Agio (Noun)
Meaning
A fee charged for exchanging currencies.
Classification
Nouns denoting possession and transfer of possession.
Examples
- The bank charged an agio of 2% on top of the wholesale exchange rate for the foreign currency transfer.
- Travellers should be aware that airports often charge high agios for exchanging money.
- When exchanging currency online, be sure to check if there is an agio added to the base exchange rate.
- The agio fee was hidden in the fine print of the travel agency's contract.
- Some credit cards have zero agio on foreign transactions, making them ideal for international travel.