Eurocurrency
Definition of 'Eurocurrency'Currency deposited by national governments or corporations in banks outside their home market. This applies to any currency and to banks in any country. For example, South Korean won deposited at a bank in South Africa, is considered eurocurrency.Also known as "euromoney." |
|
Investopedia explains 'Eurocurrency'Having "euro" doesn't mean that the transaction has to involve European countries. However, in practice, European countries are often involved. |
Related Definitions
Articles Of Interest
-
Getting Started In Forex
Before entering this market, you should define what you need from your broker and from your strategy. -
A Primer On The Forex Market
Moving from equities to currencies requires you to adjust how you interpret quotes, margin, spreads and rollovers. -
Are eurodollars related to the currency called the euro?
Eurodollars have little to do with the official currency of the European Union, the euro (EUR). In 1999, the euro was implemented as the official currency of the European Union as a means to ... -
The Money Market
If your investments in the stock market are keeping you from sleeping at night, it's time to learn about the safer alternatives in the money market. -
Inspecting A Country's Debt
Tensions over just how to handle debt are pitting the rich world against the developing world like never before. -
Exploring Non-Dollar Currencies For Forex Trading
Learn how investments in foreign currencies can diversify your portfolio. -
Why China's Currency Tangos With The USD
Congress often debates pressuring China to appreciate its currency, but the yuan/dollar peg has benefits for both countries. -
Countries With The Fastest And Slowest GDP Growth
Discover which countries have shown the most growth since 1980, and which have shown the more ignominious fizzle and pop. -
The Economic State Of The World: What We Can Expect In 2013
As 2013 begins in earnest, this article addresses the state of the global economy and what we can expect from the 12 months ahead. -
Itochu - It's Not Easy, But It Might Be A Good Value
Itochu is a hugely complicated company, but the value equation is easier to understand.
Free Annual Reports