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Home > QFINANCE Dictionary > Definition of basket of currencies

Definition of

basket of currencies

Currency & Exchange

group of currencies providing benchmark a group of currencies, each of which is weighted, calculated together as a single unit in establishing a standard of value for another unit of currency.

Related definitions of "basket of currencies"

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Definitions of ’basket of currencies’ and meaning of ’basket of currencies’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’basket of currencies’ and other financial terms with our online QFINANCE Financial Dictionary.

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