Freely Convertible Currency
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A currency that can be readily bought or sold without government restrictions, in order to purchase another currency. A convertible currency is a liquid instrument when compared to currencies tightly controlled by a central bank or other regulating authority.

Developing countries or those with more authoritative governments are more likely to place restrictions on the exchange of currencies. Currencies from these countries are typically less stable, and may come from economies with high inflation rates, and are more illiquid.

List of freely convertible currencies


Country/entity Symbol Currency Exchange Rate per USD
Australia AUD Australian dollar
Canada CAD Canadian dollar
Denmark DKK Danish krone
Eurozone EUR Euro
Hong Kong HKD Hong Kong dollar
Israel ILS Israeli new shekel
Japan JPY Japanese yen
Mexico MXN Mexican peso
New Zealand NZD New Zealand dollar
Norway NOK Norwegian krone
Singapore SGD Singapore dollar
South Africa ZAR South African rand
South Korea KRW South Korean won
Sweden SEK Swedish krona
Switzerland CHF Swiss franc
United Kingdom GBP Pound sterling
United States USD United States dollar

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