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currencyThe last 24 months have seen a dramatic reverse in the long-held strength and stability of the US dollar which was for many years the world's dominant currency. Now central banks around the world are beginning to unload the large sums they hold in US currency and this has meant that many currencies are changing, some by large degrees, in relationship to one another. The US dollar is now at a 20-year low against the UK pound and at a record low against the euro. Currency is now a big topic of conversation almost everywhere!

The following dialogues illustrate how common words and phrases related to currency exchange and trading are used in context. If you single-click the words and phrases highlighted, a pop-up box will give you the meanings and give further examples of usage. After reading the two dialogues, try the practice exercises to test your understanding of the vocabulary.