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 ?
Last year we launched exchange trading currency pair yuan-tenge on our stock exchange.
The second-highest trading currency is the US dollar.
A study from Aite Group, commissioned by Clearstream, on Internationalising the Renminbi: Weaving a Web for the Next World Currency shows that market participants in Asia and Europe see the development of offshore centers in Europe as having a key impact on the global liquidity of China s trading currency, the renminbi (RMB).
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.
You can trade the euro/gold pair, to benefit on moves of the euro against gold, trading currency against commodities.
In this beginner's guide to FX trading, we outline the benefits of trading currency pairs over other trading traditional stocks and shares while outlining the trading options available as well as how to manage your accounts and the tools which can help to minimise risk.
Across the board, the most important trading currency is the dollar followed by the euro and then others.
But the bond market had been a legal route for trading currency _ and a crucial source of hard currency for businesses that could not get dollars at the low official rates.
The company has taken this step in response to the falling value of UK sterling against the Euro which is the trading currency of many of its suppliers.
If it is, then it is easy to see why the Iraq war was started by the United States, since it is obvious that loss of dollar power as a world trading currency, could result in bankruptcy within a year.
RMB - rising to be an international trading currency