Strong Currency

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Strong Currency

A currency whose value compared to other currencies is improving, as indicated by a decrease in the direct exchange rates for the currency.

Strong Currency

A currency when it is worth more relative to other currencies. Because most currencies are floating, their values vary according to market trends. When one unit of a currency trades for more units of another currency, it is known as a strong currency. When a currency is strong, travelers are able to go abroad while spending less of their money, but it makes exports more expensive in other countries. A strong currency can be disinflationary for currencies pegged to it. See also: Weak currency, Exchange rate.
References in periodicals archive ?
Andrew Nocella, US Airways senior vice president for marketing and planning, said, 'As we bring two strong currencies together, we'll have one, stronger currency.
The result is a booming stock market in the US and elsewhere and artificially strong currencies in many developing nations.
Strong currencies are a drag on export competitiveness, but if imported food price rises are coming, and fuel costs remain elevated, emerging Asia's policymakers may yet have to recognize the advantage of some degree of local currency strength.
The most expensive office occupier markets also have a diversified economic base; limited, available institutional quality space; strong currencies and are increasingly located in urban centers.
I FIND it hard to believe that such a shambolic currency as the euro should have such an influence on the strong currencies of the US, India and China.
For the near term, I am concerned about the general softening of prices when we continue to see cost escalation and strong currencies in Australia and Canada.
Likewise, purchasers with strong currencies relative to the U.
By contrast, Switzerland and some East European nations will be able to sustain the pressures due to strong currencies which alleviate the effects of dollar-denominated oil prices rises.
With many European trading lines in the mix, the government takes in strong currencies like the euro and the British pound.
The daily chart is not as strong as I would like to see, but the USD seems to be weak across the board so finding the current strong currencies to trade could represent a solid trading opportunity.
Pakistan should also accept other strong currencies, convert some reserves or try to build reserves and initiate international trade as well as banking in stable currencies.
Chemicals imported from outside Europe or made from basic chemicals from outside the region are cheaper to buy with the euro or other strong currencies than elsewhere in the world," explained Henrik Meinche, senior economist at the German Chemical Industry Association (VCI), Frankfurt.