Key Currency

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Key Currency

A currency pegged to a currency basket. Small, export-oriented countries may adopt key currencies because they may provide stable exchange rates for their currencies, which may reduce risk in international trade.
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Meanwhile, global commodity surpluses, trade agreement renegotiations and relative strength of key currencies will set the scope of growth over the next three years according to the report, "2018-2020: Pressure on Grain and Farm Supply Sectors to Persist."
However, experts point out they are big economies with key currencies. Countries including Singapore, Malaysia and Vietnam, meanwhile, chose semiannual disclosure, while Switzerland does it once a year.
The US dollar gained against key currencies overseas, while rise in demand for the greenback from exporters also pressured the domestic unit, traders said.
''We benefitted from a healthy recovery in the global air cargo industry, as well as the relative strengthening of key currencies against the US dollar,'' said chairman and CEO Sheikh Ahmed bin Saeed al-Maktoum.
On the positive side, we benefitted from a healthy recovery in the global air cargo industry, as well as the relative strengthening of key currencies against the US dollar," Sheikh Ahmed bin Saeed Al-Maktoum, Chairman and Chief Executive, Emirates Airline and Group said in a statement.
On the positive side, we benefitted from a healthy recovery in the global air cargo industry, as well as the relative strengthening of key currencies against the US dollar," said Sheikh Ahmed bin Saeed Al Maktoum, chairman and chief executive, Emirates Airline and Group.
"The strategic partnership will enable MoneyGram to settle key currencies and match the timing of funding with its settlement requirements, reducing operating costs, working capital needs and improving earnings and free cash flow," he added. 
The dollar slid last week against key currencies and US stocks fell as markets measured the risk of an August 2 deadline passing without a breakthrough.
Fluctuations between our key currencies, however, affected both sales and profit negatively as compared year-on-year," Meda's CEO, Anders Lonner, commented.
It was also able to concentrate its hedging on a small number of key currencies, reducing administrative costs as well as operational, forecasting and accounting requirements.
The strengthening of key currencies against the US dollar also assisted results for the half year.
SABMiller, which is one of the world's largest brewers, added that earnings in the first half of the year benefited from the strength of key currencies against the US dollar.