Eurocurrency

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Related to Eurocurrencies: Eurocurrency deposit, Eurocurrency market

Eu·ro·cur·ren·cy

 (yo͝or′ō-kûr′ən-sē, -kŭr′-)
n. pl. Eu·ro·cur·ren·cies
Funds deposited in a bank when those funds are denominated in a currency differing from the bank's own domestic currency.
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

eurocurrency

(ˈjʊərəʊˌkʌrənsɪ)
n
(Banking & Finance) (sometimes capital)
a. the currency of any country held on deposit in Europe outside its home market: used as a source of short- or medium-term finance, esp in international trade, because of easy convertibility
b. (as modifier): the eurocurrency market.
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014

Eu•ro•cur•ren•cy

(ˈyʊər oʊˌkɜr ən si, -ˌkʌr-, ˈyɜr-)

n., pl. -cies.
funds, esp. U.S. funds, deposited in a European bank and payable in the currency of that country.
[1965–70]
Random House Kernerman Webster's College Dictionary, © 2010 K Dictionaries Ltd. Copyright 2005, 1997, 1991 by Random House, Inc. All rights reserved.
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.Eurocurrency - currency of the major financial and industrial countries held in those countries for the purpose of lending and borrowing
currency - the metal or paper medium of exchange that is presently used
Eurodollar - a United States dollar deposited in a European bank and used as an international currency to finance trade
Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.
Translations

Eurocurrency

[ˈjʊərəʊˌkʌrənsɪ] Neurodivisa f
Collins Spanish Dictionary - Complete and Unabridged 8th Edition 2005 © William Collins Sons & Co. Ltd. 1971, 1988 © HarperCollins Publishers 1992, 1993, 1996, 1997, 2000, 2003, 2005

eurocurrency

nEuro-Währung f
Collins German Dictionary – Complete and Unabridged 7th Edition 2005. © William Collins Sons & Co. Ltd. 1980 © HarperCollins Publishers 1991, 1997, 1999, 2004, 2005, 2007
References in periodicals archive ?
Global Financial Stability: Eurocurrencies Pose Systemic Risk IV.
(36) Other types of Eurocurrencies include Euroyen, Eurosterling or Europound, and formerly Euromarks.
(48) By the late 1980s, the size of the market for all Eurocurrencies was estimated over $4.5 trillion.
In fact, the pricing convention in the interest rate and currency swap markets ignores intra-market risk differences between Eurocurrencies. For example, the floating leg of a fixed-for-floating yen interest rate swap is usually set at the benchmark 6-month Euroyen rate, whereas the corresponding floating leg of a fixed-for-floating yen currency swap is usually set at the benchmark 6-month Eurodollar rate regardless of the denomination of the underlying currency.
In Section IV, we empirically test our hypotheses using daily data for several Eurocurrencies. Section V offers a summary and conclusion.
dollar accounted for 45 percent of external liabilities, the euro accounted for 32 percent, the pound sterling accounted for 8 percent, and the yen accounted for 3 percent, leaving 12 percent for all other Eurocurrencies.
The BIS survey results note that trading in the eurocurrencies in 1998 accounted for 52 per cent of all foreign exchange transactions, while in 2001 the common currency of the euro accounted for just 38 per cent of global trading.
(39) The list of instruments is exhaustive; suffice it to say that in addition to Eurocurrencies, the clearning systems handle transactions involving Eurobonds, bonds, securities, futures, options and swaps.