Base currency

 

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Base currency

Applies mainly to international equities. Currency in which gains or losses from operating an international portfolio are measured.



Base currency

Similar Matches

Soft currency

Soft currency

A money of a country that is expected to drop in value relative to other currencies.


Currency swap

Currency swap

An arrangement in which two parties exchange a series of cashflows in one currency for a series of cashflows in another currency, at agreed intervals over an agreed period.Companies would do this where they have existing borrowings in a currency which they want to convert into a borrowing in another currency. If its borrowing is at a fixed rate, and it is exchanging for another fixed rate borrowing, the swap is a 'fixed rate currency swap'.Unlike an interest rate swap, a currency swap usually does involve an exchange of the principal borrowed amount as well as the interest payments.


Currency crisis

Currency crisis

The crisis that occurs when particpants in an exchange market come to percieve that an attempt to maintain a pegged exchange rate is about to fail, causing speculation against the peg that hastens the failure and forces a devaluation.


Foreign currency futures contract

Foreign currency futures contract

Standardized and easily transferable obligation between two parties to exchange currencies at a specified rate during a specified delivery month; standardized contract on specified underlying currencies, in multiples of standard amounts. Purchased and traded on a regulated exchange on which margins are posted.


Currency area

Currency area

A group of countries that share a common currency. Originally defined by Mundell (1961) as a group that have fixed exchange rates among their national currencies.


Further Suggestions

Currency overvaluation
Currency union
Currency Exchange Risk
Artificial currency
Currency
Currency devaluation
Net currency exposure
currency
Optimal currency area
Over-valued currency
Canonical model of currency crises
Currency depreciation
Hard currency
Intervention currency
Multicurrency loans
Currency put option
Currency hedge
hard currency
Currency in circulation
Composite currency
Currency futures contract
Currency Board
European Currency Unit (ECU)
Currency reserves
Under-valued currency


 
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