Hard currencyA currency which is generally accepted throughout the world and which is unlikely to devalue. Examples are the deutschmark, dollar and Swiss franc.
Hard currencyA freely convertible currency that is not expected to depreciate in value in the foreseeable future.
Currency hedgeCurrency hedge
Applies 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).
Composite currencyComposite currency
A currency defined as a specified combination of two or more currencies, normally existing only as a unit of account rather than as a physical currency. Examples include the SDR and the ECU.
Currency selectionCurrency selection
Asset allocation in which the investor chooses among investments denominated in different currencies.
Net currency exposureNet currency exposure
Exposure to foreign exchange risk> after netting all intracompany cash flows.
Multicurrency clauseMulticurrency clause
Such a clause on a Euro loan permits the borrower to switch from one currency to another currency on a rollover date.
Further SuggestionsSoft currency
Currency Exchange Risk
Foreign currency translation
Canonical model of currency crises
Currency in circulation
Currency put option
Currency no longer issued