exchange rate index


A way of measuring the relative value of a currency by comparing it to a basket of other currencies. The exchange rate index value is calculated by comparing the primary currency to the average value of other currencies, weighted according to the overall amount of trade with nations using that currency.
Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
exchange rate agreement exchange rate mechanism