Base currencyApplies mainly to international equities. Currency in which gains or losses from operating an international portfolio are measured.
Currency hedgeCurrency hedge
Applies mainly to international equities. Hedging technique to guard against foreign exchange fluctuations (i.e., short Euro l00 mm when holding a long position of Euro l00 mm in stocks).
Currency call optionCurrency call option
Contract that gives the holder the right to purchase a specific currency at a specified price (exchange rate) within a specific period of time.
Optimal currency areaOptimal currency area
The optimal grouping of regions or countries within which exchange rates should be held fixed. First defined (as "optimum currency areas") by Mundell (1961).
Currency in circulationCurrency in circulation
The amount of a country's currency that is in the hands of the public (households, firms, banks, etc), as opposed to sitting in the vaults of the central bank.
Multicurrency clauseMulticurrency clause
Such a clause on a Euro loan permits the borrower to switch from one currency to another currency on a rollover date.
Further SuggestionsReporting currency
Currency Exchange Risk
Virtual currency option
European Currency Unit
Currency put option