Currency basket

Currency basket
The value of a portfolio of specific amounts of individual currencies, used as the basis for setting the market value of another currency. It is also referred to as a currency cocktail. The New York Times Financial Glossary

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   A bundle of foreign currencies gathered into a single unit, against which an exchange rate can be set. Often the representation of a foreign currency in the basket is weighted for the importance of its use in the country's trade. If 40 percent of a country's imports and exports are priced in US dollars then the dollar may comprise 40 percent of the basket against which that country's currency is valued.

Financial and business terms. 2012.

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