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 ?
Canada had above potential growth of about 3.1 percent in 2017, having weathered the oil price shocks and mild currency strengthening. The projections are for about 2 percent growth in 2018 and 2019, less than the 2017 figure but more in line with the long-run potential growth.
GBP assets are being seen as particularly attractive by expatriates in the UAE, with the currency strengthening against the USD on Thursday and Friday, says Globaleye.
The currency strengthening and international monitory organizations are acknowledging the value of Pakistan economy.
Some analysts believe an unfavorable exchange rate has prompted some expatriates to delay sending money home, especially with the value of the Mexican currency strengthening to 12.93 pesos per US$1.00 in September.
However, demand on behalf of the domestic market and recovery of global appetite for risk supported national currency strengthening. Biacurrency basket opened at the previous day level, but by the end of trade, it added 15 kopeks to 33.65 RUR.
I see the currency strengthening to 44 to 45 against the dollar.
Many analysts see the currency strengthening further in coming days, albeit at a very modest pace, with greater purchasing power of the world's third-largest economy becoming a strong global investment theme.
One way China could respond would be through an agreement among major Asian exporters to share the global adjustment and not take advantage of any Chinese currency strengthening. - YaleGlobal
Many economists see China's currency strengthening further in coming days but at a very modest pace, further diluting hopes for big market gains.
"In a region with constrained policy choices, we expect currency strengthening to be used as a policy tool in the fight against inflation," Merrill said.
On the one hand, the Chinese authorities remain cautious toward fast-paced and substantial currency strengthening. On the other hand, it is also clear that pressures are continuing to build both at home and abroad--for far more pronounced renminbi appreciation.
currency strengthening against the euro as well, dealers said.