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Definition
Various weightings of other currencies grouped together in relation to a basket currency. Sometimes used by currencies to fix their rate, often on a trade-weighted basket.
Currency Basket
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Related Terms
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An index that measures the change in price of a representative basket of goods and services such as food,...
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Trade balance measures the ratio of exports to imports for a given country’s economy. If exports are...
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A currency peg, sometimes referred to as a [[Fixed exchange rate|fixed exchange rate]], is a kind of...
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Currency intervention occurs when one central bank or more buys (or sells) a currency in the foreign...
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The Federal Reserve of the United States, commonly known as the Fed, is the organization responsible for...
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