Trading Currency

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 ?
The Japanese Yen is currently the top Bitcoin trading currency in the world, accounting for 56.
The introduction of the dollar as international trading currency led to a form of neo-imperialism that affected the political and economic resources of developing countries.
LAHORE -- The business community and the financial experts have welcomed the Planning and Development Minister Ahsan Iqbal's announcement that government is considering the China's proposal to use renminbi (RMB) or yuan as trading currency in bilateral trade with Pakistan, advising that the real benefit lies only in enhancing local exports.
KARACHI -- China's proposal to use yuan as trading currency in bilateral trade with Pakistan has been widely welcomed by the business community.
The commission for trading currency pairs on Prime accounts is less as compared to ECN accounts and equals to 15 USD for the trading volume of 1 million USD.
The new ETCs expand BNP Paribas' product range by giving investors access to the performance of futures contracts from the metals and energy sectors now also in the trading currency US dollars.
The Egyptianpound weakened on Monday, which is its second day as a freely trading currency.
Dubai: Renminbi (RMB) is fast emerging as trading currency of choice among the UAE based businesses, according a study by HSBC Commercial Banking.
India's pharmaceutical exporters want to make deals with Nigeria and other African oil exporters using the Indian rupee as trading currency, according to India's Business Standard news website.
Last year we launched exchange trading currency pair yuan-tenge on our stock exchange.
It is already an important global trading currency and is set to become a top three global trading currency by 2015.
It is already an important global trading currency and is set to become a top-three global-trading currency by 2015.