Agio

Summary of Agio

A premium paid in the process of exchanging one currency for another, or for a bill of exchange denominated in a foreign currency.

(Main Author: William J. Miller)

Definition of Agio in International Trade

The following is a concept of Agio in the context of international trade law, from the Dictionary of International Trade (Global Negotiator): The extra amount over and above the market price which is paid in counter trade transactions and results from the particular costs of countertrade.