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  2. Share Prices
  3. Finance Glossary
  4. Terms Beginning With B
  5. Basket Currency

Basket Currency

Definition of 'Basket Currency'

An invented currency based on several national currencies, such as the ECU and Special Drawing Rights.

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Related Terms

European Currency Unit (ECU)Special Drawing RightCovered WarrantGeneral InflationBase CurrencyConvertible CurrencyQuoted CurrencyBack to Back LoansCurrency AppreciationCurrency HedgingCurrency OptionCurrency SwaptionCurrency WarrantDollar RateEurocurrency BankingHard CurrencyLeadingLongNettingParallel Matching

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