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Foreign currency forward contract |
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Foreign currency forward contractAgreement that obligates its parties to exchange given quantities of currencies at a prespecified exchange rate on a certain future date.Foreign currency forward contract Similar MatchesOptimal currency areaOptimal currency areaThe optimal grouping of regions or countries within which exchange rates should be held fixed. First defined (as "optimum currency areas") by Mundell (1961). 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. Virtual currency optionVirtual currency optionA new option contract introduced by the PHLX in 1994 that is settled in US dollars rather than in the underlying currency. These options are also called 3-Ds (dollar-denominated delivery). Base currencyBase currencyApplies mainly to international equities. Currency in which gains or losses from operating an international portfolio are measured. Canonical model of currency crisesCanonical model of currency crisesThis term has been used to refer to the model that Krugman (1979) presented of a currency crisis that results when domestic policy is pursued in a manner inconsistent with a pegged exchange rate. Further SuggestionsCurrency appreciationEurocurrency market hard currency Asian Currency Units (ACU) Strong Currency Currency no longer issued Moscow Interbank Currency Exchange (MICEX) Currency call option Currency risk sharing currency conversion Currency swap Currency overvaluation Currency area Currency in circulation currency Over-valued currency Currency depreciation Eurocurrency Artificial currency Multicurrency loans Blocked currency Currency swings Reserve currency Currency hedge Currency risk |
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