CURRENCY CONVERTER A currency converter is a tool that allows to convert the value of one currency into another, based on the current exchange rate. Definitions Money – any circulating medium of exchange, including coins, paper money, and demand deposits.Currency – something that is used as a medium of exchange; money.Bank – financial institutionCash – money or an equivalent, as a check, paid at the time of making a purchase.Stock – the outstanding capital of a company or corporation.Trade – the act of buying, selling, or exchanging stocks, bonds, or currency.Money Market – the short-term trade in money, as in the sale and purchase of bonds and certificates.