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Currency swings |
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Currency 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.Currency swings Similar MatchesEurocurrencyEurocurrencyA currency which is deposited in banks outside its country of origin. For example the eurodollar, eurodeutschmark and eurosterling. 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. Base currencyBase currencyApplies mainly to international equities. Currency in which gains or losses from operating an international portfolio are measured. European Currency Unit (ECU)European Currency Unit (ECU)An index of foreign exchange consisting of European currencies, originally devised in 1979. See also: Euro. Currency boardCurrency boardAn extreme form of pegged exchange rate in which management of both the exchange rate and the money supply are taken away from the central bank and given to an agency with instructions to back every unit of circulating domestic currency with a specified amount of foreign currency. Operates similar to the gold standard. Further SuggestionsCurrency futures contractCurrency revaluation Currency future Composite currency Currency overvaluation Convertible currency Currency depreciation Blocked currency Currency speculation Currency diversification Eurocurrency Common currency Currency devaluation Intervention currency Currency hedge currency currency loan Reporting currency Comptroller of the Currency Currency Exchange Risk currency swap Net currency exposure Canonical model of currency crises Reserve currency Currency depreciation |
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