|
|
Currency basket |
|
|
|
 Home Site Map Add Term Search About Us Contributors |
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 MatchesForeign currency translationForeign currency translationThe process of restating foreign currency accounts of subsidiaries into the reporting currency of the parent company in order to prepare consolidated financial statements. Over-valued currencyOver-valued currencyThe situation of a currency whose value on the exchange market is higher than is believed to be sustainable. This may be due to a pegged or managed rate that is above the market-clearing rate, or, under a floating rate, it may be due to speculative capital inflows. Contrasts with under-valued 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 areaCurrency areaA 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. Multicurrency clauseMulticurrency clauseSuch a clause on a Euro loan permits the borrower to switch from one currency to another currency on a rollover date. Further SuggestionsCurrency risk sharingCurrency swings Currency put option Comptroller of the Currency Currency Exchange Risk European Currency Unit (ECU) Foreign currency option hard currency Currency union Currency futures contract Currency revaluation Composite currency Currency appreciation Eurocurrency market Currency crisis Vehicle currency Eurocurrency currency Currency in circulation Reserve currency Currency Currency factor Currency future Eurocurrency deposit Currency reallignment |
|
|
|