#Hard currency

in #introduce • 8 years ago (edited)

Hard currency is a currency widely accepted around the world as a form of payment for goods and services, is expected to remain relatively stable through a short period of time, and to be highly liquid in the forex, or foreign exchange , market. A hard currency generally comes from a nation with a strong economic and political situation.
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One measure of a hard currency is liquidity in the FX market. The eight most tradable currencies in the world are the U.S. dollar (USD), European euro (EUR), Japanese yen (JPY), British pound (GBP), Swiss franc (CHF), Canadian dollar (CAD), Australian/New Zealand dollar (AUD/NZD) and South African rand (ZAR). The U.S. dollar enjoys status as the world's foreign reserve currency
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8 years ago in #introduce by
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