A collection of select foreign currencies weighted by valuation used as an index for comparing price differentials in transactions involving multiple currencies. The use of a weighted average of multiple currencies broadens the comparisons and reduces the risk Exposure associated with using a single currency.
Browse by Subjects
basket of currencies
See All Related Terms »
Gross National Debt
American Psychological Association (APA):
Chicago Manual of Style (CMS):
Modern Language Association (MLA):