Currency: Definition and additional resources from BNET
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BNET Business Dictionary

Business Definition for: Currency

  • the money in circulation in a particular country

Wiktionary Definition for: Currency

  • Money or other item used to facilitate transactions.
  • Ex: ''wampum was used as a '''currency''' by Amerindians.''
  • a countable unit which symbolize real value
  • Acceptance or use.
  • Ex: ''The jargon jargon's '''currency'''.''
  • The state of being current.

Additional Resources

Currency Management - Time to Act
UK pension schemes continue to increase their allocation to overseas assets. In doing so, they expose themselves to an additional risk factor, namely currency risk. Some of the largest schemes have implemented currency management programmes, which are used to reduce currency risks or, because the currency markets are inefficient, provide...
Tags: Operational Planning, Business Operations, Finance, Aon Corp., Investment, Asset Management, Currency Management
White papers 2005-04-01
Pricing Currency Risk: Facts and Puzzles from Currency Boards
Hard pegs, such as currency boards, intend to reduce or even eliminate currency risk. This paper investigates the patterns and determinants of the currency risk premium in two currency boards -- Argentina and Hong Kong. Despite the presumed rigidity of currency boards, the currency premium is almost always positive and...
Tags: Business Operations, Corporate Law, Financial Services, Corporate Governance, Currency Board, Pricing Strategy, Currency, Board
White papers 2003-01-01
The Currency Exchange Calculator
This is easy to use currency exchange tool; it will give the exact value of any particular country's currency against the selected country's currency.
Tags: Currency, BetterBudgeting.com, Productivity
Tools & templates 2008-01-01
New to FOREX
This article is about the investment of equity with Forex, or Foreign Exchange, is the simultaneous buying of one currency while selling for another. This market of exchange has more buyers and sellers and daily volume than any other in the world. Taking place in the major financial institutions...
Tags: Finance, Investment, Currency & Foreign Exchange, Financial Services, Currency
White papers 2003-01-01
Are Currency Boards a Cure for All Monetary Problems?
Currency board arrangements may be coming back into fashion. What recent successes have countries had with currency boards and in what circumstances are they most likely to be effective? The article explains about economic credibility, low inflation, and lower interest rates are the immediately obvious advantages of a currency...
Tags: Article, Board, Corporate Law, Business Operations, Corporate Governance, Currency Board
White papers 1998-12-01
National Instruments Adopts Euro Currency Beginning January 1, 1999
AUSTIN, Texas--BUSINESS WIRE--July 15, 1998--National Instruments (NASDAQ:NATI) today announced it will adopt the euro currency as its main operating currency for European operations as soon as the new currency is established on Jan. 1, 1999.
Tags: National Instruments Corp.
Research articles 1998-07-15
Using Currency Futures to Hedge Currency Risk
During periods of intense market risk, issues related to hedging different risk factors become critical. This paper has focused on currency risks. It started with a complete definition of currency effect on foreign portfolio returns, and argued in favor of protecting against this risk. The main benefit of a full...
Tags: Chicago Mercantile Exchange Holdings, Currency, Investment, Financial Services, Finance
White papers 2003-01-01
Natural Performers
From the executive summary: ‘When it comes to currency risk, companies are going natural. That does not mean they are exposing themselves completely to risk. They are forsaking derivatives for natural hedges, matching revenues, and costs for the same currency or offsetting losses in one currency with gains in another....
Tags: CFO Publishing Corp., Hedge, Currency, Financial Services, Operational Accounting, Finance
White papers 2003-06-01
WisdomTree Files For a Slew of New Currency ETFs
Roger Nusbaum submits: Here is the list of currency ETFs filed for by WisdomTree, according to IndexUniverse:WisdomTree Dreyfus Chilean Peso FundWisdomTree Dreyfus Czech Koruna FundWisdomTree Dreyfus Hong Kong Dollar FundWisdomTree Dreyfus Hungarian Forint FundWisdomTree Dreyfus Israeli Shekel FundWisdomTree Dreyfus Icelandic Krona FundWisdomTree Dreyfus Indonesian Rupiah FundWisdomTree Dreyfus Malaysian Ringgit...
Tags: ETF, US Market, Emerging Markets, India
External links 2008-08-31
Microsoft Project 2000: Displaying Costs In Multiple Currencies
When you install the Euro Currency Conversion COM add-in in Microsoft Project 2000, you can display costs in more than one currency at the same time. This is especially helpful if you need to report costs in your own currency, as well as the Euro currency or any other currency....
Tags: Microsoft Corp., Currency, Microsoft Project, Microsoft Office, Office Suites, Software
White papers
S&P Assigns 'A-' LC & 'BBB-' FC Rtgs To OTE
LONDON--BUSINESS WIRE--Standard & Poor's CreditWire 9/18/98-- Standard & Poor's today assigned its single-'A'-minus local currency and triple-'B'-minus foreign currency corporate credit ratings to OTE Hellenic Telecommunications Organization S.A. OTE. OTE's foreign currency rating is constrained by the triple-'B'-minus foreign currency rating of the Hellenic Republic. The local currency outlook is...
Tags: S&P
Research articles 1998-09-18
The Interactions Between Debt and Currency Crises -Common Causes or Contagion?
In contrast to the well-known twin currency and banking crises the literature has so far neglected a second type of twin crises, the simultaneous occurrence of currency and debt crises. This empirical analysis finds some evidence that one-year lagged debt crisis strongly Granger causes currency crisis and two-year lagged currency...
Tags: Currency Crise, Crisis, Foreign Direct Investment (FDI), Banking, Currency & Foreign Exchange, Investment, Finance, Financial Services
White papers 2004-12-01
Display Costs In Multiple Currencies In Microsoft Project
You can use the Euro Currency Converter COM add-in with Microsoft Project 2000 or later to display costs in more than one currency at the same time. This is especially helpful if you need to report costs in your own currency as well as in the euro or other currency....
Tags: Microsoft Project, Microsoft Office, Office Suites, Software, Microsoft Corp., Currency
White papers
Opportunities and Challenges of the U.S. Dollar as an Increasingly Global Currency: A Federal Reserve Perspective
Over the past two decades, demand for U.S. currency, especially the proportion estimated to be held abroad, has increased markedly. As a result, U.S. bank notes are now the most widely recognized and used currency in the world. Businesses and households outside the United States have long held U.S. currency...
Tags: Federal Reserve Board
Research articles 2001-09-01
Coins and Currency: How the Costs and Earnings Associated With Producing Coins and Currency Are Budgeted and Accounted For
The government produces billions of coins and currency notes each year. Coins are made by the U.S. Mint and issued by the Treasury Department. Currency notes are made by the Bureau of Engraving and Printing and issued by the Federal Reserve System Fed. This paper reviews how the costs and...
Tags: Document Management, Financial Accounting, Government, General Accounting Office, Earnings, Currency, Finance, Enterprise Software, Software, Managerial Accounting
White papers 2004-04-01
S&P Raises FirstRand Bank's Foreign Currency Rtg; FirstRand Bank Ltd. Foreign Currency Ratings Raised to BBB-; Local Currency Ratings Affirmed
Business Editors
Tags: S&P
Research articles 2000-02-28
Opportunities and Challenges of the U.S. Dollar as an Increasingly Global Currency: A Federal Reserve Perspective
This article describes how over the past two decades, demand for U.S. currency, especially the proportion estimated to be held abroad, has increased markedly. As a result, U.S. bank notes are now the most widely recognized and used currency in the world. Businesses and households outside the United States have...
Tags: U.S., Federal Reserve Board, Currency, Financial Services
White papers 2001-09-01
Currency Crises And Government Finances
Fiscal policy plays a big role in currency crises - before, and after they occur. Thus policymakers should not underestimate the importance of fiscal policy. The paper reviews the traditional models of currency crises, explained as a consequence of unsustainable fiscal policy, and how debt is accumulated, how currency crisis...
Tags: Currency Crise, Government, Policy, Finance, Financial Accounting, Free Trade
White papers 2002-05-01
On the Pattern of Currency Blocs in Africa
This paper seeks to elucidate the debate over currency union in Africa. The paper examines whether empirical investigation points to the gradual emergence of currency blocs. Based on the historical data on inflation, trade, and the co movements of prices and outputs, it argues that the emergence of large-scale currency...
Tags: Africa, Currency, Currency & Foreign Exchange, Finance
White papers 2005-03-01
Backgammon Masters Linden Currency Test at Second Life Fails to Execute
LONDON -- BackgammonMasters online backgammon game operator surveyed 500 of its non-US players to check the potential demand for the use of Second Life Virtual world currency "Linden" on their site and came up short. According to survey results, only 20 of the 500 players had ever heard of the...
Tags: Second Life
Research articles 2008-05-19
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