Not exact matches
The trade -
weighted US dollar index, also known as the broad index, is a measure of the value of the United States dollar relative to other
world currencies.
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One might be able to compare the price of one
currency to that of the SDR, or even to any other
weighted average of
world currencies that one wanted, but I don't think it's done nearly as often as comparing
currencies to the basket of goods one can buy to find «inflation».
No matter what your opinion is of the Greenback, it is still, without question, regarded as the
world's primary reserve
currency and holds its
weight of recognition across the board.
Deutsche Bank AG (NYSE: DB) strategist Gautam Kalani recently called the yuan «the most expensive»
currency in the
world on a trade -
weighted basis.