The quality or state of being conversible; the ability to be converted or exchanged.
From 'conversible' (from Latin 'conversibilis') plus the abstract noun suffix '-ity.' This technical term is used in philosophy, theology, and economics to discuss things that can be converted or transformed.
In economics, 'conversibility' matters hugely—whether a currency has 'convertibility' determines if you can actually exchange it for other currencies or gold, which was central to debates about gold standards and currency systems.
Complete word intelligence in one call. Free tier — 50 lookups/day.