Basket of Currencies

Basket of Currencies
  Those currencies which together determine the value of the European Currency Unit (ECU). Each currency in the basket is weighted according to its country's gross national product (GNP), trade, and short-term credit quotas. Part of the European Monetary System (EMS), full participation in the basket was regarded as an important first step towards full Economic and Monetary Union (EMU).

Glossary of the European Union and European Communities . 2014.

Игры ⚽ Нужно решить контрольную?

Look at other dictionaries:

  • basket of currencies — ˌbasket of ˈcurrencies noun baskets of currencies PLURALFORM [countable usually singular] FINANCE a group of currencies against which the value of another currency is measured: • The yen s exchange rate against a basket of currencies has fallen… …   Financial and business terms

  • basket of currencies — collection of various foreign currencies and their current value …   English contemporary dictionary

  • basket of currencies — A group of selected currencies used to establish a value for some other unit of currency …   Big dictionary of business and management

  • basket of currencies — noun a mixture of foreign currencies, combined to produce a single unit of value which can be used as an index …  

  • basket of currencies — /ˌbɑ:skɪt əv kʌrənsiz/ noun a group of other currencies used to establish the value of a particular unit of currency …   Marketing dictionary in english

  • basket of currencies — /ˌbɑ:skɪt əv kʌrənsiz/ noun same as currency basket …   Dictionary of banking and finance

  • basket — ► NOUN 1) a container for holding or carrying things, made from interwoven strips of cane or wire. 2) Basketball a net fixed on a hoop, used as the goal. 3) a group, category, or range: a basket of currencies. ORIGIN Old French …   English terms dictionary

  • basket — [[t]bɑ͟ːskɪt, bæ̱s [/t]] baskets 1) N COUNT A basket is a stiff container that is used for carrying or storing objects. Baskets are made from thin strips of materials such as straw, plastic, or wire woven together. ...big wicker picnic baskets… …   English dictionary

  • Basket options — Packages that involve the exchange of more than two currencies against a base currency at expiration. The basket option buyer purchases the right, but not the obligation, to receive designated currencies in exchange for a base currency, either at …   Financial and business terms

  • basket options — Packages that involve the exchange of more than two currencies against a base currency at expiration. The basket option buyer purchases the right, but not the obligation, to receive designated currencies in exchange for a base currency, either at …   Financial and business terms

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”