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Under-valued currency |
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Under-valued currencyThe situation of a currency whose value on the exchange market is lower than is believed to be sustainable. This may be due to a pegged or managed rate that is below the market-clearing rate, or, under a floating rate, it may be due to speculative capital outflows. Contrasts with over-valued currency.Similar MatchesEuropean Currency UnitEuropean Currency UnitA weighted average of European Community currencies with weighting tending to be proportional to a country's economy. The ecu has been superseded by the euro. Vehicle currencyVehicle currencyThe currency used to invoice an international trade transaction, especially when it is not the national currency of either the importer or the exporter. Multicurrency clauseMulticurrency clauseSuch a clause on a Euro loan permits the borrower to switch from one currency to another currency on a rollover date. Net currency exposureNet currency exposureExposure to foreign exchange risk> after netting all intracompany cash flows. Currency BoardCurrency BoardEntity charged with maintaining the value of a local currency with respect to some other specified currency. Further SuggestionsEurocurrencyCurrency swings Currency selection currency Currency futures contract Currency arbitrage European Currency Unit (ECU) Over-valued currency Currency risk Currency area Foreign currency mortgage currency swap Virtual currency option eurocurrency Canonical model of currency crises Currency hedge Currency appreciation Common currency Currency put option currency conversion Currency option Comptroller of the Currency Currency risk Currency bloc Currency |
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