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Currency union |
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Currency unionA group of countries that agree to peg their exchange rates and to coordinate their monetary policies so as to avoid the need for currency reallignments.Similar MatchesCurrency blocCurrency bloc1. A group of countries that share a common currency; a currency area. 2. A group of countries that peg their different national currencies to a single currency. Currency riskCurrency riskRelated: Exchange rate risk 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 in circulationCurrency in circulationPaper money, coins, and demand deposits that constitute all the money circulating in the economy. Currency hedgeCurrency hedgeApplies mainly to international equities. Hedging technique to guard against foreign exchange fluctuations (i.e., short Euro l00 mm when holding a long position of Euro l00 mm in stocks). Further SuggestionsCurrency swingsComposite currency Currency overvaluation Artificial currency Foreign currency mortgage Vehicle currency Currency in circulation Reserve currency Currency no longer issued Currency depreciation Reporting currency Currency option Strong Currency Currency call option European Currency Unit (ECU) Currency selection Eurocurrency deposit Currency Foreign currency translation Currency Foreign currency futures contract Hard currency Over-valued currency currency Currency factor |
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