Words / A / Business

agio

noun/ˈædʒiəʊ/

C2CEFR level
95/100Rarity: very rare
TechnicalRegister

The premium or percentage charged on the exchange of one currency or security for another.

Travellers grumbled at the hefty agio the bureau added to every conversion.

Similar: premium

Topic: Finance in Business English

Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.

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More business words: Finance