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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 MatchesReporting currencyReporting currencyThe currency in which the parent firm prepares its own financial statements; that is, US dollars for a US company. Currency in circulationCurrency in circulationThe amount of a country's currency that is in the hands of the public (households, firms, banks, etc), as opposed to sitting in the vaults of the central bank. Blocked currencyBlocked currencyA currency that is not freely convertible to other currencies due to exchange controls. Intervention currencyIntervention currencyA currency that is commonly used by central banks for exchange market intervention. See reserve currency. Artificial currencyArtificial currencyA currency substitute, e.g., special drawing rights (SDRs). Further SuggestionsUnder-valued currencyComposite currency Vehicle currency Currency devaluation currency loan Foreign currency futures contract Currency arbitrage Currency in circulation Currency overvaluation Common currency Currency Currency diversification Foreign currency option Currency crisis Over-valued currency Currency board Currency area Canonical model of currency crises Currency speculation Soft currency Reserve currency Currency option Net currency exposure Eurocurrency deposit Asian Currency Units (ACU) |
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