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Currency basket |
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Currency basketA group of two or more currencies that may be used as a unit of account, or to which another currency may be pegged.Currency basketThe value of a portfolio of specific amounts of individual currencies, used as the basis for setting the market value of another currency. It is also referred to as a currency cocktail.Currency basket Similar MatchesVehicle currencyVehicle currencyThe currency used to invoice an international trade transaction, especially when it is not the national currency of either the importer or the exporter. Currency loanCurrency loanA term used when money is borrowed in a foreign currency. Currency overvaluationCurrency overvaluationApplies mainly to international equities: (1) consideration that a currency is overvalued if private demand for the currency at the going exchange rate is less than total private supply (i.e., central banks are buying up the difference, supporting the value of the currency through foreign exchange intervention); (2) currency value exceeding purchasing power parity. European Currency UnitEuropean Currency UnitA weighted average of European Community currencies with weighting tending to be proportional to a country's economy. The ecu has been superseded by the euro. Eurocurrency marketEurocurrency marketThe money market for borrowing and lending currencies that are held in the form of deposits in banks located outside the countries where the currencies are issued as legal tender. Further SuggestionsCurrency reallignmentCommon currency Intervention currency Over-valued currency Currency option Composite currency Currency call option Multicurrency loans Currency put option Currency Currency in circulation Hard currency Currency swap currency currency swap Multicurrency clause Convertible currency Foreign currency mortgage Reporting currency Reserve currency Strong Currency Foreign currency option Currency crisis Blocked currency Comptroller of the Currency |
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