English version

trade-weighted index

From Longman Business Dictionary
Related topics: Economics
trade-weighted indexˈtrade-weighted ˌindex [countable usually singular]ECONOMICS an index showing the value of a country’s currency in relation to the currencies of a group of countries with which it trades. In the index, each country’s currency is given an importance in relation to the amount of trade it doesThe trade-weighted index measures the Australian dollar’s value against a basket (=group) of 24 currencies. index
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