Trading Currency

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Trading Currency

The currency used to settle an international transaction, especially when it is the currency of neither country involved in the transaction. For example, if a buyer in Romania uses U.S. dollars to purchase goods from a seller in Brazil, the dollar is the trading currency.
References in periodicals archive ?
Currently, ICBC can offer quotations for 22 direct trading currencies such as EUR, JPY and GBP, and is one of the two market makers for all currencies in the interbank foreign exchange market.
Central Bank of Iran will conduct a pilot project on launching an online system for trading currencies.
China's currency, also known as the yuan, is poised to join the US dollar and the euro as one of the world's top three trading currencies as China will settle 30 per cent of its annual trade in renminbi, equivalent to $2 trillion.
Players refrained from actively trading currencies Tuesday in New York before seeing Wednesday's outcome of the U.
Trading currencies in the Arab World requires a unique perspective apart from experience, says Tom Cleveland, an expert in forex trading.
When this happens RMB will be one of the top three trading currencies in the world.
The two funds, HSBC MSCI EM Latin America ETF and HSBC MSCI Mexico Capped ETF, have been listed on the London Stock Exchange in sterling and US dollar trading currencies.
The H1 2010 results need to be analysed in light of major fluctuations across many of the GroupAcentsAAs trading currencies, as well as the very strong comparative H1 2009 performance.
It really needs to be addressed in the broader context of cross rates among the major trading currencies, as I'm sure you agree.
On the other hand, the yen has so far been supported against the dollar and major trading currencies by:
The vault was owned by the Bank of Nova Scotia, which held the metal as security for trading currencies in New York.
Also, many companies are reluctant to lock up value in special trading currencies or "trade dollars" rather than in cash.