the official value of a country’s money

single currency

noun

a system of money shared by several countries

strength

noun

the value of one country’s money compared to the money of other countries

strengthen

verb

to increase the value of the money of a country

USD

abbreviation

US dollars

weak

adjective

a weak economy or currency is one that does not have as much value as a strong one

decimalization

noun

revaluation

noun

a run on something

a situation in which a lot of people sell a particular currency (=dollars, pounds, yen etc) with the result that its value falls

sandwich generation

a generation … who are balancing working life with caring for both their teenage children and elderly parents

BuzzWord Article

Open Dictionary

dish

to gossip or share personal information with someone …

add a word

Blog

A must for anyone with an interest in the changing face of language. The Macmillan Dictionary blog explores English as it is spoken around the world today.

global English and language change from our blog