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Currency |
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Currency1. 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.CurrencyMoney.CurrencyCash, cheques etc. which circulate in an economy as an accepted means of exchange.Similar MatchesCurrency unionCurrency 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. Foreign currency mortgageForeign currency mortgageIt is possible to get a mortgage for your home in the UK in a mortgage denominated in a foreign currency. It sometimes gives you the opportunity to borrow money at a lower rate of interest than is possible in the UK. You do this by choosing a currency whose country has lower interest rates than we have here. Lower interest rates should mean lower repayments of both capital and interest or a shorter mortgage term. The mortgage does not have to be in any single currency. There are lenders who will allow you to spread your mortgage across a range of different currencies. This could be seen as spreading the risk Net currency exposureNet currency exposureExposure to foreign exchange risk> after netting all intracompany cash flows. Currency risk sharingCurrency risk sharingAn agreement by the parties to a transaction to share the currency risk associated with the transaction. The arrangement involves a customized hedge contract embedded in the underlying transaction. EurocurrencyEurocurrencyA currency which is deposited in banks outside its country of origin. For example the eurodollar, eurodeutschmark and eurosterling. Further Suggestionscurrency swapOver-valued currency Eurocurrency Currency arbitrage Reserve currency Currency Board Currency appreciation Eurocurrency deposit Foreign currency option Currency in circulation Currency option Currency put option Optimal currency area Currency crisis Currency speculation Currency factor Currency selection Convertible currency Currency area Hard currency Currency diversification Currency devaluation Currency swings Currency overvaluation Currency basket |
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