Currency Basket - Benchmark for Regional Currencies

What is a Currency Basket?

A currency basket is basically the mutual fund for currencies. The currency basket is commonly used as a way of avoiding the risk of currency price movement. The currency basket functions as a benchmark for regional currencies. Traders should review the details of each currency basket to see how each respective currency is weighted. The Asian Currency Unit and Russian Currency Unit are examples of a currency basket.

Tim Ord
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