Reciprocal Currency

Reciprocal Currency

In foreign exchange, a currency whose exchange rate is quoted in U.S. dollars per unit of the foreign currency. One quotes a reciprocal currency by stating the dollars needed to buy one unit of that currency. That is, a reciprocal currency is a currency quoted in European terms.
References in periodicals archive ?
20 an agreement on a reciprocal currency swap scheme with the Bank of England.
Among the lucrative commercial agreements signed, the most anticipated reciprocal currency deal was the most significant.
China and Canada inked a reciprocal currency deal that is anticipated to boost exports dramatically.
The People's Bank of China (PBOC) and the Reserve Bank of New Zealand today announced the renewal of a reciprocal currency arrangement (swap line) to support the settlement of cross border transactions between New Zealand and Chinese businesses.
Additionally, income from reciprocal currency arrangements with other central banks and investments denominated in foreign currencies totaled $2.
The US Federal Reserve and the Bank of Korea (BOK) agreed to establish a US$30 billion temporary reciprocal currency arrangement (swap line).
The Bank of Canada's move is part of a worldwide effort among central banks to expand, by USD330bn, reciprocal currency swap arrangements to boost US dollar availability, The National Post said in a report.
The Fed also said it is establishing reciprocal currency swap lines worth $20 billion with the ECB and worth $4.
Reciprocal currency arrangements, September 28, 2001 Millions of dollars Institution Amount of Outstanding, facility Sept.
official reciprocal currency arrangements with foreign monetary authorities:(3) Foreign drawings, or -3,500 .
The People's Bank of China (PBOC) and the Reserve Bank of New Zealand today announced the establishment of a reciprocal currency arrangement (swap line) to support the settlement in Chinese Renminbi (RMB) of trade transactions between New Zealand and Chinese businesses.
The Federal Reserve's policymaking arm, the Federal Open Market Committee, has authorized new temporary reciprocal currency arrangements, sometimes called foreign currency liquidity swap lines, with the Bank of England, the European Central Bank, the Bank of Japan, and the Swiss National Bank.