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  2. Share Prices
  3. Finance Glossary
  4. Terms Beginning With U
  5. Underlying Currency

Underlying Currency

Definition of 'Underlying Currency'

Currency which forms the basis of a contract, and hence is bought or sold when the contract is exercised.

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Related Terms

CFDContract For DifferenceAccrued InterestCash SettlementCovered WarrantBase CurrencyConvertible CurrencyQuoted CurrencyBack to Back LoansBasket CurrencyCurrency AppreciationCurrency HedgingCurrency OptionCurrency SwaptionCurrency WarrantDollar RateEurocurrency BankingEuropean Currency Unit (ECU)Hard CurrencyLeading

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