Forex dictionary

Convertible Currency

Any currency can be exchanged for another without special permission. Almost all of the world's major currencies are fully convertible, with the notable exception of the Chinese yuan.


Back to Forex Dictionary
Ready to Trade!
First you'll need an online broker. See how much you can save by visiting Forexbite Broker Center.
Advertisement

Forex Educational Articles & News

Featured
Top 5 factors that affect exchange rates ...

There are many factors that affect exchange rates of currencies. However some are more important in currency trading than others. These are; Interest and Inflation rates, Trade balance, Currency market speculation, Foreign investment and Central bank market intervention. Learn how to use these factors in your forex tra ...

Forex Navigation