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Hard Currency |
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Hard currency A freely convertible currency that is not expected to depreciate in value in the foreseeable future. Hard Currency A currency that is issued by a politically and economically stable country and is therefore well-respected in FX trade. Large, international transactions are often settled in one hard currency or other. The market to buy and sell hard currencies is especially liquid, even by the standards of foreign exchange trading. The price of a hard currency often remains stable in the short-term. Examples of hard currencies include the U.S. dollar, the British pound, the euro, and the Japanese yen. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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