Convertibility
/kənˌvɜːrtəˈbɪləti/
Definition 1 of 2
Pro Tip 1/3Economic Health
Convertibility reflects a country's economic health, indicating trust in its currency.
Despite economic turmoil, the convertibility of our currency remains stable.
Pro Tip 2/3Travel Utility
When traveling, knowing a currency's convertibility can ease financial transactions abroad.
Before my trip, I checked the convertibility of my currency in the destination country.
Pro Tip 3/3Restricted Usage
Some contexts imply limitations on convertibility, such as government or market restrictions.
The government imposed restrictions on the currency's convertibility to control inflation.
Compare with
AdaptabilityFlexibilityInterchangeabilityMalleabilityVersatile
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