Strong Currency(redirected from Strengthening of a Currency)
A currency whose value compared to other currencies is improving, as indicated by a decrease in the direct exchange rates for the currency.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved