Currency Basket: Taking advantage of divergences in exchange rates in different money markets by buying a currency in one market and selling it in another market.

 

Related Words

Currency Basket: Taking advantage of divergences in exchange rates in different money markets by buying a currency in one market and selling it in another market.

Foreign Currency: NYSE members who trade in foreign bonds on the floor.

Foreign Currency Forward Contract: Money of another country from one's own.

Foreign Currency Futures Contract: Agreement that obligates its parties to exchange given quantities of currencies at a prespecified exchange rate on a certain future date.

European Currency Unit (ECU): Bank created to monitor the monetary policy of the 11 countries that have converted to the Euro from their local currencies. The 11 countries are: Austria, Belgium, Finland, France, Germany, . . . View Full Definition

Foreign Currency Option: Standardized and easily transferable obligation between two parties to exchange currencies at a specified rate during a specified delivery month; standardized contract on specified underlyin . . . View Full Definition

Eurocurrency Market: A short-term fixed-rate time deposit denominated in a currency other than the local currency (i.e., U.S. dollars deposited in a London bank).

Drive To The Basket: To move rapidly with purpose and authority toward the basket with the ball with the intention of scoring.

Die Cast (Basket): A type of speaker basket or frame that is cast as a single piece of relatively thick, rigid metal. This contrasts with a Stamped frame that is shaped by pressure, much like a car body fender . . . View Full Definition

Dual-Currency Issues: The custom of a trader on the commodities market to deal for its own account and the investor's account at the same time.