agio
/ˈædʒioʊ/
noun
- A fee or premium paid to exchange one currency for another, or to convert a less valuable currency into a more valuable one.
- Travelers often have to pay an agio when exchanging foreign currency at airports.
- The bank charged an agio of 2% for converting dollars to euros.
- The agio on the gold coins made them more expensive than their face value.
- The difference in value between two currencies or between a currency and its equivalent in another form (e.g., paper money vs. coins).
- The agio between the old and new banknotes was small but noticeable.
- In some countries, the agio on silver coins fluctuates with market prices.
- Investors watched the agio closely to find profitable exchange opportunities.
Antonyms