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Home > QFINANCE Dictionary > Definition of currency basket

Definition of

currency basket

Currency & Exchange

group of currencies as benchmark in currency markets a group of currencies, each of which is weighted, calculated together as a single unit against which another currency can be measured.

Related definitions of "currency basket"

Recommended Further Reading (Term count)
  • Proceed with Caution: Chinese Economic Policy
    by David Smith
    This article was first published in Quantum magazine.Hopes that China may be prepared to countenance liberalization and the opening up of its financial sector are likely to be dashed, says David Smith. Risk aversion and caution will remain its watchwords as it defines its new global role.

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

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