hard currencies
Reliable foreign exchange
Hard currencies are national currencies considered stable, widely accepted, and unlikely to depreciate significantly—typically from economically strong nations with low inflation: the U.S. dollar, euro, British pound, Japanese yen.
Countries facing economic instability often prefer hard currency for international trade: The contract specified payment in hard currency.
Contrasts with soft currencies, which fluctuate unpredictably.
- dollarsUS monetary units
- moneyCurrency for transactions
- poundsMass measurement units
- liquidityConvertibility to cash
- central bankNational currency management institution
appreciation · bank · convertibility · reserves · stability · cash · legal tender · gold standard · sound money · store of value · fungibility · investment · global trade · exchange rate · trustworthiness · forex · finances · international trade