Key Currency

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Key Currency

A currency pegged to a currency basket. Small, export-oriented countries may adopt key currencies because they may provide stable exchange rates for their currencies, which may reduce risk in international trade.
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Based on inward investor demand, "the key currencies are the Indian rupee, British pound and Pakistani rupee -- changes in Dubai property prices appear linked to fluctuation of these currencies," said Jesse Downs, Managing Director Phidar Advisory.
The deteriorating situation in Yemen with regard to the lack of political and economic stability have driven downward the value of the Yemeni riyal against the dollar and other key currencies.
Stefan Schneider, chief German economist at Deutsche Bank, estimated that a 10 per cent depreciation in the euro's value against a group of key currencies adds as much as 0.
The company, which provides meals for schools, work canteens and major sporting events such as Wimbledon, expects sterling's strength against most of the key currencies it trades in to have a 6.
Depreciation of key currencies against the US dollar will adversely impact reported results
The dollar index dropped compared to a basket of key currencies including the sterling pound, Japanese Yen, Euro, and Swiss Franc, while the oil barrel price is affected in an inverse relation with the dollar exchange price.
It is worth noting that the growth rate of total loans and advances and of customer deposits would have been higher has the exchange rate in several key currencies not depreciated against the dollar during this period.
The dollar was just off a three-week low against a basket of six key currencies although a surprise fall in German retail sales put pressure on the euro as it dipped 0.
The dollar measured against a basket of key currencies fell 0.
Behind the decline in the manufacturing sector was a shift by Japanese companies of production overseas as the yen's value against other key currencies has been still high and intensifying international competition as well as job cuts by electronics companies suffering from a business slump, analysts said.
Factors leading to the price increase include a desire by investors to diversify their portfolios with hard assets, the diminished value of key currencies and continued global economic uncertainty.
8220;Forex options for key currencies have superior liquidity that let them enter the market long or short, or exit the market as considered necessary,” said Mr.