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Composite currency - Financial definition

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Translations:      FR  monnaie composite (n.f.) , monnaie-panier (n.f.) , polymonnaie (n.f.)     ES  unidad monetaria compuesta (n.f.)     DE  Korbwährung (n.f.) 

  Concise definition of the term composite currency

Unit of account the value of which is fixed arbitrarily at its inception and then evolves as a weighted average of the variations of the national currencies of which it is composed.

  Comprehensive definition of the term composite currency

In some way, it represents the center of gravity of a monetary system. Examples for composite currencies would be the former European ECU, or the IMF's Special Drawing Rights (SDR).

 Additional information related to this definition

Definitions of related terms

Currency  •  European Currency Unit   •  Special drawing right

Formulas related to this definition

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