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Common currency |
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Common currencyA currency that is shared by more than one country. Thus the currency of a currency area.Similar MatchesCurrency riskCurrency riskUncertainty about the future value of a currency. Currency speculationCurrency speculationTo 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 swapCurrency swapAn 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 futureCurrency futureA financial future contract for the delivery of a specified foreign currency. Multicurrency loansMulticurrency loansGives the borrower the possibility of drawing a loan in different currencies. Further SuggestionsCurrency swapCurrency put option Hard currency Reserve currency Currency swap Currency selection Artificial currency Currency option Eurocurrency deposit Currency risk currency Currency crisis Foreign currency option Strong Currency Currency risk sharing Comptroller of the Currency Currency devaluation Multicurrency clause Foreign currency futures contract Currency swings currency conversion Currency depreciation Foreign currency translation Currency hedge Eurocurrency market |
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