Written By:
Paul Tracy
Updated October 17, 2020

What is Xenocurrency?

Xenocurrency is a currency that trades in foreign markets.

How Does Xenocurrency Work?

For example, Euros trade in American markets, making the Euro a xenocurrency.

Why Does Xenocurrency Matter?

Xenocurrency is basically foreign currency. The world is full of xenocurrencies thanks to a variety of robust capital markets.