Currency union


 

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Currency union

A 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 Matches

Reserve currency

Reserve currency

A foreign currency held by a central bank or monetary authority for the purposes of exchange intervention and the settlement of intergovernmental claims.


Currency diversification

Currency diversification

Using more than one currency as an investing or financing strategy. Exposure to a diversified currency portfolio typically entails less exchange rate risk than if all the portfolio exposure were in a single foreign currency.


Currency future

Currency future

A financial future contract for the delivery of a specified foreign currency.


Currency put option

Currency put option

Contract that gives the holder the right to sell a particular currency at a specified price (exchange rate) within a specified period of time.


Currency

Currency

1. The money used by a country; e.g., the national currency of Japan is the yen. 2. The physical embodiment of money, in the forms of paper bills or notes, and metal coins.


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