currency basket

/'kʌrənsi ˌbɑ:skɪt/ noun
a group of currencies, each of which is weighted, calculated together as a single unit against which another currency can be measured

Dictionary of banking and finance. 2015.

Look at other dictionaries:

  • Currency basket — A currency basket is a portfolio of selected currencies with different weightings. A currency basket is commonly used to minimize the risk of currency fluctuations.[1] An example of a currency basket is the European Currency Unit that was used by …   Wikipedia

  • Currency Basket — A selected group of currencies in which the weighted average is used as a measure of the value or the amount of an obligation. A currency basket functions as a benchmark for regional currency movements its composition and weighting depends on its …   Investment dictionary

  • Currency basket — The value of a portfolio of specific amounts of individual currencies, used as the basis for setting the market value of another currency. It is also referred to as a currency cocktail. The New York Times Financial Glossary * * *    A bundle of… …   Financial and business terms

  • currency basket — The value of a portfolio of specific amounts of individual currencies, used as the basis for setting the market value of another currency. It is also referred to as a currency cocktail. Bloomberg Financial Dictionary * * *    A bundle of foreign… …   Financial and business terms

  • currency basket — amount of money in circulation in any country …   English contemporary dictionary

  • currency basket basis — relational value of currencies from different countries …   English contemporary dictionary

  • currency basket rate — monetary rate made of the combined averages of other foreign currencies in relation to the Shekel …   English contemporary dictionary

  • Currency strength — expresses the value of currency. For economists, it is often calculated as purchasing power,[1] while for financial traders, it can be described as an indicator, reflecting many factors related to the currency; for example, fundamental data,… …   Wikipedia

  • Currency board — Part of a series on Government Public finance File:Governmentbhj,i,gu Vedder Highsmith detail 1.jpeg …   Wikipedia

  • Basket Option — A type of option whose underlying asset is a basket of commodities, securities, or currencies. A currency basket option provides a cheaper method for multinational corporations to receive/sell a basket of several currencies for one specified… …   Investment dictionary

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