What’s in a basket of currencies

Refers to a foreign currency portfolio THAT IS used as a reference for setting exchange rates. The proportion of a foreign currency in the portfolio is usually based on the importance of the foreign currency in the country’s international trade. It is a group of currencies consisting of a variety of currencies in a certain proportion.

A basket of currencies, the dollar, euro, Japanese yen, Hong Kong dollar, Australian dollar, new yuan, Singapore dollar, Swiss franc, Canadian dollar and Malaysian ringgit, the Russian ruble, the Thai baht, the South African rand, and the united Arab emirates dirhams, Saudi riyal, Hungarian forint and the polish zloty, Danish kroner, Swedish kronor, Norwegian krone, and the Mexican peso.