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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 Exchange RiskCurrency Exchange RiskUncertainty about the rate at which revenues or costs denominated in one currency can be converted into another currency. 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 Blocked currencyBlocked currencyA currency that is not freely convertible to other currencies due to exchange controls. Currency areaCurrency areaA group of countries that share a common currency. Originally defined by Mundell (1961) as a group that have fixed exchange rates among their national currencies. EurocurrencyEurocurrencyA currency which is deposited in banks outside its country of origin. For example the eurodollar, eurodeutschmark and eurosterling. Further SuggestionsCurrency swingsCurrency depreciation Artificial currency Currency risk Net currency exposure Currency reserves Reporting currency Currency crisis Currency basket Eurocurrency deposit Foreign currency option Hard currency Currency hedge Currency Board Currency in circulation Virtual currency option Base currency Currency overvaluation Currency board Foreign currency futures contract Currency revaluation Currency reallignment Currency selection Currency futures contract Composite currency |
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