Meaning of “basket of currencies” in the English Dictionary

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"basket of currencies" in Business English

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basket of currenciesnoun [ C ]

uk us ECONOMICS, FINANCE

a group of different currencies that are used by some countries to calculate the value of their own currency:

The dollar is currently trading at a 12-year low against a basket of currencies.

(Definition of “basket of currencies” from the Cambridge Business English Dictionary © Cambridge University Press)