Currency is the general term for all the different kinds of money around the world.

Many countries use different currencies. Money in other countries often looks different, and is sometimes called different names. If you are travelling abroad, knowing that a certain country's money is worth more or less than other country's currencies is important.

The value of currency is determined by how much 'trust' people have in the ability of that currency to buy something, and how much demand there is in the world for that country's currency.

Government officials can do certain things to increase the trust and the demand that people throughout the world have for their country's currency. However, this topic is beyond the scope of this course.

'Exchange rates' are used to convert between currencies.