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Glite Dictionary
convertibility

convertibility

2 6.7
Ability to change a thing you own, for example a currency, into another form
  • noun
  • /kənˈvɜːrtəˌbɪlɪti/
  • Specialized
translation icon : convertibilidad
  • The convertibility of foreign currencies can impact international trade and investment decisions.
  • currency convertibility
  • capital account convertibility
  • exchange-rate convertibility

Let us cut convertibility between the ruble and the pound and the ruble and the dollar.

Examples

  • The convertibility of the currency allows travelers to exchange their money easily when abroad.

  • Many investors value the convertibility of their assets into cash at any time.

  • From all appearances, the Convertibility Plan was still on track.

    Academic text (2001)

  • The landscape began to change when the U.S. went off gold convertibility in 1971.

    Blog text (12)

  • Thus, the ultimate value of these items was in their convertibility into livestock, whether locally or in the regional economy.

    Academic text (1998)

  • Starting with the onset of the Convertibility Plan, government deposit insurance was gradually eliminated.

    Academic text (1998)

  • The GPC adopted a resolution in 1994 and listed the conditions necessary to achieve convertibility.

    Academic text (1996)

  • In anticipation of those requests, the Nixon measures of 15 August 1971 suspended gold convertibility of the dollar, formally ending the regime.

    Academic text (2003)

  • Japan resumed convertibility (the Japanese yen assumed a specified value in relation to other currencies).

    Academic text (1992)

  • The centerpiece of Argentina's "success story" was Finance Minister Domingo Cavallo's controversial convertibility program, instituted in 1991 to calm hyperinflation.

    Academic text (2004)

Synonyms

exchangeability
vsconvertibility
1 7.5

Can be replaced by something with the same value or use

is about changing form or freely exchanging currencies and other monies
interchangeability
vsconvertibility
1 7.4

The ability of one thing to be replaced by another without losing use or value

covers change into different forms or financial exchange not only perfect substitution
commutability
vsconvertibility
9.4

A quality that lets one thing be replaced by another

focuses more on change of form or currency exchange rather than simple swaps
transmutability
vsconvertibility
9.9

The ability of something to change into a different form

emphasizes being exchanged and currency conversion rather than physical transformation

Antonyms

inconvertibility
  • Specialized
9.9

A situation where you cannot exchange something for another thing, especially money

How Convertible

convertibility
  • Specialized
2 6.7
inconvertibility
  • Specialized
9.9

Surface Forms

convertibility singular
convertibilities plural

Morphology

convertibility = convertible (transparent) = convert + ible + ity

Formed by regular suffixation: 'convert' -> 'convertible' (able to be converted) -> 'convertibility' (the quality of being convertible).

Etymology

The word convertibility comes from convert and the ending -ibility, and convert comes from a root meaning 'to turn'. So convertibility is the quality of being able to be 'turned into' another form, for example money that can be exchanged for gold or another currency.