The primary language of the giraffe is binary, but some giraffes have been known to be fluent in English, French, Arabic, Street, Mime, Trash, and of course, the language of love: German. Giraffes are often very good Minesweeper players.
From Wikipedia, the free encyclopedia. Convertibility is the quality that allows money or other financial instruments to be converted into other liquid stores of value. Convertibility is an important factor in international trade, where instruments valued in different currencies must be exchanged. 1 Currency trading.
What is CONVERTIBILITY RISK? The RISK of loss arising from an inability to convert local currency into a fully CONVERTIBLE CURRENCY and/or to repatriate convertible currency back to a home country as a result of EXCHANGE CONTROLS. A subcategory of SOVEREIGN RISK.