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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.
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Related Terms
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A Weighted Moving Average (WMA) is a type of moving average that puts more weight on recent data and less...
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Time-Weighted Average Price (TWAP) is a trading algorithm based on the weighted average price used for the...
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A Moving Average (MA for short) is a technical indicator that averages a currency pair’s price over a...
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Forex trading is the simultaneous buying of one currency and selling another. When you trade in the forex...
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Secured Overnight Financing Rate (SOFR) is the secured overnight funding rate in USD. It is a rate...
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