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Over-valued currency |
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Over-valued currencyThe situation of a currency whose value on the exchange market is higher than is believed to be sustainable. This may be due to a pegged or managed rate that is above the market-clearing rate, or, under a floating rate, it may be due to speculative capital inflows. Contrasts with under-valued currency.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. Eurocurrency marketEurocurrency marketThe money market for borrowing and lending currencies that are held in the form of deposits in banks located outside the countries where the currencies are issued as legal tender. Hard currencyHard currencyA freely convertible currency that is not expected to depreciate in value in the foreseeable future. Currency futureCurrency futureA financial future contract for the delivery of a specified foreign currency. Common currencyCommon currencyA currency that is shared by more than one country. Thus the currency of a currency area. Further SuggestionsCurrency optionBase currency Currency appreciation Currency factor Composite currency Eurocurrency Currency in circulation Reserve currency Currency risk sharing Currency depreciation currency conversion European Currency Unit (ECU) Currency speculation currency Currency depreciation Currency Currency risk Convertible currency Currency Eurocurrency deposit Currency swap Multicurrency clause Artificial currency Reserve currency Comptroller of the Currency |
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