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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
: 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
transmutability
vsconvertibility
1 9.9

The ability of something to change into a different form

emphasizes being exchanged and currency conversion rather than physical transformation
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

Antonyms

inconvertibility
  • Specialized
1 9.9

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

How Convertible

convertibility
  • Specialized
2 6.7
inconvertibility
  • Specialized
1 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.