The worth of an asset or a term used to describe the process of determining an asset's worth. currency valuation in the forex market is always relative since paper currencies have little intrinsic value themselves, and so they generally trade in pairs. Nevertheless, a more objective valuation of a currency might be how many units are required to purchase a given amount of a hard currency like gold or silver.
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currency basket
European Exchange Rate Mechanism
U.S. Dollar Index (USDX)
mean reversion
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