Meaning & use
agio
Last updated
a premium or fee paid for exchanging one currency or form of money for another, or for converting paper money into coin.
See it in a sentence
The trader had to pay an agio when converting the foreign banknotes into local currency.
Banks in the region once charged a small agio for exchanging worn coins for new ones.
A note on using this word
The word comes from Italian 'aggio' and is now mostly used in historical or specialized financial contexts.
Words with a similar meaning
premiumsurcharge
Choose a synonym to suit the sentence. Meanings can overlap without being identical.
Words with an opposite meaning
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