Hard Currency
A currency, usually from a highly industrialized country, that is widely accepted around the world as a form of payment for goods and services. A hard currency is expected to remain relatively stable through a short period of time, and to be highly liquid in the forex market. Investopedia Says:
Another criterion for hard currencies is that the currency come from a politically and economically stable country. The U.S. dollar and the British pound are good examples of hard currencies. Related Terms:
Currency
Forex - FX
Hard Loan
Hard Money
Soft Currency
Soft Money |