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)

(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]

ThesaurusAntonymsRelated WordsSynonymsLegend:

Noun

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

Translations

eurodevise

eurovaluta

Eurocurrency

[ˈjʊərəʊˌkʌrənsɪ] N → eurodivisa 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

n → Euro-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

Mentioned in

References in periodicals archive

Chang (1992), "Intra-Day Arbitrage Opportunities in Foreign Exchange and Eurocurrency Markets," Journal of Finance 47(1): 429-453.

Conditions of pure arbitrage applications: evidence from three currencies

(11.) Goodman, L.s., The pricing of Syndicated Eurocurrency Credit, Federal Reserve Bank of New York Quarterly Review (Summer 1980)

Bank portfolio risk and interest rate spread of risky loans : methodological analysis

For most attorneys, indeed for most people, the words Eurodollar or Eurocurrency probably bring to mind the transnational currency introduced in 1999 and currently used as the medium of exchange in eighteen European nations.

The monetary fifth column: the Eurodollar threat to financial stability and economic sovereignty

(In short, wind down the so-called "Eurocurrency" markets.)

A simpler approach to financial reform: financial instability is a problem of monetary system design

In addition, employment rates in the Eurocurrency area of Europe are still falling and are lower than the OECD average, as a whole.

OECD sees slight improvement in employment in industrialised nations

dollar payment system, triggering systemic "dislocations in the international interbank sector of the Eurocurrency market" (Herring and Litan, 1995, p.

The role of time-critical liquidity in financial markets

Further, the senior secured credit facilities consisted of a 5-year revolving credit facility of USD200m and a 5-year term loan facility of USD625million, each of which will carry a variable rate of interest based on either a base rate or the Eurocurrency rate plus, in each case, an applicable margin at the company's option.

Wesco Aircraft completes new refinancing of USD825m

Mean reversion of interest rates in the eurocurrency market, Oxford Bulletin of Economics and Statistics 63: 459-474.

Regime changes in monetary policy and the expectation hypothesis of the term structure in Turkey

(7) Historically, CHIPS settled the vast majority of international dollar transactions, such as the dollar legs of foreign exchange transactions and eurocurrency loans.

Settlement liquidity and monetary policy implementation--lessons from the financial crisis

Secondly, we want to see the eurocurrency as strong; we want to still be a part of the common currency space, even if there are some critics who say that it's not showing a good perspective for the future.

Getting down to business

In more efficient markets, such as the Eurocurrency markets, forward exchange rates are based on both current and future expectations of the interest rate differential.

Budgeting for international operations: impact on and integration with strategic planning