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Currency loan |
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Currency loanA term used when money is borrowed in a foreign currency.Similar MatchesComposite currencyComposite currencyA currency defined as a specified combination of two or more currencies, normally existing only as a unit of account rather than as a physical currency. Examples include the SDR and the ECU. Currency riskCurrency riskUncertainty about the future value of a currency. Currency swapCurrency swapAn agreement to swap a series of specified payment obligations denominated in one currency for a series of specified payment obligations denominated in a different currency. Currency optionCurrency optionAn option to buy or sell a foreign currency. Currency swingsCurrency swingsThese affect foreign currency mortgages. In pound sterling terms, the value of the capital outstanding on your mortgage can rise or fall dramatically if there is movement in the value of either the currency of the loan or UK pounds sterling. If the value of the pound increases, you should benefit from lower repayments, as the value of the foreign currency you have borrowed decreases. Less sterling is required to buy the same amount of foreign currency necessary to meet the repayments and vice versa. Further SuggestionsVehicle currencyCurrency future Currency Exchange Risk Currency appreciation Currency Hard currency Common currency currency swap Foreign currency translation Base currency Currency devaluation Comptroller of the Currency hard currency Currency reserves Multicurrency loans Canonical model of currency crises Multicurrency clause Currency futures contract European Currency Unit Virtual currency option Currency in circulation Currency depreciation Moscow Interbank Currency Exchange (MICEX) Currency bloc Eurocurrency market |
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