A fee charged for exchanging currencies
The premium or percentage on a better sort of money when it is given in exchange for an inferior sort. The premium or discount on foreign bills of exchange is sometimes called agio.
Noun
a fee charged for exchanging currencies
n.
The premium or percentage on a better sort of money when it
is given in exchange for an inferior sort. The premium or discount on
foreign bills of exchange is sometimes called agio.
Agio
The premium or percentage on a better sort of money when it is given in exchange for an inferior sort. The premium or discount on foreign bills of exchange is sometimes called agio.
Usage Examples
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