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Glite Dictionary
agio

agio

9.9
An extra fee you pay when you change money from one currency to another
  • noun
  • /ˈeɪdʒioʊ/
  • Specialized
translation icon : agio
  • Due to fluctuating rates, the agio can vary from one exchange office to another.

Examples

  • The agio on this transaction made the total cost higher than expected.

  • The bank charges a high agio for currency exchange.

  • Banks may charge an agio when you exchange dollars for euros.

  • Many travelers are unaware of the agio involved in exchanging money.

  • The bank charged an agio of 2% for converting US dollars to euros.

  • When traveling abroad, be aware of the agio that may apply to currency exchange services.

  • She noticed the agio varied significantly between different currency exchange booths.

Synonyms

premium
vsagio
58 5.4

An extra amount paid when goods are scarce or in high demand

is specific to currency exchange fees rather than any general extra charge
exchange premium
vsagio
  • Specialized
7.4

Extra money you pay to change one currency into another

is a fee for currency exchange rather than only the excess above a rate

Antonyms

discount
260 1.0

A lower price offered for something, often shown as a percent

How High

premium
58 5.4
surcharge
31 5.5
agio
  • Specialized
9.9
fee
729 1.0
small fee
9 1.0

Surface Forms

agio singular
agios plural

Etymology

Agio comes from the Italian word aggio, which meant a small 'charge' or 'advantage' when money was changed, so think of it as the extra cost that appears between different kinds of money. That's why an agio today is the fee or percentage added when you exchange one currency for another.