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Trading Glossary

Xenocurrency

Xenocurrency is a currency that trades in foreign markets, like the U.S. dollar in Mexico or Euros trade in the US, making the Euro a xenocurrency.Xenocurrency refers to that specific kind of currency that is traded in markets that are outside of the domestic borders where it is intended.A currency that trades in markets outside of its domestic borders. “Xeno” is a prefix meaning strange or foreign.