Agio
a premium on money in exchange.
an allowance for the difference in value of two currencies.
an allowance given or taken on bills of exchange from other countries, as to balance exchange expenses.
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Historical Examples
They more nearly do so in India, and the possibility of agio is, doubtless, greater there.
The Value of Money Benjamin M. Anderson, Jr.
Now there’s an agio on gold, you pay five kreutzers for every Louis.
The Daltons, Volume II (of II) Charles James Lever
It is not the legal peculiarity of money, as legal tender, which is necessarily responsible for this agio when it appears.
The Value of Money Benjamin M. Anderson, Jr.
In so far as substitution is possible, there is no room for an agio.
The Value of Money Benjamin M. Anderson, Jr.
Coined metal thus rarely gets, save to a limited extent or temporarily, an agio over uncoined bullion.
The Value of Money Benjamin M. Anderson, Jr.
If the agio of the bank, however, should at any time fall to three per cent.
An Inquiry into the Nature and Causes of the Wealth of Nations Adam Smith
On the other hand, the legal requirements for reserves in specified types of money might, in time, lead to some agio.
The Value of Money Benjamin M. Anderson, Jr.
The question of the agio of the Hamburg banco system belongs rather to the history of banking.
The History of Currency, 1252 to 1896 William Arthur Shaw
But an agio on coined over uncoined metal is quite possible, and has frequently occurred.
The Value of Money Benjamin M. Anderson, Jr.
Behold thus this agio establishment, and the money of the bank, worth five per cent more than the current money.
The Diplomatic Correspondence of the American Revolution (Volume VI) Various
noun (pl) -ios
the difference between the nominal and actual values of a currency
the charge payable for conversion of the less valuable currency
a percentage payable for the exchange of one currency into another
an allowance granted to compensate for differences in currency values, as on foreign bills of exchange
an informal word for agiotage
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