Definitions for eurocurrency
ˈyʊər oʊˌkɜr ən si, -ˌkʌr-, ˈyɜr-eu·rocur·ren·cy

Princeton's WordNetRate this definition:0.0 / 0 votes

1. Eurocurrencynoun

   currency of the major financial and industrial countries held in those countries for the purpose of lending and borrowing

WikipediaRate this definition:0.0 / 0 votes

1. Eurocurrency

   Eurocurrency is currency held on deposit outside its home market, i.e., held in banks located outside of the country which issues the currency. For example, a deposit of US dollars held in a bank in London, would be considered eurocurrency, as the US dollar is deposited outside of its home market. The Euro- prefix does not refer exclusively to the "euro" currency or the "eurozone", as the term predates the creation of the euro. Instead, it can be applied to any combination of deposits in a foreign bank outside of its home market e.g. a deposit denominated in Japanese yen held in a Swiss bank is a Euroyen deposit. Eurocurrency is used for short-to-medium term financing by banks, multinational corporations, mutual funds, and hedge funds. Eurocurrency is generally seen as an attractive source of global funding due to its ease of convertibility between currencies as well as typically lower regulatory measures compared to sources of funding in domestic markets. Eurocurrency and Eurobond markets avoid domestic interest rate regulations, reserve requirements and other barriers to the free flow of capital.The relevance of eurocurrency deposits has been disputed ever since its inception in the 1950s by notable economists including Ronald McKinnon, yet it remains a prevalent aspect of the global financial system.

ChatGPTRate this definition:0.0 / 0 votes

1. eurocurrency

   Eurocurrency is a form of currency deposited in banks located outside the home country of the currency. The prefix "euro-" in Eurocurrency does not refer to the euro or Europe, but signifies the currency is held in a country other than its home country. For example, US dollars held in a bank in London would be considered Eurocurrency. It is often used for international trade and financial transactions and is a major component of the global financial system.

WikidataRate this definition:0.0 / 0 votes

1. Eurocurrency

   Eurocurrency is deposits in banks that are located outside the borders of the country that issues the currency the deposit is denominated in. For example a deposit denominated in Japanese Yen held in a Brazilian bank is a Eurocurrency deposit. Likewise a deposit denominated in US dollars held in a Singapore bank is a Eurocurrency deposit, or more specifically a Eurodollar deposit. Eurocurrency does not have to involve either the euro currency or the eurozone. Today the Eurocurrency and Eurobond markets are active because they avoid domestic interest rate regulations, reserve requirements and other barriers to the free flow of capital.

Matched Categories

1. • Currency

How to pronounce eurocurrency?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say eurocurrency in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of eurocurrency in Chaldean Numerology is: 2

2. Pythagorean Numerology

   The numerical value of eurocurrency in Pythagorean Numerology is: 4

Popularity rank by frequency of use

References

1. ^ Princeton's WordNet
   http://wordnetweb.princeton.edu/perl/webwn?s=eurocurrency
2. ^ Wikipedia
   https://en.wikipedia.org/wiki/Eurocurrency
3. ^ ChatGPT
   https://chat.openai.com
4. ^ Wikidata
   https://www.wikidata.org/w/index.php?search=eurocurrency