We measure dollar ration against a certain currencies basket. But what is a currency basket? It is a list of the major currencies that shape the behavior of the currency that is measured against it. a basket usually plays a role of a benchmark for the national currency exchange rate.
Carry trade is a certain trading strategy that involves rolling into a certain trade at a lower price only to see the price go up. It also explains a process of going into a certain assets trading in expectancy of a soon-to-come higher return rate. It also involves buying a badly-performing currency in order to convert it in a better-performing currency, counting on a profit in the difference.
The ISO 4217 currency code for the Czech koruna, the official legal tender for the Czech Republic. The Czech koruna (CZK) has been the official currency of the Republic since February 8, 1993, when it replaced the Czechoslovak koruna. The Republic planned to adopt the euro as its official currency in 2012, but opposition halted that move in 2007.
CAD is the currency abbreviation or currency symbol for the Canadian dollar (CAD). The Canadian dollar is made up of 100 cents, and is often presented with the dollar sign as C$ to allow it to be distinguished from other currencies denominated in dollars, such as the U.S. Dollar (USD). CAD is considered to be a benchmark currency, meaning that many central banks across the globe keep Canadian dollars as a reserve currency.
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