1. a premium or percentage charged for exchanging one currency for another or for exchanging paper money for coin
Usage: finance; commerce
2. a percentage charged by a banker or money changer for the exchange or transfer of funds
Usage: finance; banking

Examples

• The bank charged an agio of 2% when converting dollars to euros.
• Travelers often pay an agio when exchanging foreign currency at the airport.
• During times of economic uncertainty, the agio on precious metals increases.
• The money changer calculated the agio before completing the transaction.
• Historical records show that agios on currency exchange varied significantly across different regions.