A Currency Basket is several specially selected currencies whose aggregated value defines the weighted average rate for a currency that isn’t part of the basket. The purpose of a currency basket can vary: to define a conditional price of a currency; to protect against risks of a multi-currency clause; or to be used as a par value. Depending on its purpose, the currency basket can include currencies in different relative amounts, a currency’s inclusion on a constant basis or changing depending on different Forex market factors.
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