Common currency


 

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Common currency

A currency that is shared by more than one country. Thus the currency of a currency area.



Similar Matches

Currency risk

Currency risk

Uncertainty about the future value of a currency.


Currency speculation

Currency speculation

To buy or sell a currency in anticipation of its appreciation or depreciation respectively, the intent being to make a profit or avoid a loss. See speculation.


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 future

Currency future

A financial future contract for the delivery of a specified foreign currency.


Multicurrency loans

Multicurrency loans

Gives the borrower the possibility of drawing a loan in different currencies.


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